Stag Industrial, Inc. $STAG Shares Sold by Earnest Partners LLC

Earnest Partners LLC decreased its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 4.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 3,646,902 shares of the real estate investment trust’s stock after selling 165,310 shares during the quarter. Earnest Partners LLC’s holdings in Stag Industrial were worth $128,699,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. Crawford Investment Counsel Inc. boosted its stake in shares of Stag Industrial by 5.8% during the third quarter. Crawford Investment Counsel Inc. now owns 717,961 shares of the real estate investment trust’s stock valued at $25,337,000 after acquiring an additional 39,640 shares during the last quarter. California Public Employees Retirement System raised its stake in Stag Industrial by 10.2% in the 3rd quarter. California Public Employees Retirement System now owns 360,548 shares of the real estate investment trust’s stock valued at $12,724,000 after purchasing an additional 33,421 shares during the last quarter. Boothbay Fund Management LLC acquired a new position in Stag Industrial in the 3rd quarter valued at about $363,000. Creative Planning lifted its holdings in Stag Industrial by 144.3% in the 3rd quarter. Creative Planning now owns 58,752 shares of the real estate investment trust’s stock valued at $2,073,000 after purchasing an additional 34,700 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its holdings in Stag Industrial by 8.7% in the 3rd quarter. Lazard Asset Management LLC now owns 32,615 shares of the real estate investment trust’s stock valued at $1,151,000 after purchasing an additional 2,609 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STAG has been the subject of a number of recent research reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. iA Financial set a $39.00 price objective on shares of Stag Industrial in a research note on Tuesday, January 13th. JPMorgan Chase & Co. lifted their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Barclays reiterated an “underweight” rating and issued a $39.00 price target (down from $40.00) on shares of Stag Industrial in a report on Tuesday, January 13th. Finally, Robert W. Baird set a $40.00 price objective on Stag Industrial in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and a consensus target price of $39.50.

Stag Industrial Trading Down 0.1%

NYSE STAG opened at $38.02 on Friday. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.98. The company has a 50-day moving average of $38.18 and a 200-day moving average of $37.67. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90. The company has a market cap of $7.26 billion, a P/E ratio of 26.04 and a beta of 1.04.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The business had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $213.66 million. During the same period last year, the company earned $0.61 earnings per share. The company’s quarterly revenue was up 10.8% on a year-over-year basis. 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 declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is 102.05%.

Insider Buying and Selling at Stag Industrial

In related news, CEO William R. Crooker sold 93,732 shares of the stock in a transaction 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 sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Virgis Colbert sold 18,000 shares of Stag Industrial stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the transaction, the director owned 4,210 shares in the company, valued at $160,316.80. The trade was a 81.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 136,974 shares of company stock worth $5,345,904 in the last quarter. 1.10% of the stock is owned by insiders.

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.