Geode Capital Management LLC Grows Position in Stag Industrial, Inc. $STAG

Geode Capital Management LLC boosted its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 1.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,684,395 shares of the real estate investment trust’s stock after buying an additional 46,713 shares during the quarter. Geode Capital Management LLC owned approximately 1.97% of Stag Industrial worth $133,690,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in shares of Stag Industrial during the first quarter valued at about $129,972,000. Cbre Investment Management Listed Real Assets LLC increased 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 valued at $128,199,000 after acquiring an additional 1,595,238 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in Stag Industrial by 37.0% in 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 purchasing an additional 451,355 shares in the last quarter. American Century Companies Inc. lifted its stake in shares of Stag Industrial by 606.8% during the first quarter. American Century Companies Inc. now owns 445,853 shares of the real estate investment trust’s stock worth $16,104,000 after buying an additional 382,771 shares during the period. Finally, Vanguard Group Inc. raised its stake in 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 during the last quarter. 88.67% of the stock is owned by institutional investors.

Stag Industrial Trading Down 1.1%

Shares of NYSE:STAG opened at $38.18 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The business’s 50 day moving average price is $37.16 and its 200-day moving average price is $36.22. The firm has a market capitalization of $7.13 billion, a price-to-earnings ratio of 29.37 and a beta of 0.95. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.57.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.02. The business had revenue of $211.12 million for the quarter, compared to the consensus estimate of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.82%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period last year, the firm posted $0.60 earnings per share. On average, equities research analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.1242 per share. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, December 31st. Stag Industrial’s payout ratio is 114.62%.

Insider Transactions at Stag Industrial

In related news, Director Larry T. Guillemette sold 2,004 shares of the business’s stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Michael Chase sold 13,144 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total transaction of $509,330.00. Following the completion of the transaction, the executive vice president directly owned 9,422 shares in the company, valued at $365,102.50. This trade represents a 58.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 40,148 shares of company stock valued at $1,502,621. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently commented on STAG. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a research report on Thursday, November 13th. Citigroup upped their price objective on Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Wells Fargo & Company lifted their target price 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. Robert W. Baird increased their price target on shares of Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a report on Tuesday, November 4th. Finally, Royal Bank Of Canada raised their price target on shares of Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research report on Thursday, November 6th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.89.

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.