Moors & Cabot Inc. Decreases Position in Stag Industrial, Inc. (NYSE:STAG)

Key Points

• Moors & Cabot Inc. reduced its stake in Stag Industrial by 23.0%, selling 18,669 shares in the first quarter, leaving it with 62,583 shares valued at approximately $2.26 million.
• Stag Industrial's most recent earnings report showed EPS of $0.63, meeting consensus estimates, with revenue of $207.44 million, marking a 9.4% year-over-year increase.
• The company declared a dividend of $0.1242 per share, with a yield of 422.0%, and a dividend payout ratio of 112.03%.

Moors & Cabot Inc. lowered its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 23.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 62,583 shares of the real estate investment trust's stock after selling 18,669 shares during the quarter. Moors & Cabot Inc.'s holdings in Stag Industrial were worth $2,260,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Signaturefd LLC raised its position in shares of Stag Industrial by 14.0% in the 1st quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust's stock valued at $93,000 after buying an additional 317 shares in the last quarter. Synovus Financial Corp raised its holdings in Stag Industrial by 1.8% during the fourth quarter. Synovus Financial Corp now owns 21,695 shares of the real estate investment trust's stock worth $734,000 after buying an additional 377 shares during the last quarter. Securian Asset Management Inc. raised its holdings in shares of Stag Industrial by 2.9% in the first quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust's stock valued at $512,000 after purchasing an additional 395 shares during the last quarter. Integrated Advisors Network LLC raised its holdings in shares of Stag Industrial by 3.5% in the fourth quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust's stock valued at $395,000 after purchasing an additional 398 shares during the last quarter. Finally, PFG Investments LLC grew its position in Stag Industrial by 5.4% during the first quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust's stock valued at $300,000 after buying an additional 429 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on STAG. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Robert W. Baird dropped their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Raymond James Financial upped their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, 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 note on Wednesday, July 30th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $39.14.

Stag Industrial Stock Up 0.8%

Shares of STAG stock traded up $0.29 during trading hours on Tuesday, reaching $35.16. 386,638 shares of the company's stock were exchanged, compared to its average volume of 1,504,910. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $40.75. The stock has a market cap of $6.56 billion, a PE ratio of 27.68 and a beta of 0.91. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The stock's fifty day moving average price is $36.00 and its two-hundred day moving average price is $34.96.

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, hitting the consensus estimate of $0.63. The business had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%. The business's quarterly revenue was up 9.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.61 EPS. Research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently announced a dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.1242 per share. This represents a yield of 422.0%. The ex-dividend date is Thursday, July 31st. Stag Industrial's dividend payout ratio (DPR) is 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 stock was 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 approximately $262,543.50. This trade represents a 80.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

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.