Motley Fool Wealth Management LLC Has $9.74 Million Stock Position in Stag Industrial, Inc. (NYSE:STAG)

Key Points

• Motley Fool Wealth Management LLC reduced its stake in Stag Industrial, Inc. by 7.4% during Q1, now holding 269,609 shares valued at approximately $9.7 million.
• Several institutional investors, including Vanguard Group and Charles Schwab, increased their positions in Stag Industrial, which is now predominantly owned (88.67%) by institutional investors.
• Stag Industrial announced a dividend of $0.1242 per share, with a significant yield of 422.0%, and has reported a year-over-year revenue increase of 9.4% in its latest earnings.

Motley Fool Wealth Management LLC lessened its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 7.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 269,609 shares of the real estate investment trust's stock after selling 21,421 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.14% of Stag Industrial worth $9,738,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of STAG. Nuveen LLC acquired a new position in shares of Stag Industrial during the 1st quarter worth approximately $129,972,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Stag Industrial by 442.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock worth $46,144,000 after acquiring an additional 1,112,757 shares during the period. Northern Trust Corp boosted its stake in shares of Stag Industrial by 33.3% during the 4th quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock worth $70,685,000 after acquiring an additional 522,568 shares during the period. Woodline Partners LP bought a new position in shares of Stag Industrial during the 4th quarter worth approximately $15,446,000. Finally, Boston Trust Walden Corp boosted its stake in shares of Stag Industrial by 17.5% during the 1st quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock worth $106,283,000 after acquiring an additional 437,527 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Stag Industrial Stock Performance

STAG traded down $0.05 during trading on Friday, hitting $34.76. The stock had a trading volume of 473,964 shares, compared to its average volume of 1,488,106. The firm has a market cap of $6.49 billion, a price-to-earnings ratio of 27.38 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The company has a 50 day moving average price of $35.84 and a 200-day moving average price of $34.98. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $40.75.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $207.44 million during the quarter, compared to analysts' expectations of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%. The company's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.61 EPS. As a group, research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

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

Insiders Place Their Bets

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 stock was sold at an average price of $36.90, for a total value 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 $262,543.50. The trade was a 80.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

STAG has been the subject of several research analyst reports. Evercore ISI lifted their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Robert W. Baird reduced their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Raymond James Financial lifted their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat.com, Stag Industrial has a consensus rating of "Hold" and an average target price 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.