Voya Investment Management LLC Has $2.24 Million Stock Position in Stag Industrial, Inc. $STAG

Voya Investment Management LLC decreased its holdings in Stag Industrial, Inc. (NYSE:STAG) by 22.2% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 63,453 shares of the real estate investment trust’s stock after selling 18,099 shares during the quarter. Voya Investment Management LLC’s holdings in Stag Industrial were worth $2,239,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. HighTower Advisors LLC grew its holdings in Stag Industrial by 9.5% during the first quarter. HighTower Advisors LLC now owns 14,003 shares of the real estate investment trust’s stock worth $506,000 after buying an additional 1,215 shares in the last quarter. Landscape Capital Management L.L.C. bought a new position in shares of Stag Industrial during the first quarter valued at about $531,000. Evergreen Capital Management LLC lifted its position in shares of Stag Industrial by 12.1% during the first quarter. Evergreen Capital Management LLC now owns 13,257 shares of the real estate investment trust’s stock valued at $479,000 after purchasing an additional 1,436 shares in the last quarter. Panagora Asset Management Inc. boosted its holdings in Stag Industrial by 3.2% during the first quarter. Panagora Asset Management Inc. now owns 81,817 shares of the real estate investment trust’s stock worth $2,955,000 after purchasing an additional 2,502 shares during the last quarter. Finally, Baird Financial Group Inc. grew its position in Stag Industrial by 89.3% in the 1st quarter. Baird Financial Group Inc. now owns 14,186 shares of the real estate investment trust’s stock worth $512,000 after purchasing an additional 6,691 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on STAG. Wells Fargo & Company boosted their target price on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Citigroup boosted 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. Robert W. Baird raised their target price on Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Evercore ISI lifted their target price on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research note on Friday, October 31st. Finally, Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research report on Wednesday, October 1st. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $38.89.

Stag Industrial Trading Down 0.2%

Shares of STAG opened at $37.25 on Monday. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.73. The business has a 50-day moving average of $38.40 and a 200 day moving average of $36.78. The firm has a market cap of $6.96 billion, a P/E ratio of 28.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 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 6.84%. The company’s revenue was up 10.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.60 earnings per share. As a group, research analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a yield of 4.0%. Stag Industrial’s dividend payout ratio (DPR) is 114.62%.

Insiders Place Their Bets

In other Stag Industrial news, EVP Michael Chase sold 13,144 shares of the business’s stock in a transaction on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the sale, the executive vice president owned 9,422 shares of the company’s stock, valued at $365,102.50. The trade was a 58.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

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.