Stag Industrial, Inc. $STAG Shares Sold by Boston Trust Walden Corp

Boston Trust Walden Corp lessened its holdings in Stag Industrial, Inc. (NYSE:STAG) by 0.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,945,459 shares of the real estate investment trust’s stock after selling 20,373 shares during the quarter. Stag Industrial comprises approximately 0.8% of Boston Trust Walden Corp’s investment portfolio, making the stock its 28th largest holding. Boston Trust Walden Corp owned 1.58% of Stag Industrial worth $103,945,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in STAG. Virginia Wealth Management Group Inc. lifted its holdings in shares of Stag Industrial by 2.0% in the 3rd quarter. Virginia Wealth Management Group Inc. now owns 90,600 shares of the real estate investment trust’s stock valued at $3,197,000 after buying an additional 1,735 shares during the period. CWM LLC raised its position in Stag Industrial by 13.1% during the third quarter. CWM LLC now owns 15,033 shares of the real estate investment trust’s stock valued at $531,000 after acquiring an additional 1,740 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in Stag Industrial by 8.0% in the third quarter. Pacer Advisors Inc. now owns 133,629 shares of the real estate investment trust’s stock valued at $4,716,000 after acquiring an additional 9,907 shares during the period. Norden Group LLC boosted its position in Stag Industrial by 10.0% in the 3rd quarter. Norden Group LLC now owns 6,856 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 625 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its position in Stag Industrial by 185.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,218 shares of the real estate investment trust’s stock worth $361,000 after purchasing an additional 6,639 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Stag Industrial

In related news, EVP Michael Chase sold 13,144 shares of Stag Industrial stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total value of $509,330.00. Following the completion of the sale, the executive vice president owned 9,422 shares in the company, valued at approximately $365,102.50. This trade represents a 58.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Stag Industrial Trading Down 0.2%

Shares of STAG stock opened at $37.25 on Monday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.73. The company’s 50-day moving average price is $38.40 and its 200-day moving average price is $36.78. The stock has a market cap of $6.96 billion, a price-to-earnings ratio of 28.65 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last posted its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.02. The company had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. Stag Industrial’s revenue was up 10.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.60 EPS. As a group, equities analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.1242 dividend. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s payout ratio is 114.62%.

Wall Street Analyst Weigh In

A number of research firms have recently commented on STAG. Royal Bank Of Canada raised their target price on Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a report on Wednesday, October 1st. Wells Fargo & Company increased their price objective on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Finally, Robert W. Baird lifted their price objective on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.89.

Stag Industrial Company Profile

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.