Vanguard Group Inc. Cuts Stock Holdings in Stag Industrial, Inc. $STAG

Vanguard Group Inc. decreased its position in Stag Industrial, Inc. (NYSE:STAG) by 1.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 25,846,620 shares of the real estate investment trust’s stock after selling 281,207 shares during the quarter. Vanguard Group Inc. owned about 0.14% of Stag Industrial worth $912,127,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in STAG. State Street Corp lifted its position in shares of Stag Industrial by 1.5% during the second quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock valued at $347,261,000 after purchasing an additional 142,132 shares in the last quarter. Norges Bank bought a new stake in Stag Industrial in the 2nd quarter worth about $282,893,000. Alliancebernstein L.P. increased its stake in Stag Industrial by 4.3% in the 2nd quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock valued at $143,339,000 after buying an additional 162,887 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Stag Industrial by 1.3% during the 2nd quarter. Geode Capital Management LLC now owns 3,684,395 shares of the real estate investment trust’s stock worth $133,690,000 after buying an additional 46,713 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC lifted its position in shares of Stag Industrial by 82.3% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock worth $128,199,000 after buying an additional 1,595,238 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

STAG has been the subject of several recent analyst reports. iA Financial set a $39.00 target price on Stag Industrial in a report on Tuesday, January 13th. Evercore reissued an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Barclays reaffirmed an “underweight” rating and set a $39.00 target price (down from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. Robert W. Baird set a $40.00 target price on Stag Industrial in a research note on Tuesday, February 17th. Finally, Royal Bank Of Canada increased their price target on shares of Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Stag Industrial has a consensus rating of “Hold” and a consensus price target of $39.50.

Stag Industrial Stock Performance

NYSE:STAG opened at $39.54 on Monday. The company has a market capitalization of $7.55 billion, a P/E ratio of 27.08 and a beta of 1.06. The business has a fifty day simple moving average of $37.70 and a two-hundred day simple moving average of $37.32. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.88.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The firm had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $213.66 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 10.8% compared to the same quarter last year. On average, analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is currently 102.05%.

About Stag Industrial

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.