Free Trial

Pacer Advisors Inc. Cuts Stake in Stag Industrial, Inc. (NYSE:STAG)

Stag Industrial logo with Finance background

Key Points

  • Pacer Advisors Inc. reduced its stake in Stag Industrial, Inc. by 12.5%, selling 20,101 shares and holding 141,264 shares valued at approximately $5.1 million by the end of the quarter.
  • Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial, reflecting an 80.21% decrease in his ownership, with shares sold at an average price of $36.90.
  • The company reported a 9.7% year-over-year increase in quarterly revenue, amounting to $205.57 million, and an earnings per share (EPS) of $0.61, beating expectations.
  • MarketBeat previews top five stocks to own in September.

Pacer Advisors Inc. trimmed its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 12.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 141,264 shares of the real estate investment trust's stock after selling 20,101 shares during the quarter. Pacer Advisors Inc. owned approximately 0.08% of Stag Industrial worth $5,102,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. American Century Companies Inc. increased its stake in shares of Stag Industrial by 3.4% during the fourth quarter. American Century Companies Inc. now owns 63,082 shares of the real estate investment trust's stock valued at $2,133,000 after purchasing an additional 2,045 shares in the last quarter. LPL Financial LLC grew its stake in shares of Stag Industrial by 10.3% in the fourth quarter. LPL Financial LLC now owns 136,261 shares of the real estate investment trust's stock worth $4,608,000 after acquiring an additional 12,735 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Stag Industrial by 2.4% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 120,349 shares of the real estate investment trust's stock worth $4,017,000 after acquiring an additional 2,784 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Stag Industrial by 33.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,004,562 shares of the real estate investment trust's stock valued at $33,974,000 after acquiring an additional 251,992 shares in the last quarter. Finally, Norges Bank purchased a new position in shares of Stag Industrial in the 4th quarter worth about $75,471,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction on 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 of the company's stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Evercore ISI upped their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday. Royal Bank Of Canada reissued a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Raymond James Financial raised their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird dropped their target price 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. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Stag Industrial currently has a consensus rating of "Hold" and a consensus target price of $39.14.

Read Our Latest Stock Analysis on Stag Industrial

Stag Industrial Stock Performance

NYSE:STAG traded up $0.13 during mid-day trading on Friday, hitting $34.46. 1,147,361 shares of the company traded hands, compared to its average volume of 1,504,507. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The stock's fifty day moving average price is $35.98 and its 200-day moving average price is $34.94. The firm has a market cap of $6.43 billion, a price-to-earnings ratio of 27.13 and a beta of 0.93. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $40.95.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.63. The company had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%. The firm's revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.61 EPS. Research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be given a dividend of $0.1242 per share. This represents a dividend yield of 422.0%. The ex-dividend date is Thursday, July 31st. Stag Industrial's dividend payout ratio (DPR) is presently 112.03%.

Stag Industrial Company Profile

(Free Report)

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.

Featured Articles

Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

Should You Invest $1,000 in Stag Industrial Right Now?

Before you consider Stag Industrial, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Stag Industrial wasn't on the list.

While Stag Industrial currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Beginner's Guide To Retirement Stocks Cover

Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

5 Stocks to BUY NOW in August 2025
The $2.5B Merger No One Is Talking About
ALERT: Big Tech Earnings – Watch Before Wednesday

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines