Philadelphia Trust Co. Decreases Stake 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. lessened its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 30.0% during the 1st quarter, according to its most recent 13F filing with the 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 0.06% of Stag Industrial worth $3,756,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Nations Financial Group Inc. IA ADV raised its position in shares of Stag Industrial by 14.6% during the 1st 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 in the last quarter. American Century Companies Inc. increased 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 buying an additional 382,771 shares during the period. Aberdeen Group plc increased 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 buying an additional 2,074 shares during the period. Resona Asset Management Co. Ltd. increased 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 buying an additional 8,354 shares during the period. Finally, HighTower Advisors LLC increased 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 buying an additional 1,215 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Stag Industrial Stock Performance

Shares of STAG stock traded down $0.2350 during midday trading on Wednesday, hitting $35.8550. The company had a trading volume of 689,422 shares, compared to its average volume of 1,487,288. The company's 50 day simple moving average is $35.73 and its 200 day simple moving average is $35.00. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $40.75. The stock has a market cap of $6.69 billion, a price-to-earnings ratio of 28.23 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.

Stag Industrial (NYSE:STAG - Get Free Report) last announced 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 return on equity of 6.71% and a net margin of 29.14%.The company had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. During the same period last year, the business posted $0.61 EPS. The company's revenue was up 9.4% on a year-over-year basis. Research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

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

Insider Buying and Selling at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial 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 directly owned 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on STAG. Evercore ISI lifted their price target on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 30th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a research report on Monday, May 19th. Robert W. Baird cut their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Raymond James Financial lifted their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, Stag Industrial presently has an average rating of "Hold" and an average target price of $38.17.

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.