Schnieders Capital Management LLC Trims Stake in Stag Industrial, Inc. $STAG

Key Points

• Schnieders Capital Management LLC reduced its stake in Stag Industrial by 17.7% in Q2, holding 31,128 shares valued at approximately $1.13 million after selling 6,700 shares.
• Insider Benjamin S. Butcher significantly decreased his holdings by selling 25,000 shares, dropping his ownership by 76.78%, while another director sold 2,004 shares, reducing their stake by 4.93%.
• Stag Industrial recently announced a monthly dividend of $0.1242 per share, with a dividend yield of 3.9%, set to be paid on January 15th, 2025.

Schnieders Capital Management LLC trimmed its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 17.7% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,128 shares of the real estate investment trust's stock after selling 6,700 shares during the period. Schnieders Capital Management LLC's holdings in Stag Industrial were worth $1,129,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of STAG. Nuveen LLC bought a new stake in Stag Industrial during the first quarter valued at about $129,972,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in Stag Industrial by 152.1% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,938,350 shares of the real estate investment trust's stock valued at $70,013,000 after acquiring an additional 1,169,533 shares during the period. Goldman Sachs Group Inc. raised its holdings in Stag Industrial by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust's stock valued at $60,391,000 after acquiring an additional 451,355 shares during the period. American Century Companies Inc. raised its holdings 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 valued at $16,104,000 after acquiring an additional 382,771 shares during the period. Finally, Vanguard Group Inc. raised its holdings in Stag Industrial by 1.3% during the first quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust's stock valued at $945,572,000 after acquiring an additional 347,729 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the company's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $36.91, for a total transaction of $922,750.00. Following the sale, the director directly owned 7,562 shares in the company, valued at $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Larry T. Guillemette sold 2,004 shares of the company's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the sale, the director owned 38,666 shares in the company, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Stag Industrial Stock Up 1.7%

STAG opened at $38.27 on Monday. The firm has a 50-day simple moving average of $35.95 and a two-hundred day simple moving average of $35.21. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $38.55. The company has a market capitalization of $7.14 billion, a PE ratio of 30.13 and a beta of 0.92. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

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 EPS 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 during the quarter, compared to the consensus estimate of $206.37 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business's revenue was up 9.4% on a year-over-year basis. Analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.1242 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a yield of 3.9%. Stag Industrial's dividend payout ratio is 117.32%.

Analyst Ratings Changes

A number of research firms have commented on STAG. Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a report on Wednesday, October 1st. Weiss Ratings reissued a "hold (c+)" rating on shares of Stag Industrial in a report on Wednesday, October 8th. Evercore ISI raised their price target on Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Finally, Cantor Fitzgerald began coverage on Stag Industrial in a report on Wednesday, October 1st. They set a "neutral" rating and a $37.00 price target on the stock. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $38.00.

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.

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