Pacer Advisors Inc. Sells 19,953 Shares of Stag Industrial, Inc. $STAG

Pacer Advisors Inc. cut its stake in Stag Industrial, Inc. (NYSE:STAG) by 14.9% during the 4th quarter, HoldingsChannel.com reports. The fund owned 113,676 shares of the real estate investment trust’s stock after selling 19,953 shares during the period. Pacer Advisors Inc.’s holdings in Stag Industrial were worth $4,179,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in STAG. NewEdge Advisors LLC boosted its holdings in Stag Industrial by 17.6% in the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock valued at $359,000 after acquiring an additional 1,491 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Stag Industrial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after buying an additional 451,355 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Stag Industrial during the 1st quarter worth approximately $229,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,048 shares in the last quarter. Finally, First Trust Advisors LP boosted its holdings in shares of Stag Industrial by 173.4% during the 2nd quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock worth $6,449,000 after buying an additional 112,747 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $38.37 on Thursday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial, Inc. has a twelve month low of $33.72 and a twelve month high of $39.99. The stock’s 50 day moving average is $38.05 and its 200-day moving average is $38.13. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of 29.75 and a beta of 1.00.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.52 million. During the same period in the prior year, the firm earned $0.61 earnings per share. Stag Industrial’s revenue for the quarter was up 9.0% on a year-over-year basis. Sell-side analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is presently 120.16%.

Insider Transactions at Stag Industrial

In other news, EVP Matts Pinard sold 25,242 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total transaction of $988,981.56. Following the transaction, the executive vice president directly owned 951 shares of the company’s stock, valued at $37,260.18. This represents a 96.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO William R. Crooker sold 93,732 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The disclosure for this sale is available in the SEC filing. Insiders have sold 136,974 shares of company stock valued at $5,345,904 over the last ninety days. 1.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on STAG shares. Barclays cut their price target on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Evercore restated an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a report on Wednesday, April 29th. JPMorgan Chase & Co. increased their price target on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Robert W. Baird set a $40.00 price target on Stag Industrial in a report on Tuesday, February 17th. Finally, Weiss Ratings cut Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.78.

Stag Industrial 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.