Frontier Capital Management Co. LLC Acquires 310,580 Shares of Stag Industrial, Inc. $STAG

Frontier Capital Management Co. LLC raised its holdings in Stag Industrial, Inc. (NYSE:STAG) by 24.3% during the second quarter, Holdings Channel.com reports. The fund owned 1,588,429 shares of the real estate investment trust’s stock after purchasing an additional 310,580 shares during the period. Frontier Capital Management Co. LLC’s holdings in Stag Industrial were worth $57,628,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. NewEdge Advisors LLC lifted its stake in shares of Stag Industrial by 4.5% in the 2nd quarter. NewEdge Advisors LLC now owns 10,398 shares of the real estate investment trust’s stock valued at $377,000 after purchasing an additional 446 shares during the period. AXA S.A. increased its stake in shares of Stag Industrial by 55.9% in the 2nd quarter. AXA S.A. now owns 444,883 shares of the real estate investment trust’s stock valued at $16,140,000 after acquiring an additional 159,580 shares during the last quarter. State Street Corp boosted its stake in Stag Industrial by 1.5% during the 2nd quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock worth $347,261,000 after acquiring an additional 142,132 shares during the last quarter. California Public Employees Retirement System increased its stake in Stag Industrial by 16.7% in the second quarter. California Public Employees Retirement System now owns 327,127 shares of the real estate investment trust’s stock valued at $11,868,000 after purchasing an additional 46,764 shares in the last quarter. Finally, Gabelli Funds LLC acquired a new position in shares of Stag Industrial in the 2nd quarter valued at $5,579,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Performance

Shares of STAG opened at $38.74 on Thursday. The firm has a fifty day simple moving average of $38.22 and a 200 day simple moving average of $36.66. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.73. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $7.23 billion, a price-to-earnings ratio of 29.80 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.63 by $0.02. The firm had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The business’s quarterly revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.60 earnings per share. Research analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. Stag Industrial’s dividend payout ratio (DPR) is currently 114.62%.

Insiders Place Their Bets

In other news, EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total transaction 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 trade represents a 58.25% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the sale, the director 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 is available in the SEC filing. 1.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on STAG shares. Robert W. Baird boosted their target price on Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research note on Tuesday, November 4th. Royal Bank Of Canada boosted their price objective on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a report on Wednesday, October 1st. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Wells Fargo & Company raised their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $38.89.

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.