Invesco Ltd. Purchases 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. grew its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 3.1% in the first quarter, according to its most recent Form 13F filing with the Securities and 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 0.68% of Stag Industrial worth $46,144,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the company. Signaturefd LLC raised its stake in shares of Stag Industrial by 14.0% in the first 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 last quarter. Securian Asset Management Inc. raised its position in Stag Industrial by 2.9% in the 1st quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust's stock worth $512,000 after purchasing an additional 395 shares during the last quarter. Integrated Advisors Network LLC raised its position in Stag Industrial by 3.5% in the 4th quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust's stock worth $395,000 after purchasing an additional 398 shares during the last quarter. PFG Investments LLC raised its position in Stag Industrial by 5.4% in the 1st quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust's stock worth $300,000 after purchasing an additional 429 shares during the last quarter. Finally, Moran Wealth Management LLC raised its position in Stag Industrial by 1.2% in the 1st quarter. Moran Wealth Management LLC now owns 36,799 shares of the real estate investment trust's stock worth $1,329,000 after purchasing an additional 436 shares during the last quarter. Institutional investors own 88.67% of the company's stock.

Stag Industrial Trading Up 3.9%

STAG traded up $1.37 during trading on Friday, reaching $36.95. 263,561 shares of the company's stock were exchanged, compared to its average volume of 1,479,377. The company's fifty day moving average price is $35.70 and its 200-day moving average price is $35.02. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $40.75. The firm has a market capitalization of $6.90 billion, a PE ratio of 29.11 and a beta of 0.91.

Stag Industrial (NYSE:STAG - Get Free Report) last released 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. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same quarter in the previous year, the business earned $0.61 EPS. The business's quarterly revenue was up 9.4% compared to the same quarter last year. As a group, equities analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

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

Insider Buying and Selling

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction 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 completion of the sale, the director owned 7,115 shares of the company's stock, valued at approximately $262,543.50. The trade was a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on STAG shares. Raymond James Financial boosted their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI boosted their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Finally, 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 research report on Wednesday, May 7th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target 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.