Stag Industrial, Inc. $STAG Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA lowered its stake in Stag Industrial, Inc. (NYSE:STAG) by 4.2% during the second quarter, HoldingsChannel reports. The firm owned 463,089 shares of the real estate investment trust’s stock after selling 20,461 shares during the quarter. Leeward Investments LLC MA’s holdings in Stag Industrial were worth $16,801,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Private Trust Co. NA increased its holdings in shares of Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 677 shares during the period. Chung Wu Investment Group LLC acquired a new position in shares of Stag Industrial in the second quarter valued at approximately $29,000. Tsfg LLC acquired a new position in shares of Stag Industrial in the first quarter valued at approximately $32,000. Avalon Trust Co acquired a new position in shares of Stag Industrial in the first quarter valued at approximately $36,000. Finally, Keystone Global Partners LLC acquired a new position in shares of Stag Industrial in the first quarter valued at approximately $41,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Trading Down 0.1%

Shares of STAG stock opened at $38.61 on Friday. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.01. The stock has a market cap of $7.21 billion, a P/E ratio of 30.40 and a beta of 0.92. The business has a fifty day simple moving average of $36.34 and a 200-day simple moving average of $35.44. 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 announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business had revenue of $207.44 million during the quarter, compared to analysts’ expectations of $206.37 million. During the same quarter last year, the business posted $0.61 earnings per share. The business’s revenue for the quarter was up 9.4% on a year-over-year basis. On average, analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. Stag Industrial’s dividend payout ratio (DPR) is presently 117.32%.

Analyst Ratings Changes

STAG has been the topic of a number of recent analyst reports. Industrial Alliance Securities set a $37.00 price objective on Stag Industrial in a report on Wednesday, October 1st. Cantor Fitzgerald initiated coverage on Stag Industrial in a report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price objective on the stock. Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stag Industrial in a report on Friday. Finally, Evercore ISI upped their price objective on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $38.00.

Insiders Place Their Bets

In related news, 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 $279,113.42. This trade represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Larry T. Guillemette sold 2,004 shares of the 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 in the company, valued at approximately $1,361,043.20. The trade was a 4.93% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Stag Industrial Profile

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.