UBS Group AG Sells 23,599 Shares of Stag Industrial, Inc. $STAG

UBS Group AG cut its stake in Stag Industrial, Inc. (NYSE:STAG) by 3.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 621,135 shares of the real estate investment trust’s stock after selling 23,599 shares during the period. UBS Group AG’s holdings in Stag Industrial were worth $22,833,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in the business. State Street Corp increased its stake in shares of Stag Industrial by 1.5% in the second quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock valued at $347,261,000 after buying an additional 142,132 shares in the last quarter. Alliancebernstein L.P. increased its position in Stag Industrial by 4.3% in the 2nd quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock valued at $143,339,000 after acquiring an additional 162,887 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Stag Industrial by 10.7% during the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock worth $138,038,000 after buying an additional 377,952 shares during the period. Dimensional Fund Advisors LP grew its position in shares of Stag Industrial by 0.9% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,831,665 shares of the real estate investment trust’s stock worth $99,927,000 after buying an additional 25,059 shares during the period. Finally, Channing Capital Management LLC grew its position in shares of Stag Industrial by 8.3% during the 3rd quarter. Channing Capital Management LLC now owns 2,186,846 shares of the real estate investment trust’s stock worth $77,174,000 after buying an additional 167,093 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STAG. iA Financial set a $39.00 price objective on shares of Stag Industrial in a research note on Tuesday, January 13th. JPMorgan Chase & Co. lifted their price target 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. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Barclays cut their price target on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. Finally, Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Stag Industrial has an average rating of “Hold” and a consensus price target of $39.78.

Stag Industrial Stock Performance

Shares of STAG stock opened at $38.96 on Monday. The company has a market capitalization of $7.45 billion, a price-to-earnings ratio of 30.20 and a beta of 1.00. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The company has a 50-day simple moving average of $38.09 and a 200 day simple moving average of $38.13. Stag Industrial, Inc. has a 52 week low of $33.72 and a 52 week high of $39.99.

Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. The business had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.52 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. Stag Industrial’s revenue was up 9.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.61 EPS. On average, sell-side analysts predict that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a dividend of $0.3875 per share. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. Stag Industrial’s payout ratio is presently 120.16%.

Insider Buying and Selling

In related news, Director Virgis Colbert sold 18,000 shares of the company’s stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the transaction, the director directly owned 4,210 shares in the company, valued at approximately $160,316.80. This represents a 81.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO William R. Crooker sold 93,732 shares of the stock in a transaction dated 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. In the last 90 days, insiders sold 136,974 shares of company stock valued at $5,345,904. Company 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.