Ceredex Value Advisors LLC Sells 48,100 Shares of Stag Industrial, Inc. $STAG

Key Points

• Ceredex Value Advisors LLC reduced its stake in Stag Industrial by 10.7%, selling 48,100 shares and holding 399,800 shares worth approximately $14.4 million after the transaction.
• Multiple large investors increased their positions in Stag Industrial, with Signaturefd LLC boosting its stake by 14.0% during the first quarter.
• Stag Industrial announced a dividend of $0.1242 per share, with a dividend yield of 429.0%, set to be paid to shareholders on September 15th.

Ceredex Value Advisors LLC cut its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 10.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 399,800 shares of the real estate investment trust's stock after selling 48,100 shares during the quarter. Ceredex Value Advisors LLC owned about 0.21% of Stag Industrial worth $14,441,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Stag Industrial by 1.3% in the first quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust's stock valued at $945,572,000 after buying an additional 347,729 shares in the last quarter. Nuveen Asset Management LLC grew its stake in shares of Stag Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock valued at $124,445,000 after buying an additional 204,948 shares in the last quarter. Nuveen LLC bought a new position in shares of Stag Industrial in the first quarter valued at $129,972,000. Charles Schwab Investment Management Inc. grew its stake in shares of Stag Industrial by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust's stock valued at $116,024,000 after buying an additional 87,659 shares in the last quarter. Finally, Boston Trust Walden Corp increased its holdings in shares of Stag Industrial by 17.5% in the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock valued at $106,283,000 after purchasing an additional 437,527 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, 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 document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Stag Industrial Stock Performance

Shares of Stag Industrial stock traded up $0.13 during trading on Friday, reaching $36.89. The company's stock had a trading volume of 1,069,479 shares, compared to its average volume of 1,259,448. The business's 50-day moving average price is $35.75 and its 200-day moving average price is $35.10. The firm has a market cap of $6.89 billion, a PE ratio of 29.05 and a beta of 0.91. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $40.62. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.63. The company had revenue of $207.44 million during the quarter, compared to analysts' expectations of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. Stag Industrial's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.61 earnings per share. Equities analysts forecast 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 monthly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) annualized dividend and a yield of 4.0%. Stag Industrial's dividend payout ratio is currently 117.32%.

Analyst Ratings Changes

Several research firms have commented on STAG. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Robert W. Baird decreased their price objective on shares of 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 upped their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Evercore ISI upped their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Two investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target 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.