Invesco Ltd. Acquires 37,872 Shares of Stag Industrial, Inc. $STAG

Key Points

• Invesco Ltd. increased its stake in Stag Industrial by 3.1%, now owning approximately $46.14 million worth of shares, representing around 0.68% of the company.
• Recent analyst reports have seen Stag Industrial's price target adjusted, with Royal Bank Of Canada maintaining a "sector perform" rating and a target of $38.00, while Evercore ISI increased their target to $40.00.
• Stag Industrial announced a dividend of $0.1242 per share, yielding 422.0%, although its current payout ratio stands at 117.32%.

Invesco Ltd. increased its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 3.1% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,277,526 shares of the real estate investment trust's stock after acquiring an additional 37,872 shares during the period. Invesco Ltd. owned about 0.68% of Stag Industrial worth $46,144,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in STAG. Signaturefd LLC grew its position in shares of Stag Industrial by 14.0% during the 1st quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust's stock valued at $93,000 after acquiring an additional 317 shares during the period. Securian Asset Management Inc. grew its position in shares of Stag Industrial by 2.9% during the 1st quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust's stock valued at $512,000 after acquiring an additional 395 shares during the period. Integrated Advisors Network LLC grew its position in shares of Stag Industrial by 3.5% during the 4th quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust's stock valued at $395,000 after acquiring an additional 398 shares during the period. PFG Investments LLC grew its position in shares of Stag Industrial by 5.4% during the 1st quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust's stock valued at $300,000 after acquiring an additional 429 shares during the period. Finally, Moran Wealth Management LLC grew its position in shares of Stag Industrial by 1.2% during the 1st quarter. Moran Wealth Management LLC now owns 36,799 shares of the real estate investment trust's stock valued at $1,329,000 after acquiring an additional 436 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STAG has been the subject of several research reports. Robert W. Baird dropped their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a report on Wednesday, May 7th. Royal Bank Of Canada reissued a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Raymond James Financial increased their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Finally, Evercore ISI increased their price objective 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 investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, Stag Industrial currently has a consensus rating of "Hold" and a consensus target price of $38.17.

Insider Activity at Stag Industrial

In other 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

Stag Industrial Trading Down 0.7%

Stag Industrial stock traded down $0.2480 during midday trading on Thursday, reaching $35.6020. The stock had a trading volume of 438,628 shares, compared to its average volume of 1,484,133. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $40.75. The firm has a market cap of $6.65 billion, a price-to-earnings ratio of 28.03 and a beta of 0.91. The company has a fifty day moving average of $35.72 and a 200 day moving average of $35.00.

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, hitting analysts' consensus estimates of $0.63. The business had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. On average, analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently announced a dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were given a dividend of $0.1242 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a dividend yield of 422.0%. Stag Industrial's dividend payout ratio (DPR) is 117.32%.

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.