28,309 Shares in Stag Industrial, Inc. (NYSE:STAG) Acquired by TCW Group Inc.

Key Points

• TCW Group Inc. recently acquired 28,309 shares of Stag Industrial, Inc., valued at approximately $1,023,000, highlighting increased interest from institutional investors in the company.
• Stag Industrial announced a $0.1242 dividend to be paid on August 15th, representing a yield of 4.22%, with a payout ratio currently at 112.03%.
• Recent analyst reports have resulted in a mixed outlook for Stag Industrial, with price targets set around $38 and a consensus rating indicating a "Hold" position for the stock.

TCW Group Inc. purchased a new position in Stag Industrial, Inc. (NYSE:STAG - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 28,309 shares of the real estate investment trust's stock, valued at approximately $1,023,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Versant Capital Management Inc raised its position in Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 506 shares in the last quarter. Tsfg LLC bought a new stake in Stag Industrial in the first quarter worth about $32,000. Garde Capital Inc. bought a new stake in Stag Industrial in the first quarter worth about $33,000. Proathlete Wealth Management LLC bought a new stake in Stag Industrial in the first quarter worth about $47,000. Finally, Quarry LP bought a new stake in Stag Industrial in the fourth quarter worth about $62,000. Institutional investors own 88.67% of the company's stock.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction that occurred on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the sale, the director owned 7,115 shares in the company, valued at $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

STAG has been the topic of several recent analyst reports. Robert W. Baird cut their price objective on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Evercore ISI boosted their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday. Royal Bank Of Canada restated a "sector perform" rating and set a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Finally, Raymond James Financial upped their target price on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $39.14.

Stag Industrial Price Performance

Stag Industrial stock traded up $0.05 during mid-day trading on Friday, hitting $34.38. 1,273,273 shares of the company were exchanged, compared to its average volume of 1,505,798. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $35.98 and a 200 day moving average of $34.94. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $40.95. The company has a market capitalization of $6.42 billion, a PE ratio of 27.05 and a beta of 0.93.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its earnings results 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 company 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 firm's quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company posted $0.61 earnings per share. As a group, sell-side analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be paid a $0.1242 dividend. The ex-dividend date is Thursday, July 31st. This represents a yield of 422.0%. Stag Industrial's payout ratio is presently 112.03%.

About Stag Industrial

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.