Naples Global Advisors LLC Cuts Stake in Stag Industrial, Inc. $STAG

Naples Global Advisors LLC lowered its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.5% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 14,730 shares of the real estate investment trust’s stock after selling 375 shares during the quarter. Naples Global Advisors LLC’s holdings in Stag Industrial were worth $535,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the stock. Nuveen LLC bought a new position in shares of Stag Industrial during the 1st quarter valued at approximately $129,972,000. Cbre Investment Management Listed Real Assets LLC grew its holdings in Stag Industrial by 152.1% during the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,938,350 shares of the real estate investment trust’s stock valued at $70,013,000 after purchasing an additional 1,169,533 shares during the period. Goldman Sachs Group Inc. increased its position in Stag Industrial by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after buying an additional 451,355 shares during the last quarter. Boston Trust Walden Corp increased its position in Stag Industrial by 17.5% in the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust’s stock worth $106,283,000 after buying an additional 437,527 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Stag Industrial by 606.8% in the first quarter. American Century Companies Inc. now owns 445,853 shares of the real estate investment trust’s stock valued at $16,104,000 after buying an additional 382,771 shares during the period. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STAG shares. Evercore ISI increased their price target on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Cantor Fitzgerald assumed coverage on shares of Stag Industrial in a research report on Wednesday. They set a “neutral” rating and a $37.00 target price for the company. Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research report on Wednesday. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Stag Industrial in a research note on Saturday, September 27th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $38.00.

Insider Buying and Selling at Stag Industrial

In other news, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the sale, the director owned 38,666 shares in the company, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Benjamin S. Butcher sold 25,000 shares of the company’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. This trade represents a 76.78% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

Stag Industrial Stock Up 0.9%

STAG stock opened at $36.23 on Friday. The stock has a 50-day simple moving average of $35.56 and a two-hundred day simple moving average of $35.11. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.21. The firm has a market capitalization of $6.76 billion, a PE ratio of 28.52 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 (NYSE:STAG) last released its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting analysts’ consensus estimates 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%. Stag Industrial’s revenue was up 9.4% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. On average, equities analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a monthly dividend, which was paid on Monday, September 15th. Stockholders of record on Friday, August 29th were issued a $0.1242 dividend. The ex-dividend date of this dividend was Friday, August 29th. This represents a c) annualized dividend and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio is presently 117.32%.

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.