Clean Yield Group Sells 67,705 Shares of Stag Industrial, Inc. $STAG

Key Points

• Clean Yield Group significantly reduced its stake in Stag Industrial, selling 67,705 shares and now holding just 3,306 shares worth approximately $120,000, representing a 95.3% decrease in its holdings.
• Stag Industrial reported a net income margin of 29.14% for its last quarter, with revenues of $207.44 million that surpassed analyst expectations.
• The company declared a monthly dividend of $0.1242, reflecting an annualized yield of 4.3%, although its payout ratio stands at a high 117.32%.

Clean Yield Group decreased its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 95.3% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,306 shares of the real estate investment trust's stock after selling 67,705 shares during the period. Clean Yield Group's holdings in Stag Industrial were worth $120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors also recently modified their holdings of STAG. Wellington Management Group LLP lifted its stake 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 in the last quarter. Central Pacific Bank Trust Division lifted its stake in shares of Stag Industrial by 9.8% during the 1st quarter. Central Pacific Bank Trust Division now owns 5,743 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 513 shares in the last quarter. Versant Capital Management Inc lifted its stake in shares of Stag Industrial by 204.9% during the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after buying an additional 506 shares in the last quarter. GAMMA Investing LLC lifted its stake in shares of Stag Industrial by 3,246.2% during the 1st quarter. GAMMA Investing LLC now owns 33,194 shares of the real estate investment trust's stock valued at $1,199,000 after buying an additional 32,202 shares in the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Stag Industrial by 74.4% during the 1st quarter. Parallel Advisors LLC now owns 4,549 shares of the real estate investment trust's stock valued at $164,000 after buying an additional 1,940 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Stag Industrial Stock Up 1.0%

Shares of STAG stock opened at $34.87 on Monday. The stock has a market cap of $6.51 billion, a P/E ratio of 27.46 and a beta of 0.94. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.68. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The company's fifty day simple moving average is $35.59 and its two-hundred day simple moving average is $35.10.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. The business had revenue of $207.44 million for 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%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. Analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently declared a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were paid a $0.1242 dividend. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a yield of 4.3%. Stag Industrial's payout ratio is presently 117.32%.

Wall Street Analyst Weigh In

Separately, Evercore ISI lifted their target price on shares of Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $38.33.

Insider Buying and Selling at Stag Industrial

In other news, Director Benjamin S. Butcher sold 25,000 shares of the company's stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the sale, the director directly owned 7,562 shares in the company, valued at approximately $279,113.42. This represents a 76.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the company's stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the sale, the director owned 38,666 shares in the company, valued at $1,361,043.20. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.