Stag Industrial, Inc. $STAG Shares Sold by GW&K Investment Management LLC

GW&K Investment Management LLC lowered its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 11.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,129,375 shares of the real estate investment trust’s stock after selling 139,225 shares during the quarter. GW&K Investment Management LLC’s holdings in Stag Industrial were worth $39,856,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Root Financial Partners LLC purchased a new position in Stag Industrial in the third quarter valued at approximately $43,000. EverSource Wealth Advisors LLC lifted its holdings in Stag Industrial by 270.1% in 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. Covestor Ltd lifted its stake in shares of Stag Industrial by 98.5% in the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 878 shares in the last quarter. Huntington National Bank boosted its stake in shares of Stag Industrial by 23.2% during the 2nd quarter. Huntington National Bank now owns 3,495 shares of the real estate investment trust’s stock valued at $127,000 after buying an additional 659 shares during the last quarter. Finally, Aew Capital Management L P boosted its stake in Stag Industrial by 19.4% during the 3rd quarter. Aew Capital Management L P now owns 4,300 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 700 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $39.51 on Thursday. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 27.06 and a beta of 1.04. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.98. The business has a fifty day simple moving average of $38.00 and a 200 day simple moving average of $37.55.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.03. The firm had revenue of $220.90 million for the quarter, compared to the consensus estimate of $213.66 million. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The firm’s revenue was up 10.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.61 earnings per share. As a group, sell-side analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is currently 102.05%.

Wall Street Analysts Forecast Growth

STAG has been the topic of several research analyst reports. Wells Fargo & Company raised their price objective on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a research report on Tuesday, February 17th. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Finally, JPMorgan Chase & Co. lifted their price objective 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. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.50.

Insider Buying and Selling at Stag Industrial

In other Stag Industrial news, CEO William R. Crooker sold 93,732 shares of the firm’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 transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Matts Pinard sold 25,242 shares of the stock in a transaction on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total transaction of $988,981.56. Following the completion of the sale, the executive vice president directly owned 951 shares of the company’s stock, valued at approximately $37,260.18. This trade represents a 96.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 136,974 shares of company stock worth $5,345,904 over the last ninety days. Company insiders own 1.10% of the company’s stock.

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.