Philadelphia Trust Co. Reduces Holdings in Stag Industrial, Inc. $STAG

Key Points

• Philadelphia Trust Co. reduced its stake in Stag Industrial, Inc. by 30.0% during Q1, selling 44,505 shares, and now owns approximately 0.06% of the company with a valuation of $3.76 million.
• Stag Industrial's recent earnings report matched analyst expectations, with the company reporting $0.63 EPS and $207.44 million in revenue, a 9.4% increase year-over-year.
• The firm announced a dividend of $0.1242, yielding 422.0%, with a dividend payout ratio of 117.32%.

Philadelphia Trust Co. trimmed its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 30.0% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 103,983 shares of the real estate investment trust's stock after selling 44,505 shares during the period. Philadelphia Trust Co. owned about 0.06% of Stag Industrial worth $3,756,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. Nations Financial Group Inc. IA ADV boosted its position in Stag Industrial by 14.6% during the first quarter. Nations Financial Group Inc. IA ADV now owns 10,181 shares of the real estate investment trust's stock worth $368,000 after acquiring an additional 1,299 shares during the last quarter. American Century Companies Inc. boosted its position in Stag Industrial by 606.8% during the first quarter. American Century Companies Inc. now owns 445,853 shares of the real estate investment trust's stock worth $16,104,000 after acquiring an additional 382,771 shares during the last quarter. Aberdeen Group plc boosted its position in Stag Industrial by 3.6% during the first quarter. Aberdeen Group plc now owns 58,946 shares of the real estate investment trust's stock worth $2,129,000 after acquiring an additional 2,074 shares during the last quarter. Resona Asset Management Co. Ltd. boosted its position in Stag Industrial by 11.5% during the first quarter. Resona Asset Management Co. Ltd. now owns 81,030 shares of the real estate investment trust's stock worth $2,888,000 after acquiring an additional 8,354 shares during the last quarter. Finally, HighTower Advisors LLC boosted its position in Stag Industrial by 9.5% during the first quarter. HighTower Advisors LLC now owns 14,003 shares of the real estate investment trust's stock worth $506,000 after acquiring an additional 1,215 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the sale, the director 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

STAG has been the topic of a number of analyst reports. Robert W. Baird decreased their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Evercore ISI lifted their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, July 30th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Finally, Raymond James Financial lifted their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Two analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $38.17.

Stag Industrial Stock Down 1.1%

Shares of NYSE:STAG traded down $0.38 during midday trading on Thursday, hitting $35.47. 342,584 shares of the company's stock traded hands, compared to its average volume of 1,483,533. 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 company has a market cap of $6.62 billion, a PE ratio of 27.93 and a beta of 0.91. The firm's fifty day moving average price is $35.72 and its two-hundred day moving average price is $35.00. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $40.75.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its earnings results 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. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. During the same quarter in the previous year, the business posted $0.61 EPS. The business's quarterly revenue was up 9.4% on a year-over-year basis. On average, equities research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were paid a dividend of $0.1242 per share. The ex-dividend date of this dividend was Thursday, July 31st. This represents a yield of 422.0%. Stag Industrial's payout ratio is 117.32%.

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.