Westwood Holdings Group Inc. decreased its stake in shares of Stag Industrial Inc (NYSE:STAG) by 13.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,747,202 shares of the real estate investment trust’s stock after selling 275,047 shares during the period. Westwood Holdings Group Inc. owned about 1.37% of Stag Industrial worth $52,835,000 at the end of the most recent reporting period.
Other institutional investors also recently modified their holdings of the company. Marshall Wace North America L.P. bought a new position in Stag Industrial during the first quarter valued at approximately $36,000. Lindbrook Capital LLC raised its position in Stag Industrial by 90.8% in the second quarter. Lindbrook Capital LLC now owns 1,891 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 900 shares during the period. First Interstate Bank bought a new position in Stag Industrial in the second quarter worth approximately $80,000. Coastal Investment Advisors Inc. raised its position in Stag Industrial by 106.3% in the second quarter. Coastal Investment Advisors Inc. now owns 4,647 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 2,395 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in Stag Industrial in the second quarter worth approximately $153,000. Institutional investors own 89.03% of the company’s stock.
Several research analysts have weighed in on the stock. Zacks Investment Research downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Wednesday. ValuEngine downgraded shares of Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $30.63.
STAG traded down $0.04 during trading on Friday, hitting $29.98. The company’s stock had a trading volume of 22,202 shares, compared to its average volume of 738,630. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. Stag Industrial Inc has a one year low of $23.24 and a one year high of $31.66. The firm has a market cap of $3.82 billion, a PE ratio of 16.74, a P/E/G ratio of 4.20 and a beta of 0.92. The business’s 50 day simple moving average is $29.19 and its 200-day simple moving average is $29.52.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.10 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.35). The firm had revenue of $96.65 million for the quarter, compared to the consensus estimate of $97.90 million. Stag Industrial had a net margin of 20.06% and a return on equity of 4.57%. The firm’s revenue for the quarter was up 13.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.45 earnings per share. Equities research analysts expect that Stag Industrial Inc will post 1.82 EPS for the current fiscal year.
The company also recently disclosed a dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a dividend of $0.119 per share. The ex-dividend date is Friday, September 27th. Stag Industrial’s payout ratio is 79.89%.
Stag Industrial Profile
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (REIT) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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