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 cut its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 14.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm 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 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Nuveen LLC purchased a new position in Stag Industrial during the 1st quarter valued at $129,972,000. Cbre Investment Management Listed Real Assets LLC increased its position in shares of Stag Industrial by 152.1% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,938,350 shares of the real estate investment trust's stock valued at $70,013,000 after buying an additional 1,169,533 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Stag Industrial by 442.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock valued at $46,144,000 after buying an additional 1,112,757 shares during the period. Woodline Partners LP purchased a new position in shares of Stag Industrial during the fourth quarter valued at about $15,446,000. Finally, Goldman Sachs Group Inc. grew its holdings in shares of Stag Industrial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust's stock worth $60,391,000 after acquiring an additional 451,355 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 25,000 shares of Stag Industrial stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the sale, the director directly owned 7,562 shares in the company, valued at approximately $279,113.42. This trade represents a 76.78% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

STAG has been the topic of a number of research analyst reports. Evercore ISI upped their target price on Stag Industrial from $40.00 to $41.00 and gave the stock an "outperform" rating in a report on Monday. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Two 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, Stag Industrial currently has a consensus rating of "Hold" and an average target price of $38.33.

Stag Industrial Stock Down 0.4%

STAG stock traded down $0.15 during trading on Tuesday, hitting $35.73. 231,347 shares of the stock traded hands, compared to its average volume of 1,444,574. The stock has a market cap of $6.67 billion, a price-to-earnings ratio of 28.09 and a beta of 0.94. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The firm's 50 day moving average is $35.73 and its two-hundred day moving average is $35.17. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $40.29.

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 earnings per share for the quarter, meeting the consensus estimate of $0.63. The company had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 earnings per share. On average, sell-side analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.1242 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date was Friday, August 29th. Stag Industrial's dividend payout ratio (DPR) is presently 117.32%.

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.