Motley Fool Wealth Management LLC Sells 25,704 Shares of Stag Industrial, Inc. $STAG

Motley Fool Wealth Management LLC cut its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 9.5% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 243,905 shares of the real estate investment trust’s stock after selling 25,704 shares during the period. Motley Fool Wealth Management LLC’s holdings in Stag Industrial were worth $8,849,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA increased its position in shares of Stag Industrial by 2,183.9% during 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. Chung Wu Investment Group LLC bought a new stake in shares of Stag Industrial during the second quarter valued at about $29,000. Avalon Trust Co bought a new stake in shares of Stag Industrial during the first quarter valued at about $36,000. Keystone Global Partners LLC bought a new stake in shares of Stag Industrial during the first quarter valued at about $41,000. Finally, Harbour Investments Inc. increased its position in shares of Stag Industrial by 187.7% during the first quarter. Harbour Investments Inc. now owns 1,260 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 822 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Price Performance

Shares of Stag Industrial stock opened at $38.51 on Tuesday. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $7.19 billion, a PE ratio of 30.32 and a beta of 0.92. The business’s 50-day moving average price is $36.43 and its 200-day moving average price is $35.51. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.01.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The firm had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.61 EPS. Sell-side analysts forecast that Stag Industrial, Inc. will post 2.47 EPS 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 given a dividend of $0.1242 per share. The ex-dividend date is Wednesday, December 31st. This represents a c) annualized dividend and a dividend yield of 3.9%. Stag Industrial’s dividend payout ratio is 117.32%.

Insider Activity

In other news, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the transaction, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, the director owned 7,562 shares in the company, valued at approximately $279,113.42. The trade was a 76.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of brokerages have weighed in on STAG. Cantor Fitzgerald began coverage on Stag Industrial in a research note on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price on the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Stag Industrial in a research note on Wednesday, October 8th. Evercore ISI upped their target price on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Finally, Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research note on Wednesday, October 1st. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Stag Industrial has an average rating of “Hold” and an average target price of $38.00.

About Stag Industrial

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.