Gold Investment Management Ltd. Has $126,000 Stock Holdings in Stag Industrial, Inc. $STAG

Gold Investment Management Ltd. lessened its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 35.5% in the second quarter, Holdings Channel.com reports. The fund owned 3,447 shares of the real estate investment trust’s stock after selling 1,900 shares during the quarter. Gold Investment Management Ltd.’s holdings in Stag Industrial were worth $126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Stag Industrial by 1.3% during the first quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock worth $945,572,000 after purchasing an additional 347,729 shares in the last quarter. Earnest Partners LLC boosted its position in shares of Stag Industrial by 0.7% during the first quarter. Earnest Partners LLC now owns 3,820,565 shares of the real estate investment trust’s stock worth $137,999,000 after purchasing an additional 25,140 shares in the last quarter. Alliancebernstein L.P. boosted its position in shares of Stag Industrial by 3.3% during the first quarter. Alliancebernstein L.P. now owns 3,788,036 shares of the real estate investment trust’s stock worth $136,824,000 after purchasing an additional 120,442 shares in the last quarter. Nuveen LLC bought a new position in shares of Stag Industrial during the first quarter worth $129,972,000. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Stag Industrial by 2.8% during the first quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust’s stock worth $116,024,000 after purchasing an additional 87,659 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Benjamin S. Butcher sold 25,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the transaction, the director directly owned 7,562 shares in the company, valued at $279,113.42. The trade was a 76.78% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Larry T. Guillemette sold 2,004 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, the director owned 38,666 shares in the company, valued at $1,361,043.20. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently commented on STAG shares. Industrial Alliance Securities set a $37.00 price objective on shares of Stag Industrial in a research report on Wednesday. Evercore ISI boosted their price objective on shares of Stag Industrial from $40.00 to $41.00 and gave the company an “outperform” rating in a research report on Monday, September 15th. Finally, Cantor Fitzgerald started coverage on shares of Stag Industrial in a research report on Wednesday. They issued a “neutral” rating and a $37.00 price objective on the stock. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Stag Industrial Trading Up 1.4%

Shares of NYSE:STAG opened at $35.80 on Thursday. The company’s 50-day moving average price is $35.54 and its two-hundred day moving average price is $35.10. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.21. The stock has a market capitalization of $6.68 billion, a PE ratio of 28.19 and a beta of 0.92.

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 for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. Stag Industrial’s revenue for the quarter was up 9.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were paid a dividend of $0.1242 per share. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 4.2%. Stag Industrial’s payout ratio is currently 117.32%.

Stag Industrial Profile

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.