Vanguard Group Inc. Purchases 347,729 Shares of Stag Industrial, Inc. (NYSE:STAG)

Key Points

• Vanguard Group Inc. increased its holdings in Stag Industrial by 1.3%, now owning 14.03% of the company, valued at approximately $945.57 million.
• Stag Industrial reported quarterly earnings of $0.63 per share, matching analyst expectations, with revenue up 9.4% year-over-year to $207.44 million.
• The company announced a dividend of $0.1242 to be paid on August 15th, representing a significant dividend yield of 422.0%, though the payout ratio stands at 117.32%.

Vanguard Group Inc. boosted its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 1.3% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 26,178,628 shares of the real estate investment trust's stock after acquiring an additional 347,729 shares during the period. Vanguard Group Inc. owned 14.03% of Stag Industrial worth $945,572,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Earnest Partners LLC raised its stake in Stag Industrial by 6.6% in the 4th quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock valued at $128,361,000 after acquiring an additional 235,622 shares during the period. Nuveen Asset Management LLC raised its stake in Stag Industrial by 5.9% in the 4th quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock valued at $124,445,000 after acquiring an additional 204,948 shares during the period. Boston Trust Walden Corp raised its stake in Stag Industrial by 17.5% in the 1st quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock valued at $106,283,000 after acquiring an additional 437,527 shares during the period. Northern Trust Corp raised its stake in Stag Industrial by 33.3% in the 4th quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock valued at $70,685,000 after acquiring an additional 522,568 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its stake in Stag Industrial by 12.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 2,059,849 shares of the real estate investment trust's stock valued at $74,401,000 after acquiring an additional 229,455 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Price Performance

Shares of STAG stock traded down $0.07 during trading on Friday, hitting $34.74. The company had a trading volume of 1,473,285 shares, compared to its average volume of 1,411,543. 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 stock's 50-day moving average is $35.80 and its two-hundred day moving average is $34.98. The stock has a market capitalization of $6.49 billion, a price-to-earnings ratio of 27.35 and a beta of 0.91. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $40.75.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting analysts' consensus estimates of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business had revenue of $207.44 million for the quarter, compared to analysts' expectations of $206.37 million. During the same period last year, the business earned $0.61 earnings per share. The business's quarterly revenue was up 9.4% on a year-over-year basis. As a group, analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently declared a dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were given a dividend of $0.1242 per share. This represents a yield of 422.0%. The ex-dividend date was Thursday, July 31st. Stag Industrial's dividend payout ratio (DPR) is presently 117.32%.

Insider Buying and Selling

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the transaction, the director directly owned 7,115 shares in the company, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

STAG has been the topic of a number of recent analyst reports. Robert W. Baird lowered their price target on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Raymond James Financial increased their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Evercore ISI increased their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, July 30th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $38.17.

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.