Fort Washington Investment Advisors Inc. OH Sells 45,992 Shares of Stag Industrial, Inc. $STAG

Key Points

• Fort Washington Investment Advisors Inc. OH reduced its stake in Stag Industrial, Inc. by 7.5%, selling 45,992 shares during the second quarter and now owns 570,874 shares worth approximately $20.7 million.
• Stag Industrial reported a quarterly earnings per share (EPS) of $0.63, meeting analysts' expectations, with a revenue increase of 9.4% year-over-year.
• The company declared a monthly dividend of $0.1242 per share, yielding 4.3%, with a high dividend payout ratio currently at 117.32%.

Fort Washington Investment Advisors Inc. OH cut its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 7.5% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 570,874 shares of the real estate investment trust's stock after selling 45,992 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.31% of Stag Industrial worth $20,711,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its position in shares of Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after buying an additional 506 shares in the last quarter. Tsfg LLC purchased a new stake in shares of Stag Industrial in the 1st quarter valued at about $32,000. Garde Capital Inc. purchased a new stake in shares of Stag Industrial in the 1st quarter valued at about $33,000. Avalon Trust Co bought a new stake in shares of Stag Industrial during the 1st quarter valued at about $36,000. Finally, Keystone Global Partners LLC purchased a new position in shares of Stag Industrial during the first quarter worth about $41,000. 88.67% of the stock is owned by institutional investors.

Stag Industrial Stock Up 1.0%

Shares of NYSE STAG opened at $34.87 on Monday. The stock has a market capitalization of $6.51 billion, a P/E ratio of 27.46 and a beta of 0.94. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.68. The firm's 50 day simple moving average is $35.59 and its two-hundred day simple moving average is $35.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data 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%. The firm's revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 EPS. As a group, analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

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

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director 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 SEC, 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 that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the transaction, the director owned 38,666 shares of the company's stock, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

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 report on Monday, September 15th. Two equities research 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, Stag Industrial has a consensus rating of "Hold" and an average target price of $38.33.

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.

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