Boston Trust Walden Corp Sells 263,193 Shares of Stag Industrial, Inc. $STAG

Boston Trust Walden Corp trimmed its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 9.4% during the 1st quarter, Holdings Channel reports. The institutional investor owned 2,549,987 shares of the real estate investment trust’s stock after selling 263,193 shares during the period. Boston Trust Walden Corp’s holdings in Stag Industrial were worth $91,953,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Norges Bank purchased a new position in Stag Industrial in the 4th quarter worth $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Stag Industrial by 434,005.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock worth $40,373,000 after acquiring an additional 1,098,033 shares in the last quarter. Heitman Real Estate Securities LLC acquired a new position in shares of Stag Industrial during the 4th quarter worth about $33,558,000. Mackenzie Financial Corp purchased a new position in shares of Stag Industrial in the fourth quarter valued at approximately $25,459,000. Finally, Balyasny Asset Management L.P. boosted its stake in Stag Industrial by 1,818.4% during the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock worth $20,148,000 after purchasing an additional 541,170 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on STAG. Weiss Ratings lowered Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Raymond James Financial assumed coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective on the stock. Barclays decreased their target price on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Wells Fargo & Company lowered their price target on 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. Finally, Evercore restated an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Stag Industrial presently has an average rating of “Hold” and a consensus target price of $40.40.

Stag Industrial Stock Performance

NYSE:STAG opened at $39.11 on Friday. Stag Industrial, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $39.99. The company has a market cap of $7.48 billion, a P/E ratio of 30.32 and a beta of 0.97. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The firm’s 50 day moving average is $38.26 and its two-hundred day moving average is $37.98.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The firm had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.51 million. During the same quarter in the prior year, the company earned $0.61 EPS. The company’s revenue was up 9.0% on a year-over-year basis. Analysts expect that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is presently 120.16%.

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.