New Age Alpha Advisors LLC Trims Stock Holdings in Stag Industrial, Inc. (NYSE:STAG)

Key Points

• New Age Alpha Advisors LLC significantly reduced its position in Stag Industrial, Inc. by 89.5%, resulting in holdings valued at approximately $484,000.
• Stag Industrial reported earnings of $0.63 per share for the latest quarter, matching analysts' expectations, with revenue of $207.44 million, up 9.4% year-over-year.
• The company announced a dividend of $0.1242 per share, representing a high dividend yield of 422.0%, with an ex-dividend date set for July 31st.

New Age Alpha Advisors LLC decreased its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 89.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,394 shares of the real estate investment trust's stock after selling 114,263 shares during the period. New Age Alpha Advisors LLC's holdings in Stag Industrial were worth $484,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. FMR LLC raised its stake in shares of Stag Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after acquiring an additional 2,088,839 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Stag Industrial by 442.2% during the fourth 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 buying an additional 1,112,757 shares during the period. Northern Trust Corp increased its position in shares of Stag Industrial by 33.3% during the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock worth $70,685,000 after buying an additional 522,568 shares during the period. Woodline Partners LP acquired a new stake in shares of Stag Industrial during the fourth quarter worth $15,446,000. Finally, Boston Trust Walden Corp increased its position in shares of Stag Industrial by 17.5% during the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock worth $106,283,000 after buying an additional 437,527 shares during the period. Institutional investors own 88.67% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on STAG. Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial increased 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 increased 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. Finally, Robert W. Baird decreased 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. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $38.17.

Stag Industrial Stock Up 0.8%

Shares of Stag Industrial stock traded up $0.30 during trading hours on Wednesday, reaching $35.06. The company's stock had a trading volume of 271,040 shares, compared to its average volume of 1,493,203. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $40.75. The company has a market capitalization of $6.54 billion, a P/E ratio of 27.56 and a beta of 0.91. The stock's fifty day simple moving average is $35.89 and its two-hundred day simple moving average is $34.97. 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 (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting 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 for the quarter, compared to analyst estimates of $206.37 million. During the same period last year, the firm earned $0.61 earnings per share. The business's quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given 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%.

Insider Buying and Selling

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

About Stag Industrial

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.