Trust Co. of Vermont Acquires 3,808 Shares of Stag Industrial, Inc. $STAG

Trust Co. of Vermont raised its holdings in Stag Industrial, Inc. (NYSE:STAG) by 769.3% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,303 shares of the real estate investment trust’s stock after acquiring an additional 3,808 shares during the period. Trust Co. of Vermont’s holdings in Stag Industrial were worth $156,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Teacher Retirement System of Texas grew its holdings in shares of Stag Industrial by 55.3% during the 1st quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust’s stock valued at $1,435,000 after purchasing an additional 14,155 shares during the last quarter. Principal Financial Group Inc. boosted its position in Stag Industrial by 2.7% in the first quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust’s stock valued at $15,497,000 after buying an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in Stag Industrial by 4.7% in the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust’s stock valued at $459,000 after buying an additional 571 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Stag Industrial by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust’s stock worth $587,000 after buying an additional 1,295 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in shares of Stag Industrial by 70.0% during the first quarter. AQR Capital Management LLC now owns 350,708 shares of the real estate investment trust’s stock worth $12,633,000 after buying an additional 144,368 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Up 0.4%

Shares of NYSE:STAG opened at $35.89 on Friday. The firm has a market cap of $6.70 billion, a P/E ratio of 28.26 and a beta of 0.92. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $39.21. The business has a fifty day simple moving average of $35.55 and a 200 day simple moving average of $35.10. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates of $0.63. The firm had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.61 EPS. 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 announced a monthly dividend, which was paid on Monday, September 15th. Investors of record on Friday, August 29th were issued a $0.1242 dividend. The ex-dividend date was Friday, August 29th. This represents a c) annualized dividend and a yield of 4.2%. Stag Industrial’s dividend payout ratio is presently 117.32%.

Analyst Ratings Changes

STAG has been the subject of a number of research reports. Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a research note on Wednesday. Evercore ISI upped their target price on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Finally, Cantor Fitzgerald initiated coverage on Stag Industrial in a research note on Wednesday. They set a “neutral” rating and a $37.00 price target on the stock. Two 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 presently has an average rating of “Hold” and an average price target of $38.00.

Insider Buying and Selling

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

About Stag Industrial

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.