Vanderbilt University Decreases Position in Stag Industrial, Inc. $STAG

Key Points

• Vanderbilt University has reduced its stake in Stag Industrial, Inc. by 50.0%, now holding 23,344 shares valued at approximately $847,000.
• Insider activity includes the sale of 25,000 shares by Director Benjamin S. Butcher, representing a 76.78% decrease in his ownership.
• Stag Industrial reported $0.63 earnings per share for the last quarter, meeting analysts' expectations, with a 9.4% increase in revenue compared to the same quarter last year.

Vanderbilt University lessened its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 50.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 23,344 shares of the real estate investment trust's stock after selling 23,352 shares during the period. Vanderbilt University's holdings in Stag Industrial were worth $847,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its position in shares of Stag Industrial by 24.5% during the 4th quarter. Wellington Management Group LLP now owns 128,794 shares of the real estate investment trust's stock worth $4,356,000 after purchasing an additional 25,354 shares during the last quarter. Versant Capital Management Inc lifted its position in shares of Stag Industrial by 204.9% during the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 506 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Stag Industrial by 3,246.2% during the 1st quarter. GAMMA Investing LLC now owns 33,194 shares of the real estate investment trust's stock worth $1,199,000 after purchasing an additional 32,202 shares during the last quarter. Parallel Advisors LLC lifted its position in shares of Stag Industrial by 74.4% during the 1st quarter. Parallel Advisors LLC now owns 4,549 shares of the real estate investment trust's stock worth $164,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Rhumbline Advisers lifted its position in shares of Stag Industrial by 0.4% during the 1st quarter. Rhumbline Advisers now owns 531,270 shares of the real estate investment trust's stock worth $19,189,000 after purchasing an additional 2,224 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insider Activity at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of Stag Industrial stock in a transaction that occurred 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 transaction, the director directly owned 7,562 shares of the company's stock, valued at $279,113.42. The trade was a 76.78% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Larry T. Guillemette sold 2,004 shares of Stag Industrial stock in a transaction that occurred 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 transaction, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

Stag Industrial Stock Up 0.4%

STAG stock opened at $35.89 on Friday. The company's 50 day simple moving average is $35.55 and its 200-day simple moving average is $35.10. The firm has a market capitalization of $6.70 billion, a PE ratio of 28.26 and a beta of 0.92. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.21. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company'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. Equities analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were paid a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 4.2%. Stag Industrial's dividend payout ratio is presently 117.32%.

Analyst Upgrades and Downgrades

Several brokerages recently commented on STAG. Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research note on Wednesday. Cantor Fitzgerald started coverage on Stag Industrial in a research report on Wednesday. They set a "neutral" rating and a $37.00 price objective for the company. Finally, Evercore ISI raised their price objective on shares of Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $38.00.

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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