GW&K Investment Management LLC Sells 41,926 Shares of Stag Industrial, Inc. (NYSE:STAG)

GW&K Investment Management LLC lowered its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 2.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,391,902 shares of the real estate investment trust's stock after selling 41,926 shares during the quarter. GW&K Investment Management LLC owned approximately 0.75% of Stag Industrial worth $50,275,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Allianz Asset Management GmbH lifted its position in Stag Industrial by 122.0% in the 1st quarter. Allianz Asset Management GmbH now owns 404,435 shares of the real estate investment trust's stock worth $14,608,000 after buying an additional 222,289 shares during the last quarter. Kestra Private Wealth Services LLC grew its stake in shares of Stag Industrial by 136.3% in the first quarter. Kestra Private Wealth Services LLC now owns 16,316 shares of the real estate investment trust's stock worth $589,000 after acquiring an additional 9,410 shares during the last quarter. Verdence Capital Advisors LLC boosted its position in shares of Stag Industrial by 40.0% during the first quarter. Verdence Capital Advisors LLC now owns 14,453 shares of the real estate investment trust's stock valued at $522,000 after buying an additional 4,129 shares during the last quarter. Segall Bryant & Hamill LLC boosted its position in shares of Stag Industrial by 1.4% during the first quarter. Segall Bryant & Hamill LLC now owns 1,118,063 shares of the real estate investment trust's stock valued at $40,384,000 after buying an additional 15,939 shares during the last quarter. Finally, Victory Capital Management Inc. lifted its holdings in Stag Industrial by 15.5% in the first quarter. Victory Capital Management Inc. now owns 507,207 shares of the real estate investment trust's stock valued at $18,320,000 after acquiring an additional 67,910 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insider Activity at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the transaction, the director owned 7,115 shares in the company, valued at $262,543.50. This trade represents a 80.21% 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. Insiders own 1.10% of the company's stock.

Stag Industrial Stock Up 0.0%

Stag Industrial stock traded up $0.02 during midday trading on Monday, reaching $35.66. The company's stock had a trading volume of 925,453 shares, compared to its average volume of 1,281,199. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.65 billion, a P/E ratio of 14.67 and a beta of 0.93. The business has a 50-day simple moving average of $35.95 and a 200-day simple moving average of $34.82.

Stag Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The firm had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same quarter last year, the company posted $0.59 earnings per share. The business's revenue was up 9.7% on a year-over-year basis. On average, research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a dividend of $0.1242 per share. The ex-dividend date is Thursday, July 31st. This represents a dividend yield of 4.22%. Stag Industrial's dividend payout ratio is presently 112.03%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on STAG shares. 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. Robert W. Baird cut their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $39.71.

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.