Stag Industrial, Inc. $STAG Shares Sold by Westfield Capital Management Co. LP

Westfield Capital Management Co. LP lessened its position in Stag Industrial, Inc. (NYSE:STAG) by 29.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 166,199 shares of the real estate investment trust’s stock after selling 69,484 shares during the period. Westfield Capital Management Co. LP’s holdings in Stag Industrial were worth $5,865,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in Stag Industrial in the 2nd quarter worth approximately $282,893,000. Cbre Investment Management Listed Real Assets LLC boosted its holdings in shares of Stag Industrial by 82.3% during the second quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock worth $128,199,000 after purchasing an additional 1,595,238 shares during the last quarter. Goldman Sachs Group Inc. grew its position in shares of Stag Industrial by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after purchasing an additional 451,355 shares during the period. Prudential Financial Inc. increased its stake in Stag Industrial by 57.0% in the second quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust’s stock valued at $41,622,000 after purchasing an additional 416,415 shares during the last quarter. Finally, Hudson Bay Capital Management LP lifted its position in Stag Industrial by 120.0% during the second quarter. Hudson Bay Capital Management LP now owns 747,958 shares of the real estate investment trust’s stock worth $27,136,000 after buying an additional 407,910 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on STAG shares. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Evercore reissued an “outperform” rating on shares of Stag Industrial in a research report on Friday, February 13th. Royal Bank Of Canada upped their price target on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Wells Fargo & Company lifted their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Finally, Robert W. Baird set a $40.00 price objective on shares of Stag Industrial in a research note on Tuesday, February 17th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stag Industrial has an average rating of “Hold” and a consensus price target of $39.50.

Stag Industrial Stock Up 1.9%

STAG opened at $39.29 on Friday. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.98. The firm has a 50 day moving average price of $37.82 and a 200 day moving average price of $37.40. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market cap of $7.51 billion, a PE ratio of 26.91 and a beta of 1.06.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $213.66 million. During the same period in the previous year, the company posted $0.61 earnings per share. Stag Industrial’s revenue was up 10.8% compared to the same quarter last year. Sell-side analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be given a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 annualized dividend and a yield of 3.9%. Stag Industrial’s dividend payout ratio (DPR) is 102.05%.

Insiders Place Their Bets

In other news, Director Virgis Colbert sold 18,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the sale, the director owned 4,210 shares of the company’s stock, valued at $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO William R. Crooker sold 93,732 shares of the stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.17, for a total value of $3,671,482.44. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 136,974 shares of company stock worth $5,345,904 over the last quarter. 1.10% of the stock is owned by corporate insiders.

Stag Industrial Profile

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.