Stag Industrial, Inc. $STAG Stock Sold by ProShare Advisors LLC

ProShare Advisors LLC lowered its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.0% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 662,586 shares of the real estate investment trust’s stock after selling 13,477 shares during the period. ProShare Advisors LLC’s holdings in Stag Industrial were worth $23,727,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Readystate Asset Management LP bought a new position in shares of Stag Industrial in the 2nd quarter valued at about $2,602,000. Oppenheimer Asset Management Inc. acquired a new position in shares of Stag Industrial during the 2nd quarter worth about $3,693,000. Squarepoint Ops LLC increased its stake in shares of Stag Industrial by 107.7% during the 2nd quarter. Squarepoint Ops LLC now owns 84,332 shares of the real estate investment trust’s stock worth $3,210,000 after purchasing an additional 43,733 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Stag Industrial during the 1st quarter worth about $3,444,000. Finally, Man Group plc bought a new stake in shares of Stag Industrial in the 2nd quarter valued at about $5,772,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on STAG shares. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a research note on Monday, September 14th. Robert W. Baird upgraded Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target for the company in a report on Monday, August 31st. Weiss Ratings downgraded Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Jefferies Financial Group reissued a “buy” rating and set a $43.00 price target on shares of Stag Industrial in a research report on Monday. Finally, Barclays upped their price objective on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.20.

Stag Industrial Trading Up 1.6%

Shares of Stag Industrial stock opened at $37.44 on Tuesday. The business has a fifty day simple moving average of $36.74 and a two-hundred day simple moving average of $37.88. Stag Industrial, Inc. has a 1 year low of $35.14 and a 1 year high of $42.61. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 26.55 and a beta of 0.95. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.13 and a quick ratio of 1.76.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.29). Stag Industrial had a return on equity of 7.28% and a net margin of 29.88%. The company had revenue of $231.05 million for the quarter, compared to the consensus estimate of $227.16 million. During the same period last year, the firm earned $0.65 earnings per share. The company’s revenue for the quarter was up 9.4% compared to the same quarter last year. Research analysts forecast that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Thursday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is currently 109.93%.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.