Stag Industrial, Inc. $STAG Shares Bought by Baird Financial Group Inc.

Baird Financial Group Inc. raised its position in Stag Industrial, Inc. (NYSE:STAG) by 89.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,186 shares of the real estate investment trust’s stock after acquiring an additional 6,691 shares during the quarter. Baird Financial Group Inc.’s holdings in Stag Industrial were worth $512,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its position in Stag Industrial by 55.3% in the 1st quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust’s stock valued at $1,435,000 after acquiring an additional 14,155 shares in the last quarter. Principal Financial Group Inc. grew its position in Stag Industrial by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust’s stock valued at $15,497,000 after acquiring an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC grew its position in Stag Industrial by 4.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 571 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Stag Industrial by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust’s stock valued at $587,000 after acquiring an additional 1,295 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Stag Industrial by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust’s stock valued at $116,024,000 after acquiring an additional 87,659 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction on Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the transaction, the director owned 7,562 shares in the company, valued at approximately $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Stag Industrial Price Performance

Stag Industrial stock opened at $35.80 on Thursday. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $40.40. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The business has a 50 day simple moving average of $35.76 and a 200-day simple moving average of $35.17. The stock has a market capitalization of $6.68 billion, a PE ratio of 28.19 and a beta of 0.94.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business had revenue of $207.44 million during the quarter, compared to analysts’ expectations of $206.37 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Equities analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be given a $0.1242 dividend. The ex-dividend date is Friday, August 29th. This represents a c) annualized dividend and a yield of 4.2%. Stag Industrial’s dividend payout ratio is presently 117.32%.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and set a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Evercore ISI upped their price target on Stag Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, July 30th. Two analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, Stag Industrial presently has a consensus rating of “Hold” and an average target price of $38.17.

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.