Stag Industrial, Inc. $STAG Shares Sold by Keeley Teton Advisors LLC

Key Points

• Keeley Teton Advisors LLC reduced its holdings in Stag Industrial, Inc. by 7.0%, now owning 185,614 shares, which represents about 0.8% of their total holdings.
• The dividend for Stag Industrial will be paid on September 15th, with a yield of 429.0%, and a payout ratio of 117.32%.
• Stag Industrial's latest earnings report showed a revenue increase of 9.4% year-over-year, with earnings per share of $0.63 meeting analyst expectations.

Keeley Teton Advisors LLC decreased its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 7.0% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 185,614 shares of the real estate investment trust's stock after selling 13,959 shares during the quarter. Stag Industrial comprises 0.8% of Keeley Teton Advisors LLC's holdings, making the stock its 21st largest position. Keeley Teton Advisors LLC owned 0.10% of Stag Industrial worth $6,704,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. Versant Capital Management Inc raised its position in 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 valued at $27,000 after purchasing an additional 506 shares during the period. Tsfg LLC purchased a new stake in Stag Industrial in the first quarter valued at $32,000. Garde Capital Inc. purchased a new stake in Stag Industrial in the first quarter valued at $33,000. Avalon Trust Co purchased a new stake in Stag Industrial in the first quarter valued at $36,000. Finally, Keystone Global Partners LLC purchased a new stake in Stag Industrial in the first quarter valued at $41,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on STAG shares. Robert W. Baird reduced their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Raymond James Financial boosted their price objective on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Finally, Evercore ISI boosted their price objective on 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 company's stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $38.17.

Insider Activity

In other news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the transaction, the director directly owned 7,115 shares of the company's stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company's stock.

Stag Industrial Stock Up 0.4%

STAG traded up $0.13 on Friday, hitting $36.89. 1,069,479 shares of the company were exchanged, compared to its average volume of 1,259,448. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $40.62. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 29.05 and a beta of 0.91. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a 50-day moving average price of $35.75 and a two-hundred day moving average price of $35.10.

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 the consensus estimate of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The firm had revenue of $207.44 million during the quarter, compared to analysts' expectations of $206.37 million. During the same period in the previous year, the firm posted $0.61 EPS. Stag Industrial's revenue for the quarter was up 9.4% on a year-over-year basis. On average, equities analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Stockholders of record on Friday, August 29th will be given a dividend of $0.1242 per share. This represents a c) annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, August 29th. Stag Industrial's dividend payout ratio is currently 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.