Centersquare Investment Management LLC Increases Position in Stag Industrial, Inc. (NYSE:STAG)

Key Points

• Centersquare Investment Management LLC increased its stake in Stag Industrial by 26.7% to a total of 184,800 shares, valued at approximately $6.67 million.
• Stag Industrial's stock has received mixed ratings, with an average price target of $38.17 from analysts, reflecting both buy and hold ratings.
• The company announced a quarterly dividend of $0.1242 per share, with an ex-dividend date of July 31st, indicating a yield of 422.0%.

Centersquare Investment Management LLC boosted its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 26.7% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 184,800 shares of the real estate investment trust's stock after acquiring an additional 39,000 shares during the quarter. Centersquare Investment Management LLC owned 0.10% of Stag Industrial worth $6,675,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. American Century Companies Inc. lifted its holdings in shares of Stag Industrial by 3.4% during the 4th quarter. American Century Companies Inc. now owns 63,082 shares of the real estate investment trust's stock valued at $2,133,000 after buying an additional 2,045 shares during the period. LPL Financial LLC lifted its holdings in shares of Stag Industrial by 10.3% during the 4th quarter. LPL Financial LLC now owns 136,261 shares of the real estate investment trust's stock valued at $4,608,000 after buying an additional 12,735 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Stag Industrial by 33.5% during the 4th quarter. JPMorgan Chase & Co. now owns 1,004,562 shares of the real estate investment trust's stock valued at $33,974,000 after buying an additional 251,992 shares during the period. Wellington Management Group LLP lifted its holdings in shares of Stag Industrial by 24.5% during the 4th quarter. Wellington Management Group LLP now owns 128,794 shares of the real estate investment trust's stock valued at $4,356,000 after buying an additional 25,354 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in shares of Stag Industrial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock valued at $115,748,000 after buying an additional 18,009 shares during the period. 88.67% of the stock is owned by institutional investors.

Stag Industrial Trading Down 0.6%

Shares of Stag Industrial stock traded down $0.23 on Friday, hitting $34.65. 1,018,344 shares of the company traded hands, compared to its average volume of 1,534,603. The stock's 50 day moving average price is $35.95 and its 200-day moving average price is $34.96. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $40.75. The company has a market cap of $6.47 billion, a PE ratio of 27.28 and a beta of 0.91.

Stag Industrial (NYSE:STAG - Get Free Report) last issued 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 company had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. Stag Industrial's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. Equities research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.1242 per share. This represents a yield of 422.0%. The ex-dividend date of this dividend is Thursday, July 31st. Stag Industrial's dividend payout ratio (DPR) is presently 117.32%.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the transaction, the director directly owned 7,115 shares of the company's stock, valued at approximately $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on STAG shares. Raymond James Financial raised 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. 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 report on Wednesday, May 7th. Evercore ISI raised 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 issued a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.17.

About Stag Industrial

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.