Vanguard Group Inc. Sells 122,370 Shares of Stag Industrial, Inc. $STAG

Key Points

• Vanguard Group Inc. trimmed its position in Stag Industrial by 0.5%, selling 122,370 shares in Q4 and now holds 25,724,250 shares (a 13.77% stake) worth roughly $945.6 million.
• Insider selling has been notable: insiders disposed of 136,974 shares (~$5.35M) over the past 90 days, including CEO William R. Crooker’s sale of 93,732 shares (~$3.67M), leaving insiders with about 1.10% ownership.
• Operational and shareholder updates: Stag beat quarterly estimates with $0.32 EPS (vs. $0.23) and $224.21M revenue (+9% y/y), and declared a $0.3875 quarterly dividend (annualized $1.55, ~4.0% yield) despite a payout ratio near 120%.

Vanguard Group Inc. reduced its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 0.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 25,724,250 shares of the real estate investment trust's stock after selling 122,370 shares during the period. Vanguard Group Inc. owned 13.77% of Stag Industrial worth $945,623,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. Park Avenue Securities LLC boosted its holdings in shares of Stag Industrial by 3.5% during the 3rd quarter. Park Avenue Securities LLC now owns 7,639 shares of the real estate investment trust's stock worth $270,000 after buying an additional 260 shares during the period. Benjamin Edwards Inc. raised its stake in Stag Industrial by 4.7% during the 3rd quarter. Benjamin Edwards Inc. now owns 6,230 shares of the real estate investment trust's stock valued at $220,000 after purchasing an additional 282 shares during the last quarter. AlphaQuest LLC raised its stake in Stag Industrial by 3.3% during the 3rd quarter. AlphaQuest LLC now owns 10,875 shares of the real estate investment trust's stock valued at $384,000 after purchasing an additional 350 shares during the last quarter. IFG Advisory LLC raised its stake in Stag Industrial by 3.3% during the 3rd quarter. IFG Advisory LLC now owns 11,118 shares of the real estate investment trust's stock valued at $392,000 after purchasing an additional 351 shares during the last quarter. Finally, Merit Financial Group LLC raised its stake in Stag Industrial by 1.7% during the 3rd quarter. Merit Financial Group LLC now owns 21,924 shares of the real estate investment trust's stock valued at $774,000 after purchasing an additional 366 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Stag Industrial

In other news, Director Virgis Colbert sold 18,000 shares of the business's stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the sale, the director owned 4,210 shares in the company, valued at approximately $160,316.80. The trade was a 81.04% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO William R. Crooker sold 93,732 shares of the business's stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $39.17, for a total transaction of $3,671,482.44. The SEC filing for this sale provides additional information. Insiders have sold 136,974 shares of company stock valued at $5,345,904 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Trading Down 0.1%

Shares of Stag Industrial stock opened at $38.54 on Friday. The firm has a market capitalization of $7.37 billion, a PE ratio of 29.88 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.57 and a quick ratio of 1.90. The company's fifty day moving average price is $38.14 and its two-hundred day moving average price is $38.10. Stag Industrial, Inc. has a 52-week low of $33.06 and a 52-week high of $39.99.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.09. The firm had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.52 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business's revenue for the quarter was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, analysts expect that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial's payout ratio is 120.16%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on STAG shares. Wall Street Zen upgraded shares of Stag Industrial from a "sell" rating to a "hold" rating in a research note on Saturday, February 7th. Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a research note on Tuesday, February 17th. JPMorgan Chase & Co. upped their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the company a "neutral" rating in a research note on Thursday, February 19th. Evercore reiterated an "outperform" rating and set a $44.00 target price on shares of Stag Industrial in a research note on Wednesday. Finally, iA Financial set a $39.00 price target on shares of Stag Industrial in a report on Tuesday, January 13th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, Stag Industrial has an average rating of "Hold" and a consensus target price of $39.70.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.