Westfield Capital Management Co. LP Cuts Position in Stag Industrial, Inc. $STAG

Westfield Capital Management Co. LP trimmed its position in Stag Industrial, Inc. (NYSE:STAG) by 96.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,467 shares of the real estate investment trust’s stock after selling 159,732 shares during the quarter. Westfield Capital Management Co. LP’s holdings in Stag Industrial were worth $238,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. AlphaQuest LLC raised its holdings in shares of Stag Industrial by 3.3% in the 3rd quarter. AlphaQuest LLC now owns 10,875 shares of the real estate investment trust’s stock worth $384,000 after purchasing an additional 350 shares during the period. IFG Advisory LLC raised its holdings in shares of Stag Industrial by 3.3% in the 3rd quarter. IFG Advisory LLC now owns 11,118 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 351 shares during the period. Merit Financial Group LLC raised its holdings in shares of Stag Industrial by 1.7% in the 3rd quarter. Merit Financial Group LLC now owns 21,924 shares of the real estate investment trust’s stock worth $774,000 after purchasing an additional 366 shares during the period. First National Trust Co raised its holdings in shares of Stag Industrial by 1.7% in the 4th quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 388 shares during the period. Finally, Root Financial Partners LLC raised its holdings in shares of Stag Industrial by 32.9% during the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 397 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Stock Performance

Shares of NYSE:STAG opened at $37.24 on Friday. The company has a market cap of $7.12 billion, a P/E ratio of 28.87 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. Stag Industrial, Inc. has a one year low of $33.72 and a one year high of $39.99. The business’s 50-day simple moving average is $37.97 and its 200 day simple moving average is $38.03.

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

Stag Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 annualized dividend and a yield of 4.2%. Stag Industrial’s payout ratio is currently 120.16%.

Analyst Upgrades and Downgrades

STAG has been the topic of several analyst reports. Barclays dropped their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Wells Fargo & Company dropped their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Weiss Ratings downgraded Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Evercore reiterated an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $40.00.

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.