Stag Industrial, Inc. $STAG Position Trimmed by Vanderbilt University

Vanderbilt University lowered its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 50.0% in the 2nd quarter, Holdings Channel reports. The fund owned 23,344 shares of the real estate investment trust’s stock after selling 23,352 shares during the period. Vanderbilt University’s holdings in Stag Industrial were worth $847,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings in Stag Industrial by 1.3% in the first quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock worth $945,572,000 after purchasing an additional 347,729 shares during the period. Earnest Partners LLC lifted its stake in Stag Industrial by 0.7% during the first quarter. Earnest Partners LLC now owns 3,820,565 shares of the real estate investment trust’s stock valued at $137,999,000 after buying an additional 25,140 shares in the last quarter. Alliancebernstein L.P. lifted its stake in Stag Industrial by 3.3% during the first quarter. Alliancebernstein L.P. now owns 3,788,036 shares of the real estate investment trust’s stock valued at $136,824,000 after buying an additional 120,442 shares in the last quarter. Nuveen LLC purchased a new stake in Stag Industrial during the first quarter valued at about $129,972,000. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Stag Industrial by 2.8% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust’s stock valued at $116,024,000 after purchasing an additional 87,659 shares during the period. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of research reports. Cantor Fitzgerald started coverage on Stag Industrial in a report on Wednesday. They issued a “neutral” rating and a $37.00 price objective on the stock. Industrial Alliance Securities set a $37.00 price objective on Stag Industrial in a research report on Wednesday. Finally, Evercore ISI raised their target price on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Two analysts have rated the stock with a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat, Stag Industrial presently has a consensus rating of “Hold” and a consensus price target of $38.00.

Insider Activity

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

Stag Industrial Stock Performance

Stag Industrial stock opened at $35.89 on Friday. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.21. The firm has a market capitalization of $6.70 billion, a P/E ratio of 28.26 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a fifty day moving average price of $35.55 and a two-hundred day moving average price of $35.10.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The firm had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same period last year, the company earned $0.61 earnings per share. The company’s revenue was up 9.4% on a year-over-year basis. As a group, analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a dividend of $0.1242 per share. This represents a c) annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, August 29th. Stag Industrial’s payout ratio is 117.32%.

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.