Crestwood Advisors Group LLC Reduces Stock Holdings in Stag Industrial, Inc. $STAG

Crestwood Advisors Group LLC lowered its position in Stag Industrial, Inc. (NYSE:STAG) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 263,314 shares of the real estate investment trust’s stock after selling 2,689 shares during the quarter. Crestwood Advisors Group LLC owned 0.14% of Stag Industrial worth $9,553,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Private Trust Co. NA increased its holdings in Stag Industrial by 2,183.9% during the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 677 shares in the last quarter. Chung Wu Investment Group LLC purchased a new position in shares of Stag Industrial during the 2nd quarter worth approximately $29,000. Avalon Trust Co purchased a new position in shares of Stag Industrial during the 1st quarter worth approximately $36,000. Keystone Global Partners LLC purchased a new position in shares of Stag Industrial during the 1st quarter worth approximately $41,000. Finally, Harbour Investments Inc. increased its stake in shares of Stag Industrial by 187.7% during the 1st quarter. Harbour Investments Inc. now owns 1,260 shares of the real estate investment trust’s stock worth $46,000 after purchasing an additional 822 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 25,000 shares of the business’s stock in a transaction on Friday, September 5th. The shares were sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of the sale, the director directly owned 7,562 shares of the company’s stock, valued at $279,113.42. The trade was a 76.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, 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 value of $70,540.80. Following the sale, the director directly owned 38,666 shares of the company’s stock, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their position. The disclosure for this sale is available in the SEC filing. 1.10% of the stock is currently owned by insiders.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $38.58 on Wednesday. The company has a market cap of $7.20 billion, a P/E ratio of 29.67 and a beta of 0.92. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $39.01. The business has a fifty day simple moving average of $36.68 and a 200-day simple moving average of $35.79.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results 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 company had revenue of $211.12 million during the quarter, compared to analysts’ expectations of $210.26 million. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.The firm’s revenue was up 10.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.60 EPS. Equities research analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently announced 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. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s payout ratio is presently 114.62%.

Analyst Ratings Changes

Several equities analysts have weighed in on STAG shares. Evercore ISI raised their price target on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Cantor Fitzgerald initiated coverage on Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price objective for the company. Robert W. Baird lifted their price objective on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research report on Tuesday. Weiss Ratings reiterated a “hold (c+)” rating on shares of Stag Industrial in a report on Wednesday, October 8th. Finally, Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and an average target price of $38.29.

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.