Cbre Investment Management Listed Real Assets LLC Purchases 1,169,533 Shares of Stag Industrial, Inc. $STAG

Key Points

• Cbre Investment Management Listed Real Assets LLC increased its holdings in Stag Industrial, Inc. by 152.1%, owning approximately 1,938,350 shares valued at $70.01 million at the end of the most recent quarter.
• Insider activity showed Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial, which decreased his ownership by 80.21% after the sale.
• Stag Industrial reported a quarterly EPS of $0.63, matching consensus estimates, with revenues up 9.4% year-over-year to $207.44 million.

Cbre Investment Management Listed Real Assets LLC increased its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 152.1% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,938,350 shares of the real estate investment trust's stock after purchasing an additional 1,169,533 shares during the period. Cbre Investment Management Listed Real Assets LLC owned approximately 1.04% of Stag Industrial worth $70,013,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Aew Capital Management L P lifted its holdings in Stag Industrial by 12.5% during the first quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust's stock worth $130,000 after acquiring an additional 400 shares in the last quarter. Allstate Corp bought a new position in Stag Industrial during the first quarter worth about $1,515,000. Norinchukin Bank The lifted its holdings in Stag Industrial by 7.2% during the first quarter. Norinchukin Bank The now owns 8,621 shares of the real estate investment trust's stock worth $311,000 after acquiring an additional 576 shares in the last quarter. CW Advisors LLC lifted its holdings in Stag Industrial by 63.8% during the first quarter. CW Advisors LLC now owns 15,135 shares of the real estate investment trust's stock worth $547,000 after acquiring an additional 5,895 shares in the last quarter. Finally, Hsbc Holdings PLC lifted its holdings in Stag Industrial by 6.5% during the first quarter. Hsbc Holdings PLC now owns 147,526 shares of the real estate investment trust's stock worth $5,328,000 after acquiring an additional 9,053 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Stock Down 1.5%

NYSE STAG traded down $0.56 during trading hours on Thursday, hitting $36.41. 350,782 shares of the company traded hands, compared to its average volume of 1,474,469. The business's 50-day moving average is $35.73 and its 200-day moving average is $35.07. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $40.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 28.67 and a beta of 0.91.

Stag Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business's revenue for the quarter was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.61 earnings per share. Sell-side analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a $0.1242 dividend. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a yield of 4.1%. Stag Industrial's dividend payout ratio is currently 117.32%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on STAG shares. Robert W. Baird reduced their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Raymond James Financial lifted their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Evercore ISI lifted their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $38.17.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $36.90, for a total value of $1,064,306.70. Following the sale, the director owned 7,115 shares in the company, valued at $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by corporate insiders.

Stag Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.