Sequoia Financial Advisors LLC Lowers Stake in Stag Industrial, Inc. (NYSE:STAG)

Sequoia Financial Advisors LLC lowered its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 8.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 6,211 shares of the real estate investment trust’s stock after selling 562 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Stag Industrial were worth $224,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. FMR LLC lifted its holdings in shares of Stag Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock worth $305,224,000 after buying an additional 2,088,839 shares in the last quarter. Earnest Partners LLC lifted its holdings in shares of Stag Industrial by 6.6% in the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock worth $128,361,000 after buying an additional 235,622 shares in the last quarter. Nuveen Asset Management LLC lifted its holdings in shares of Stag Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock worth $124,445,000 after buying an additional 204,948 shares in the last quarter. Geode Capital Management LLC increased its position in Stag Industrial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock worth $115,748,000 after purchasing an additional 18,009 shares during the last quarter. Finally, Boston Trust Walden Corp increased its position in Stag Industrial by 17.5% in the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust’s stock worth $106,283,000 after purchasing an additional 437,527 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on STAG shares. Robert W. Baird reduced their price target on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Royal Bank Of Canada restated a “sector perform” rating and issued a $38.00 price target on shares of Stag Industrial in a research report on Monday, May 19th. Finally, Raymond James Financial boosted their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.71.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the business’s stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the transaction, the director owned 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is owned by company insiders.

Stag Industrial Trading Up 0.8%

STAG stock opened at $36.95 on Friday. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63. The stock has a market capitalization of $6.90 billion, a price-to-earnings ratio of 27.78 and a beta of 0.93. The firm’s fifty day simple moving average is $35.45 and its two-hundred day simple moving average is $34.66.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The business had revenue of $205.57 million for the quarter, compared to analysts’ expectations of $202.04 million. During the same quarter in the previous year, the business posted $0.59 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. As a group, analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were given a dividend of $0.1242 per share. This represents a yield of 4.37%. The ex-dividend date was Friday, May 30th. Stag Industrial’s dividend payout ratio (DPR) is 112.03%.

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.