Federation des caisses Desjardins du Quebec Increases Stock Holdings in Stag Industrial, Inc. $STAG

Key Points

• The Federation des caisses Desjardins du Quebec increased its stake in Stag Industrial by 23.1% during Q1, owning 50,657 shares valued at approximately $1,830,000.
• Stag Industrial reported a quarterly EPS of $0.63, meeting analysts' expectations, and achieved revenue of $207.44 million, a 9.4% increase year-over-year.
• The company declared a monthly dividend of $0.1242, with an annual yield of 4.0%, although its payout ratio currently stands at 117.32%.

Federation des caisses Desjardins du Quebec increased its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 23.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 50,657 shares of the real estate investment trust's stock after purchasing an additional 9,520 shares during the period. Federation des caisses Desjardins du Quebec's holdings in Stag Industrial were worth $1,830,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas increased its position in shares of Stag Industrial by 55.3% in the first quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust's stock worth $1,435,000 after purchasing an additional 14,155 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Stag Industrial by 2.7% in the first quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock worth $15,497,000 after purchasing an additional 11,408 shares during the last quarter. Janney Montgomery Scott LLC increased its position in shares of Stag Industrial by 4.7% in the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock worth $459,000 after purchasing an additional 571 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its position in shares of Stag Industrial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock worth $587,000 after purchasing an additional 1,295 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Stag Industrial by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust's stock worth $116,024,000 after purchasing an additional 87,659 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STAG. Evercore ISI upped their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. 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. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $38.17.

Insider Buying and Selling at Stag Industrial

In other news, Director Benjamin S. Butcher sold 25,000 shares of the 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 completion of the sale, the director owned 7,562 shares of the company's stock, valued at approximately $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Stag Industrial Trading Down 0.4%

Shares of NYSE:STAG traded down $0.16 during trading on Friday, reaching $36.27. 718,118 shares of the company traded hands, compared to its average volume of 1,103,012. The firm has a market capitalization of $6.77 billion, a price-to-earnings ratio of 28.56 and a beta of 0.94. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $40.40. 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 business's fifty day moving average is $35.74 and its 200-day moving average is $35.18.

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 earnings per share for the quarter, meeting analysts' consensus estimates of $0.63. The firm had revenue of $207.44 million during 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 earnings per share. As a group, analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

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

Stag Industrial Company 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.