Stag Industrial, Inc. $STAG Position Lessened by Alyeska Investment Group L.P.

Key Points

• Alyeska Investment Group L.P. reduced its stake in Stag Industrial, Inc. by 3.8%, leaving it with 977,480 shares worth approximately $35.31 million after selling 39,003 shares.
• Stag Industrial reported a quarterly earnings per share (EPS) of $0.63, meeting expectations, and achieved a 9.4% year-over-year revenue increase to $207.44 million.
• The company declared a monthly dividend of $0.1242, representing an annualized yield of 4.1%, despite a payout ratio of 117.32%.

Alyeska Investment Group L.P. decreased its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 3.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 977,480 shares of the real estate investment trust's stock after selling 39,003 shares during the period. Alyeska Investment Group L.P. owned 0.52% of Stag Industrial worth $35,307,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in STAG. Versant Capital Management Inc lifted its holdings in shares of Stag Industrial by 204.9% in the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 506 shares during the last quarter. Tsfg LLC bought a new stake in shares of Stag Industrial in the 1st quarter worth approximately $32,000. Garde Capital Inc. bought a new stake in shares of Stag Industrial in the 1st quarter worth approximately $33,000. Avalon Trust Co bought a new stake in shares of Stag Industrial in the 1st quarter worth approximately $36,000. Finally, Keystone Global Partners LLC bought a new stake in shares of Stag Industrial in the 1st quarter worth approximately $41,000. Institutional investors own 88.67% of the company's stock.

Stag Industrial Stock Up 1.0%

Shares of STAG stock opened at $36.47 on Thursday. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $40.49. The stock has a market cap of $6.81 billion, a PE ratio of 28.72 and a beta of 0.94. The business's fifty day moving average is $35.75 and its 200-day moving average is $35.12. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) 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 analysts' expectations of $206.37 million. During the same period last year, the firm earned $0.61 EPS. The firm's revenue for the quarter was up 9.4% on a year-over-year basis. Equities analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, September 15th. Investors of record on Friday, August 29th will be issued a $0.1242 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, August 29th. Stag Industrial's payout ratio is presently 117.32%.

Analysts Set New Price Targets

STAG has been the topic of several recent analyst reports. Raymond James Financial lifted their target price on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Robert W. Baird cut their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Evercore ISI lifted their target price on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, July 30th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. Based on data from MarketBeat, Stag Industrial currently has a consensus rating of "Hold" and an average target price of $38.17.

Insider Activity

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

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