Dana Investment Advisors Inc. Cuts Position in Stag Industrial, Inc. $STAG

Dana Investment Advisors Inc. lessened its stake in Stag Industrial, Inc. (NYSE:STAG) by 29.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 125,170 shares of the real estate investment trust’s stock after selling 52,606 shares during the quarter. Dana Investment Advisors Inc.’s holdings in Stag Industrial were worth $4,601,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in STAG. Balyasny Asset Management L.P. increased its stake in Stag Industrial by 1,818.4% in the 3rd quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after purchasing an additional 541,170 shares in the last quarter. Goldman Sachs Group Inc. increased 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 valued at $60,391,000 after purchasing an additional 451,355 shares in the last quarter. Cbre Investment Management Listed Real Assets LLC increased its stake in Stag Industrial by 10.7% in the 3rd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,911,540 shares of the real estate investment trust’s stock valued at $138,038,000 after purchasing an additional 377,952 shares in the last quarter. Tudor Investment Corp ET AL purchased a new position in Stag Industrial in the 3rd quarter valued at approximately $11,422,000. Finally, Bayhunt Capital LLC purchased a new position in Stag Industrial in the 4th quarter valued at approximately $10,323,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently weighed in on the company. Weiss Ratings downgraded Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Evercore restated an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Barclays dropped their target price on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. raised their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Finally, Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $39.78.

Stag Industrial Stock Performance

Stag Industrial stock opened at $37.76 on Monday. 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 stock has a fifty day moving average of $37.99 and a two-hundred day moving average of $38.12. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 29.27 and a beta of 1.00. Stag Industrial, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $39.99.

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

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a dividend of $0.3875 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. Stag Industrial’s payout ratio is 120.16%.

Insider Transactions at Stag Industrial

In other news, EVP Matts Pinard sold 25,242 shares of Stag Industrial stock in a transaction dated Monday, February 23rd. The shares were sold at an average price of $39.18, for a total transaction of $988,981.56. Following the completion of the sale, the executive vice president directly owned 951 shares in the company, valued at $37,260.18. The trade was a 96.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO William R. Crooker sold 93,732 shares of Stag Industrial 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. Insiders sold a total of 136,974 shares of company stock worth $5,345,904 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

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.