Keeley Teton Advisors LLC Sells 13,959 Shares of Stag Industrial, Inc. $STAG

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 trimmed its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 7.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 185,614 shares of the real estate investment trust's stock after selling 13,959 shares during the period. Stag Industrial comprises about 0.8% of Keeley Teton Advisors LLC's holdings, making the stock its 21st biggest holding. Keeley Teton Advisors LLC owned 0.10% of Stag Industrial worth $6,704,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of STAG. Versant Capital Management Inc lifted its holdings in shares of Stag Industrial by 204.9% during 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 last quarter. Tsfg LLC purchased a new stake in shares of Stag Industrial during the first quarter valued at $32,000. Garde Capital Inc. purchased a new stake in shares of Stag Industrial during the first quarter valued at $33,000. Avalon Trust Co purchased a new stake in shares of Stag Industrial during the first quarter valued at $36,000. Finally, Keystone Global Partners LLC purchased a new stake in shares of Stag Industrial during the first quarter valued at $41,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have commented on STAG. Evercore ISI raised their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Robert W. Baird reduced their price target 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. Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a research report on Monday, May 19th. Finally, Raymond James Financial increased their price target 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. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Stag Industrial currently has an average rating of "Hold" and a consensus target price of $38.17.

Stag Industrial Stock Up 0.4%

Shares of NYSE STAG traded up $0.13 during mid-day trading on Friday, reaching $36.89. 1,069,479 shares of the company traded hands, compared to its average volume of 1,259,448. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The stock has a market cap of $6.89 billion, a PE ratio of 29.05 and a beta of 0.91. The company's fifty day moving average is $35.75 and its two-hundred day moving average is $35.10. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $40.62.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting 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 return on equity of 6.71% and a net margin of 29.14%.The firm's revenue for the quarter was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 EPS. On average, analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a c) dividend on an annualized basis and a yield of 4.0%. Stag Industrial's dividend payout ratio (DPR) is 117.32%.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $36.90, for a total value of $1,064,306.70. Following the sale, the director owned 7,115 shares of the company's stock, valued at $262,543.50. This trade represents a 80.21% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is owned by company insiders.

Stag Industrial 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.