DekaBank Deutsche Girozentrale Sells 2,196 Shares of Stag Industrial, Inc. $STAG

DekaBank Deutsche Girozentrale lessened its stake in Stag Industrial, Inc. (NYSE:STAG) by 1.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 131,756 shares of the real estate investment trust’s stock after selling 2,196 shares during the period. DekaBank Deutsche Girozentrale owned about 0.07% of Stag Industrial worth $4,742,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Stag Industrial in the second quarter valued at about $10,637,000. Private Trust Co. NA lifted its stake in shares of Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 677 shares during the period. New York State Teachers Retirement System lifted its stake in shares of Stag Industrial by 0.7% in the second quarter. New York State Teachers Retirement System now owns 56,366 shares of the real estate investment trust’s stock valued at $2,045,000 after buying an additional 403 shares during the period. J.Safra Asset Management Corp lifted its stake in shares of Stag Industrial by 8.1% in the second quarter. J.Safra Asset Management Corp now owns 5,880 shares of the real estate investment trust’s stock valued at $213,000 after buying an additional 443 shares during the period. Finally, Bayforest Capital Ltd bought a new stake in shares of Stag Industrial in the second quarter valued at about $276,000. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Performance

NYSE STAG opened at $38.61 on Friday. The firm has a market cap of $7.21 billion, a price-to-earnings ratio of 30.40 and a beta of 0.92. The company has a 50 day moving average of $36.34 and a 200-day moving average of $35.40. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $39.01.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting the consensus estimate of $0.63. The company had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the business posted $0.61 earnings per share. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.9%. Stag Industrial’s dividend payout ratio (DPR) is presently 117.32%.

Analysts Set New Price Targets

Several research firms recently issued reports on STAG. Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research report on Wednesday, October 1st. Evercore ISI increased their price target on shares of Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Cantor Fitzgerald began coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 price target for the company. Finally, Weiss Ratings reissued a “hold (c+)” rating on shares of Stag Industrial in a research report on Friday. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and a consensus target price of $38.00.

Insider Activity at Stag Industrial

In other news, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction that occurred 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 owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. This trade represents a 76.78% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction 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. The trade was a 4.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company’s stock.

Stag Industrial Company 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.