Earnest Partners LLC Grows Stake in Stag Industrial, Inc. $STAG

Key Points

• Earnest Partners LLC increased its position in Stag Industrial, Inc. by 0.7%, owning approximately 2.05% of the company, valued at about $137,999,000, after acquiring an additional 25,140 shares in the first quarter.
• Wall Street analysts have mixed ratings on Stag Industrial, with target prices adjusted to between $36.00 and $40.00, and a consensus rating of "Hold" with a price target of $38.17.
• A recent announcement reveals that Stag Industrial will pay a dividend of $0.1242 on September 15th, which corresponds to a yield of 429.0%, despite a high dividend payout ratio of 117.32%.

Earnest Partners LLC raised its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 0.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,820,565 shares of the real estate investment trust's stock after purchasing an additional 25,140 shares during the period. Earnest Partners LLC owned 2.05% of Stag Industrial worth $137,999,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. NewEdge Advisors LLC raised its position in shares of Stag Industrial by 24.7% in the 4th quarter. NewEdge Advisors LLC now owns 8,461 shares of the real estate investment trust's stock worth $286,000 after acquiring an additional 1,676 shares in the last quarter. First Trust Advisors LP raised its position in shares of Stag Industrial by 12.1% in the 4th quarter. First Trust Advisors LP now owns 64,559 shares of the real estate investment trust's stock worth $2,183,000 after acquiring an additional 6,969 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Stag Industrial by 65.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 13,696 shares of the real estate investment trust's stock worth $463,000 after acquiring an additional 5,411 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of Stag Industrial by 18.7% in the 4th quarter. Hsbc Holdings PLC now owns 138,473 shares of the real estate investment trust's stock worth $4,683,000 after acquiring an additional 21,785 shares in the last quarter. Finally, Pinebridge Investments L.P. raised its position in shares of Stag Industrial by 4.3% in the 4th quarter. Pinebridge Investments L.P. now owns 24,200 shares of the real estate investment trust's stock worth $818,000 after acquiring an additional 1,001 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction 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 transaction, the director directly owned 7,115 shares of the company's stock, valued at approximately $262,543.50. This trade represents a 80.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Stag Industrial Stock Up 0.4%

STAG traded up $0.13 during trading on Friday, hitting $36.89. 1,069,479 shares of the company's stock traded hands, compared to its average volume of 1,259,448. The company's 50 day simple moving average is $35.75 and its two-hundred day simple moving average is $35.10. 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 12-month low of $28.61 and a 12-month high of $40.62. The stock has a market capitalization of $6.89 billion, a price-to-earnings ratio of 29.05 and a beta of 0.91.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company's revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business posted $0.61 EPS. Analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.1242 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Friday, August 29th. Stag Industrial's dividend payout ratio (DPR) is currently 117.32%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Raymond James Financial increased their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Evercore ISI raised their price objective 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 reduced their price objective on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Two research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Stag Industrial currently has a consensus rating of "Hold" and a consensus price target of $38.17.

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.