Foresight Group Ltd Liability Partnership Sells 11,331 Shares of Stag Industrial, Inc. $STAG

Key Points

• Foresight Group Ltd Liability Partnership reduced its stake in Stag Industrial by 14.7%, selling 11,331 shares and leaving them with 65,998 shares valued at approximately $2.35 million as of the latest report.
• Stag Industrial's most recent earnings report indicated $0.63 earnings per share, meeting analyst expectations, with revenue rising 9.4% year-over-year to $207.44 million.
• The company announced a monthly dividend of $0.1242 per share with a dividend yield of 4.2% and a payout ratio of 117.32%.

Foresight Group Ltd Liability Partnership lowered its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 14.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 65,998 shares of the real estate investment trust's stock after selling 11,331 shares during the period. Foresight Group Ltd Liability Partnership's holdings in Stag Industrial were worth $2,349,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Versant Capital Management Inc raised 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 purchasing an additional 506 shares during the period. Tsfg LLC purchased a new position in Stag Industrial during the 1st quarter valued at about $32,000. Garde Capital Inc. bought a new stake in shares of Stag Industrial during the first quarter valued at about $33,000. Avalon Trust Co purchased a new stake in shares of Stag Industrial in the first quarter worth about $36,000. Finally, Keystone Global Partners LLC purchased a new stake in shares of Stag Industrial in the first quarter worth about $41,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Stock Down 0.9%

Shares of NYSE STAG opened at $35.80 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The business has a 50-day moving average of $35.76 and a 200-day moving average of $35.17. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 28.19 and a beta of 0.94. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $40.40.

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 the consensus estimate of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same period in the previous year, the business posted $0.61 earnings per share. Stag Industrial's revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be issued a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. The ex-dividend date of this dividend is Friday, August 29th. Stag Industrial's payout ratio is currently 117.32%.

Insider Transactions at Stag Industrial

In related news, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, the director owned 7,562 shares of the company's stock, valued at $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on STAG. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th. Evercore ISI raised their price target 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 research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price 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.

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