Ensign Peak Advisors Inc Decreases Stock Holdings in Stag Industrial, Inc. $STAG

Ensign Peak Advisors Inc reduced its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 4.4% in the second quarter, HoldingsChannel.com reports. The firm owned 65,511 shares of the real estate investment trust’s stock after selling 3,050 shares during the period. Ensign Peak Advisors Inc’s holdings in Stag Industrial were worth $2,377,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of STAG. FineMark National Bank & Trust increased its holdings in Stag Industrial by 0.4% during the 2nd quarter. FineMark National Bank & Trust now owns 158,583 shares of the real estate investment trust’s stock valued at $5,753,000 after purchasing an additional 580 shares during the period. Greenland Capital Management LP increased its stake in shares of Stag Industrial by 52.9% during the second quarter. Greenland Capital Management LP now owns 146,327 shares of the real estate investment trust’s stock valued at $5,309,000 after buying an additional 50,639 shares during the period. Intrust Bank NA raised its holdings in shares of Stag Industrial by 17.4% during the second quarter. Intrust Bank NA now owns 13,771 shares of the real estate investment trust’s stock valued at $500,000 after acquiring an additional 2,042 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Stag Industrial by 4.5% during the second quarter. Nomura Asset Management Co. Ltd. now owns 271,549 shares of the real estate investment trust’s stock valued at $9,852,000 after acquiring an additional 11,579 shares in the last quarter. Finally, Rockefeller Capital Management L.P. boosted its holdings in Stag Industrial by 32.5% in the second quarter. Rockefeller Capital Management L.P. now owns 27,978 shares of the real estate investment trust’s stock valued at $1,015,000 after acquiring an additional 6,862 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

STAG has been the subject of several research reports. Cantor Fitzgerald assumed coverage on shares of Stag Industrial in a report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price objective for the company. Wells Fargo & Company boosted their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Monday, November 10th. Robert W. Baird increased their price target on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Citigroup lifted their price objective on Stag Industrial from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, November 11th. Finally, Evercore ISI upped their target price on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, Stag Industrial has a consensus rating of “Hold” and a consensus target price of $38.89.

Insider Activity at Stag Industrial

In other news, EVP Michael Chase sold 13,144 shares of the stock in a transaction on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total value of $509,330.00. Following the sale, the executive vice president directly owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. This represents a 58.25% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, 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 ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,148 shares of company stock valued at $1,502,621 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Stag Industrial Stock Up 0.5%

Shares of Stag Industrial stock opened at $39.46 on Thursday. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.73. The firm has a market cap of $7.37 billion, a price-to-earnings ratio of 30.35 and a beta of 0.95. The company has a 50-day moving average of $37.46 and a 200 day moving average of $36.40. 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 posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.63 by $0.02. Stag Industrial had a net margin of 29.24% and a return on equity of 6.82%. The business had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Stag Industrial’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.1242 dividend. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.8%. Stag Industrial’s dividend payout ratio is presently 114.62%.

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.