Vert Asset Management LLC Reduces Position in Stag Industrial, Inc. $STAG

Vert Asset Management LLC lessened its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 8.0% during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 78,294 shares of the real estate investment trust’s stock after selling 6,827 shares during the quarter. Stag Industrial comprises 1.0% of Vert Asset Management LLC’s investment portfolio, making the stock its 25th biggest holding. Vert Asset Management LLC’s holdings in Stag Industrial were worth $2,841,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in 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 acquiring an additional 25,354 shares during the period. Versant Capital Management Inc lifted its position in 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 acquiring an additional 506 shares during the period. GAMMA Investing LLC lifted its position in 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 acquiring an additional 32,202 shares during the period. Parallel Advisors LLC lifted its position in 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 acquiring an additional 1,940 shares during the period. Finally, Rhumbline Advisers lifted its position in 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 acquiring an additional 2,224 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Performance

NYSE STAG opened at $35.80 on Thursday. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $39.21. The company has a market capitalization of $6.68 billion, a P/E ratio of 28.19 and a beta of 0.92. The business has a 50 day moving average price of $35.54 and a 200 day moving average price of $35.10. 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) 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 the consensus estimate of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The firm had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. During the same period last year, the business posted $0.61 EPS. Stag Industrial’s quarterly revenue was up 9.4% on a year-over-year basis. Sell-side analysts expect that Stag Industrial, Inc. will post 2.47 EPS 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 $0.1242 dividend. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Friday, August 29th. Stag Industrial’s dividend payout ratio (DPR) is presently 117.32%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STAG. Industrial Alliance Securities set a $37.00 price objective on Stag Industrial in a research report on Wednesday. Evercore ISI increased their price objective on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Finally, Cantor Fitzgerald began coverage on Stag Industrial in a research report on Wednesday. They set a “neutral” rating and a $37.00 price objective for the company. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and a consensus price target of $38.00.

Insider Activity at Stag Industrial

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

Stag Industrial 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.