Stag Industrial, Inc. $STAG Shares Sold by HB Wealth Management LLC

HB Wealth Management LLC reduced its position in Stag Industrial, Inc. (NYSE:STAG) by 15.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,345 shares of the real estate investment trust’s stock after selling 1,306 shares during the quarter. HB Wealth Management LLC’s holdings in Stag Industrial were worth $266,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the company. First Hawaiian Bank boosted its holdings in shares of Stag Industrial by 1.5% in the first quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock valued at $691,000 after acquiring an additional 289 shares during the period. Signaturefd LLC boosted its holdings in shares of Stag Industrial by 14.0% in the first quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 317 shares during the period. Securian Asset Management Inc. boosted its holdings in shares of Stag Industrial by 2.9% in the first quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 395 shares during the period. Aew Capital Management L P boosted its holdings in shares of Stag Industrial by 12.5% in the first quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 400 shares during the period. Finally, PFG Investments LLC boosted its holdings in shares of Stag Industrial by 5.4% in the first quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 429 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director owned 38,666 shares in the company, valued at $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction on Friday, September 5th. The shares were 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 of the company’s stock, valued at approximately $279,113.42. This represents a 76.78% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the subject of several recent research reports. Cantor Fitzgerald initiated coverage on Stag Industrial in a report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price target for the company. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stag Industrial in a report on Saturday, September 27th. Evercore ISI increased their price target on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Finally, Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $38.00.

Stag Industrial Trading Up 0.4%

NYSE:STAG opened at $36.40 on Tuesday. The stock has a fifty day moving average price of $35.60 and a two-hundred day moving average price of $35.12. The stock has a market capitalization of $6.80 billion, a price-to-earnings ratio of 28.66 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.21.

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

Stag Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.1242 dividend. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a yield of 4.1%. Stag Industrial’s dividend payout ratio is presently 117.32%.

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.