Stag Industrial, Inc. $STAG Shares Sold by Aristotle Capital Boston LLC

Key Points

• Aristotle Capital Boston LLC reduced its Stag Industrial stake by 9.9% in the fourth quarter, selling 74,054 shares and leaving it with 677,516 shares valued at about $24.9 million.
• Stag Industrial reported stronger-than-expected quarterly results, posting EPS of $0.32 versus estimates of $0.23 and revenue of $224.2 million, with revenue up 9% year over year.
• The REIT declared a quarterly dividend of $0.3875 per share, implying an annualized yield of about 4.2%, while analysts currently rate the stock a consensus Hold with a $40.40 price target.

Aristotle Capital Boston LLC cut its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 9.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 677,516 shares of the real estate investment trust's stock after selling 74,054 shares during the quarter. Stag Industrial makes up 1.4% of Aristotle Capital Boston LLC's investment portfolio, making the stock its 20th biggest holding. Aristotle Capital Boston LLC owned about 0.35% of Stag Industrial worth $24,906,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Guggenheim Capital LLC lifted its position in Stag Industrial by 10.4% during the 4th quarter. Guggenheim Capital LLC now owns 78,357 shares of the real estate investment trust's stock worth $2,880,000 after acquiring an additional 7,389 shares during the period. AQR Capital Management LLC lifted its position in Stag Industrial by 26.8% during the 4th quarter. AQR Capital Management LLC now owns 454,530 shares of the real estate investment trust's stock worth $16,709,000 after acquiring an additional 95,994 shares during the period. Lazard Asset Management LLC lifted its position in Stag Industrial by 3.8% during the 4th quarter. Lazard Asset Management LLC now owns 33,846 shares of the real estate investment trust's stock worth $1,244,000 after acquiring an additional 1,231 shares during the period. TCW Group Inc. lifted its position in Stag Industrial by 15.7% during the 4th quarter. TCW Group Inc. now owns 88,651 shares of the real estate investment trust's stock worth $3,259,000 after acquiring an additional 12,057 shares during the period. Finally, Amundi lifted its position in Stag Industrial by 1.7% during the 4th quarter. Amundi now owns 101,897 shares of the real estate investment trust's stock worth $3,746,000 after acquiring an additional 1,683 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

Shares of STAG stock opened at $37.24 on Thursday. The company has a market cap of $7.12 billion, a price-to-earnings ratio of 28.87 and a beta of 0.98. The stock has a 50 day simple moving average of $38.24 and a 200-day simple moving average of $37.98. Stag Industrial, Inc. has a 12-month low of $33.72 and a 12-month high of $39.99. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.23 by $0.09. The business had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.52 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company's revenue for the quarter was up 9.0% on a year-over-year basis. During the same period in the prior year, the business posted $0.61 EPS. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

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 paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial's dividend payout ratio (DPR) is presently 120.16%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on STAG. Raymond James Financial set a $44.00 price objective on Stag Industrial in a research report on Wednesday. Barclays decreased their price objective on Stag Industrial from $39.00 to $38.00 and set an "underweight" rating for the company in a research report on Tuesday, May 5th. 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 report on Thursday, February 19th. Wells Fargo & Company decreased their price objective on Stag Industrial from $41.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday, June 1st. Finally, Evercore reaffirmed an "outperform" rating and set a $44.00 price objective on shares of Stag Industrial in a research report on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat, Stag Industrial presently has an average rating of "Hold" and a consensus price target of $40.40.

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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