Allianz Asset Management GmbH Sells 4,898 Shares of Stag Industrial, Inc. $STAG

Allianz Asset Management GmbH reduced its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 1.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 399,537 shares of the real estate investment trust’s stock after selling 4,898 shares during the period. Allianz Asset Management GmbH’s holdings in Stag Industrial were worth $14,495,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Nuveen LLC purchased a new position in shares of Stag Industrial during the first quarter valued at approximately $129,972,000. Cbre Investment Management Listed Real Assets LLC lifted its stake in Stag Industrial by 152.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,938,350 shares of the real estate investment trust’s stock valued at $70,013,000 after acquiring an additional 1,169,533 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Stag Industrial by 37.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after acquiring an additional 451,355 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Stag Industrial by 606.8% in the 1st quarter. American Century Companies Inc. now owns 445,853 shares of the real estate investment trust’s stock worth $16,104,000 after acquiring an additional 382,771 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Stag Industrial by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock worth $945,572,000 after acquiring an additional 347,729 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Larry T. Guillemette sold 2,004 shares of the business’s stock in a transaction dated 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 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 sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Benjamin S. Butcher sold 25,000 shares of the business’s stock in a transaction dated Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the sale, the director owned 7,562 shares in the company, valued at $279,113.42. This represents a 76.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Cantor Fitzgerald began coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price target on the stock. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a research report on Wednesday, October 1st. Evercore ISI boosted their target price on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Stag Industrial in a research report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and a consensus target price of $38.00.

Stag Industrial Stock Up 1.7%

STAG opened at $38.84 on Tuesday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $38.88. The company’s 50-day moving average price is $36.04 and its two-hundred day moving average price is $35.25. The stock has a market cap of $7.25 billion, a price-to-earnings ratio of 30.58 and a beta of 0.92. 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 posted its quarterly earnings results 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 net margin of 29.14% and a return on equity of 6.71%. The company had revenue of $207.44 million for the quarter, compared to analysts’ expectations of $206.37 million. During the same quarter in the previous year, the firm posted $0.61 EPS. Stag Industrial’s revenue was up 9.4% on a year-over-year basis. As a group, equities analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.1242 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.8%. Stag Industrial’s dividend payout ratio is presently 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.