Stag Industrial, Inc. $STAG Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP trimmed its holdings in Stag Industrial, Inc. (NYSE:STAG) by 29.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 166,199 shares of the real estate investment trust’s stock after selling 69,484 shares during the period. Westfield Capital Management Co. LP owned 0.09% of Stag Industrial worth $5,865,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Root Financial Partners LLC acquired a new position in Stag Industrial in the 3rd quarter valued at about $43,000. EverSource Wealth Advisors LLC increased its holdings in shares of Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,048 shares during the period. Covestor Ltd raised its stake in shares of Stag Industrial by 98.5% during the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 878 shares during the last quarter. Huntington National Bank lifted its holdings in shares of Stag Industrial by 23.2% during the second quarter. Huntington National Bank now owns 3,495 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 659 shares during the period. Finally, Aew Capital Management L P lifted its holdings in shares of Stag Industrial by 19.4% during the third quarter. Aew Capital Management L P now owns 4,300 shares of the real estate investment trust’s stock worth $152,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insiders Place Their Bets

In other Stag Industrial news, EVP Matts Pinard sold 25,242 shares of the company’s stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.18, for a total value of $988,981.56. Following the sale, the executive vice president owned 951 shares of the company’s stock, valued at $37,260.18. This represents a 96.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Virgis Colbert sold 18,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total transaction of $685,440.00. Following the transaction, the director directly owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. This trade represents a 81.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 136,974 shares of company stock worth $5,345,904. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have commented on STAG. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Barclays reissued an “underweight” rating and set a $39.00 price target (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Wells Fargo & Company lifted their price objective on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. iA Financial set a $39.00 target price on Stag Industrial in a research report on Tuesday, January 13th. Finally, Evercore reissued an “outperform” rating on shares of Stag Industrial in a research note on Friday, February 13th. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Stag Industrial has an average rating of “Hold” and an average price target of $39.50.

Stag Industrial Trading Up 1.9%

Shares of Stag Industrial stock opened at $39.29 on Friday. The company has a 50-day moving average of $37.82 and a two-hundred day moving average of $37.40. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $39.98. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. The stock has a market cap of $7.51 billion, a PE ratio of 26.91 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The firm had revenue of $220.90 million during the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.Stag Industrial’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. On average, research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

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 issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is 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.