TD Private Client Wealth LLC Purchases Shares of 10,137 Stag Industrial, Inc. $STAG

Key Points

• TD Private Client Wealth LLC has acquired 10,137 shares of Stag Industrial, Inc. valued at approximately $368,000 in the second quarter.
• Stag Industrial reported earnings of $0.63 per share for the last quarter, meeting analysts' expectations, alongside a year-over-year revenue increase of 9.4%.
• The company recently announced a monthly dividend of $0.1242 per share, representing an annualized yield of 4.3% and a payout ratio of 117.32%.

TD Private Client Wealth LLC acquired a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 10,137 shares of the real estate investment trust's stock, valued at approximately $368,000.

Several other large investors have also modified their holdings of STAG. Nuveen LLC bought a new stake in shares of Stag Industrial during the 1st quarter worth $129,972,000. Cbre Investment Management Listed Real Assets LLC raised its holdings in shares of Stag Industrial by 152.1% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,938,350 shares of the real estate investment trust's stock worth $70,013,000 after acquiring an additional 1,169,533 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Stag Industrial by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust's stock worth $60,391,000 after acquiring an additional 451,355 shares in the last quarter. Boston Trust Walden Corp raised its holdings in shares of Stag Industrial by 17.5% during the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock worth $106,283,000 after acquiring an additional 437,527 shares in the last quarter. Finally, American Century Companies Inc. raised its holdings in shares of Stag Industrial by 606.8% during the first quarter. American Century Companies Inc. now owns 445,853 shares of the real estate investment trust's stock worth $16,104,000 after acquiring an additional 382,771 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Stag Industrial Stock Up 1.0%

STAG stock opened at $34.87 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The business's 50-day simple moving average is $35.59 and its 200 day simple moving average is $35.10. The company has a market cap of $6.51 billion, a PE ratio of 27.46 and a beta of 0.94. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.68.

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 company had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company's quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.61 earnings per share. On average, research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a dividend of $0.1242 per share. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 4.3%. Stag Industrial's payout ratio is presently 117.32%.

Insider Buying and Selling at Stag Industrial

In other Stag Industrial news, Director Larry T. Guillemette sold 2,004 shares of the company's stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the sale, the director owned 38,666 shares in the company, valued at approximately $1,361,043.20. The trade was a 4.93% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin S. Butcher sold 25,000 shares of the company's stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the sale, the director owned 7,562 shares of the company's stock, valued at $279,113.42. The trade was a 76.78% decrease in their position. The disclosure for this sale can be found here. Insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Evercore ISI raised their target price on Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $38.33.

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.

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