Stag Industrial, Inc. $STAG Shares Sold by Edgestream Partners L.P.

Edgestream Partners L.P. reduced its position in Stag Industrial, Inc. (NYSE:STAG) by 43.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 86,216 shares of the real estate investment trust’s stock after selling 65,196 shares during the quarter. Edgestream Partners L.P.’s holdings in Stag Industrial were worth $3,109,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in STAG. Amundi lifted its holdings in shares of Stag Industrial by 4.0% during the 1st quarter. Amundi now owns 105,940 shares of the real estate investment trust’s stock valued at $3,820,000 after purchasing an additional 4,043 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in Stag Industrial by 22.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock worth $57,000 after buying an additional 285 shares during the last quarter. California State Teachers Retirement System grew its stake in Stag Industrial by 25.3% during the 1st quarter. California State Teachers Retirement System now owns 221,520 shares of the real estate investment trust’s stock worth $7,988,000 after buying an additional 44,667 shares during the last quarter. Royal Bank of Canada increased its position in Stag Industrial by 42.4% during the 1st quarter. Royal Bank of Canada now owns 378,187 shares of the real estate investment trust’s stock valued at $13,637,000 after buying an additional 112,589 shares in the last quarter. Finally, Quantinno Capital Management LP raised its stake in Stag Industrial by 6.8% in the first quarter. Quantinno Capital Management LP now owns 95,736 shares of the real estate investment trust’s stock valued at $3,452,000 after buying an additional 6,062 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Barclays raised their price target on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Raymond James Financial initiated coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price objective on the stock. Wells Fargo & Company decreased their price objective on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Evercore reissued an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a research report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Stag Industrial has an average rating of “Hold” and an average price target of $50.50.

Stag Industrial Stock Performance

Shares of STAG stock opened at $38.24 on Friday. The business has a fifty day moving average of $38.87 and a 200 day moving average of $38.37. Stag Industrial, Inc. has a 1 year low of $33.72 and a 1 year high of $42.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.57. The firm has a market capitalization of $7.37 billion, a price-to-earnings ratio of 29.42 and a beta of 0.97.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.37). The firm had revenue of $224.37 million for the quarter, compared to analysts’ expectations of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.63 EPS. As a group, research analysts expect that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.3875 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. Stag Industrial’s payout ratio is 119.23%.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.