Stag Industrial, Inc. $STAG Stock Position Reduced by Boston Trust Walden Corp

Key Points

• Boston Trust Walden reduced its STAG position by 4.6%, selling 113,220 shares, but retained 2.33 million shares valued at about $83.3 million.
• STAG reported quarterly EPS of $0.37, below the $0.66 consensus, while revenue of $231.1 million beat expectations and rose 9.4% year over year. The company declared a $0.3875 quarterly dividend, equivalent to a 4.1% yield.
• Analysts’ consensus rating was Hold, with an average price target of $41.20.

Boston Trust Walden Corp lessened its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 2,327,259 shares of the real estate investment trust's stock after selling 113,220 shares during the quarter. Boston Trust Walden Corp owned 1.21% of Stag Industrial worth $83,339,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its stake in shares of Stag Industrial by 1.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 39,931 shares of the real estate investment trust's stock worth $1,430,000 after acquiring an additional 400 shares during the last quarter. Next Level Wealth Planning LLC purchased a new position in shares of Stag Industrial in the 3rd quarter valued at approximately $36,000. Sumitomo Mitsui Trust Group Inc. raised its position in shares of Stag Industrial by 574.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,382,316 shares of the real estate investment trust's stock valued at $49,501,000 after purchasing an additional 1,177,250 shares during the last quarter. Vise Technologies Inc. raised its position in shares of Stag Industrial by 73.0% in the 3rd quarter. Vise Technologies Inc. now owns 10,396 shares of the real estate investment trust's stock valued at $372,000 after purchasing an additional 4,387 shares during the last quarter. Finally, MGO One Seven LLC boosted its stake in Stag Industrial by 4.1% in the 3rd quarter. MGO One Seven LLC now owns 10,594 shares of the real estate investment trust's stock worth $379,000 after purchasing an additional 415 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Stag Industrial Stock Up 1.2%

Shares of STAG stock opened at $37.85 on Thursday. The stock's 50-day simple moving average is $36.76 and its 200-day simple moving average is $37.88. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $7.30 billion, a PE ratio of 26.84 and a beta of 0.91. Stag Industrial, Inc. has a fifty-two week low of $35.14 and a fifty-two week high of $42.61.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.37 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.66 by ($0.29). Stag Industrial had a return on equity of 7.28% and a net margin of 29.88%. The firm had revenue of $231.05 million during the quarter, compared to analysts' expectations of $227.16 million. During the same quarter in the previous year, the business earned $0.65 earnings per share. The company's revenue for the quarter was up 9.4% compared to the same quarter last year. Equities analysts expect that Stag Industrial, Inc. will post 2.64 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.1%. The ex-dividend date is Thursday, December 31st. Stag Industrial's dividend payout ratio is 109.93%.

Analyst Ratings Changes

STAG has been the topic of several research analyst reports. Wall Street Zen raised shares of Stag Industrial from a "sell" rating to a "hold" rating in a research report on Saturday, September 5th. Wells Fargo & Company cut their price target on shares of Stag Industrial from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Tuesday, September 1st. Evercore reaffirmed an "outperform" rating on shares of Stag Industrial in a report on Monday, September 14th. Weiss Ratings downgraded shares of Stag Industrial from a "buy (b-)" rating to a "hold (c+)" rating in a research note on Friday, September 25th. Finally, Robert W. Baird upgraded shares of Stag Industrial from a "neutral" rating to an "outperform" rating and set a $42.00 price objective for the company in a research note on Monday, August 31st. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has an average rating of "Hold" and a consensus price target of $41.20.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial's business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.

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