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

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its position in Stag Industrial by 1.3% in the first quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust's stock worth $945,572,000 after acquiring an additional 347,729 shares in the last quarter. Earnest Partners LLC grew its position in Stag Industrial by 6.6% in the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock worth $128,361,000 after acquiring an additional 235,622 shares in the last quarter. Nuveen Asset Management LLC grew its position in Stag Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock worth $124,445,000 after acquiring an additional 204,948 shares in the last quarter. Nuveen LLC purchased a new position in Stag Industrial in the first quarter worth $129,972,000. Finally, Charles Schwab Investment Management Inc. boosted its position in Stag Industrial by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust's stock valued at $116,024,000 after buying an additional 87,659 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have issued reports on STAG. Robert W. Baird cut 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 restated a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial upped their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Evercore ISI upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat, Stag Industrial has an average rating of "Hold" and a consensus target price of $38.17.

Stag Industrial Price Performance

STAG stock opened at $34.65 on Monday. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $40.75. The company has a market cap of $6.47 billion, a P/E ratio of 27.28 and a beta of 0.91. The firm has a 50-day moving average of $35.95 and a 200 day moving average of $34.98. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (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 company had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. During the same period in the prior year, the firm earned $0.61 earnings per share. Stag Industrial's revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The firm 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. This represents a yield of 422.0%. The ex-dividend date is Thursday, July 31st. Stag Industrial's dividend payout ratio is 117.32%.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction dated Friday, June 6th. The shares were 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 in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company's stock.

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.

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