Cbre Investment Management Listed Real Assets LLC Has $70.01 Million Holdings in 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 boosted its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 152.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,938,350 shares of the real estate investment trust's stock after purchasing an additional 1,169,533 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 1.04% of Stag Industrial worth $70,013,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Signaturefd LLC raised its stake in Stag Industrial by 14.0% in the first quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust's stock valued at $93,000 after purchasing an additional 317 shares in the last quarter. Securian Asset Management Inc. grew its position in Stag Industrial by 2.9% in the first quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust's stock valued at $512,000 after acquiring an additional 395 shares during the last quarter. Integrated Advisors Network LLC grew its position in Stag Industrial by 3.5% in the fourth quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust's stock valued at $395,000 after acquiring an additional 398 shares during the last quarter. Aew Capital Management L P grew its position in Stag Industrial by 12.5% in the first quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust's stock valued at $130,000 after acquiring an additional 400 shares during the last quarter. Finally, PFG Investments LLC grew its position in Stag Industrial by 5.4% in the first quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust's stock valued at $300,000 after acquiring an additional 429 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Insider Activity

In other 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 completion of the transaction, the director owned 7,115 shares of the company's stock, 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 SEC, which is available through this hyperlink. 1.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts have issued reports on STAG shares. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial lifted their target price on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI lifted their target price on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird decreased their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Two equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Stag Industrial currently has a consensus rating of "Hold" and a consensus price target of $38.17.

Stag Industrial Stock Performance

Stag Industrial stock opened at $36.7440 on Friday. The business has a 50 day moving average of $35.70 and a 200-day moving average of $35.03. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $40.75. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The company has a market capitalization of $6.86 billion, a P/E ratio of 28.93 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. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. During the same quarter in the prior year, the firm posted $0.61 earnings per share. The firm's revenue was up 9.4% compared to the same quarter last year. On average, equities research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, September 15th. Stockholders of record on Monday, September 1st will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a dividend yield of 429.0%. Stag Industrial's dividend payout ratio is currently 117.32%.

Stag Industrial Company 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.

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