Stag Industrial, Inc. $STAG Shares Sold by Thrivent Financial for Lutherans

Thrivent Financial for Lutherans trimmed its holdings in Stag Industrial, Inc. (NYSE:STAG) by 20.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 138,958 shares of the real estate investment trust’s stock after selling 34,933 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Stag Industrial were worth $5,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Allworth Financial LP lifted its holdings in Stag Industrial by 77.6% in the 4th quarter. Allworth Financial LP now owns 2,465 shares of the real estate investment trust’s stock valued at $91,000 after acquiring an additional 1,077 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al grew its position in Stag Industrial by 1.1% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 305,492 shares of the real estate investment trust’s stock worth $11,230,000 after buying an additional 3,400 shares during the last quarter. Naples Global Advisors LLC grew its position in Stag Industrial by 4.5% in the fourth quarter. Naples Global Advisors LLC now owns 16,286 shares of the real estate investment trust’s stock worth $601,000 after buying an additional 701 shares during the last quarter. Drucker Wealth 3.0 LLC grew its position in Stag Industrial by 13.5% in the fourth quarter. Drucker Wealth 3.0 LLC now owns 25,271 shares of the real estate investment trust’s stock worth $929,000 after buying an additional 3,009 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in Stag Industrial in the fourth quarter worth approximately $51,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Price Performance

STAG stock opened at $38.06 on Friday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial, Inc. has a one year low of $33.72 and a one year high of $39.99. The firm has a market capitalization of $7.28 billion, a PE ratio of 29.50 and a beta of 1.00. The firm has a 50-day moving average of $37.96 and a two-hundred day moving average of $38.12.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.52 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.61 earnings per share. On average, analysts forecast that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is 120.16%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on STAG. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a research report on Tuesday, February 17th. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Barclays reduced their price objective on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Finally, JPMorgan Chase & Co. upped their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Two investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $39.78.

Insider Buying and Selling

In other news, EVP Matts Pinard sold 25,242 shares of the stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the sale, the executive vice president directly owned 951 shares of the company’s stock, valued at $37,260.18. This represents a 96.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO William R. Crooker sold 93,732 shares of the stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total transaction of $3,671,482.44. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is owned by corporate insiders.

Stag Industrial Company 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.