Stag Industrial, Inc. $STAG Position Increased by Strs Ohio

Key Points

• Strs Ohio boosted its stake in Stag Industrial by 647.7% in Q4, ending the quarter with 33,371 shares worth about $1.23 million per its latest Form 13F.
• Stag reported quarterly EPS of $0.32 (beat consensus of $0.23) and revenue of $224.21M (vs. $221.52M), with revenue up 9% year-over-year; analysts' consensus rating is a Hold with an average price target of $39.78.
• Insiders sold a total of 136,974 shares (~$5.35M) over the last quarter, while the company pays a quarterly dividend of $0.3875 (annualized $1.55, yield 4.0%) with a payout ratio of 120.16%.

Strs Ohio grew its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 647.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,371 shares of the real estate investment trust's stock after buying an additional 28,908 shares during the quarter. Strs Ohio's holdings in Stag Industrial were worth $1,227,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of Stag Industrial in the 3rd quarter valued at approximately $27,000. Root Financial Partners LLC purchased a new position in Stag Industrial during the 3rd quarter worth approximately $43,000. EverSource Wealth Advisors LLC grew its position in Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 1,048 shares in the last quarter. Covestor Ltd raised its stake in Stag Industrial by 98.5% during the 3rd quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 878 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Stag Industrial by 76.4% during the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust's stock valued at $62,000 after purchasing an additional 764 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Stag Industrial

In related news, EVP Matts Pinard sold 25,242 shares of Stag Industrial stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the sale, the executive vice president owned 951 shares of the company's stock, valued at approximately $37,260.18. The trade was a 96.37% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Virgis Colbert sold 18,000 shares of the company's stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total transaction of $685,440.00. Following the completion of the sale, the director owned 4,210 shares of the company's stock, valued at $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 136,974 shares of company stock valued at $5,345,904. 1.10% of the stock is currently owned by corporate insiders.

Stag Industrial Trading Up 1.4%

Stag Industrial stock opened at $38.58 on Thursday. Stag Industrial, Inc. has a 12 month low of $33.19 and a 12 month high of $39.99. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.38 billion, a P/E ratio of 29.91 and a beta of 1.00. The company's fifty day simple moving average is $38.10 and its 200-day simple moving average is $38.13.

Stag Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The firm had revenue of $224.21 million during the quarter, compared to analysts' expectations of $221.52 million. During the same quarter last year, the firm earned $0.61 earnings per share. The business's revenue for the quarter was up 9.0% on a year-over-year basis. As a group, sell-side analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 dividend on an annualized basis and a yield of 4.0%. Stag Industrial's dividend payout ratio is currently 120.16%.

Analysts Set New Price Targets

Several analysts have recently commented on STAG shares. iA Financial set a $39.00 target price on Stag Industrial in a research report on Tuesday, January 13th. Robert W. Baird set a $40.00 price target on Stag Industrial in a research report on Tuesday, February 17th. JPMorgan Chase & Co. increased their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock a "neutral" rating in a research note on Thursday, February 19th. Wall Street Zen upgraded Stag Industrial from a "sell" rating to a "hold" rating in a research report on Saturday, February 7th. Finally, Evercore reaffirmed an "outperform" rating and set a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $39.78.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.

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