Central Pacific Bank Trust Division Has $187,000 Stock Position in Stag Industrial, Inc. $STAG

Central Pacific Bank Trust Division reduced its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 10.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,163 shares of the real estate investment trust’s stock after selling 580 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Stag Industrial were worth $187,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of STAG. Nuveen LLC acquired a new position in shares of Stag Industrial during the 1st quarter worth about $129,972,000. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Stag Industrial by 152.1% during the 1st quarter. Cbre Investment Management Listed Real Assets LLC now owns 1,938,350 shares of the real estate investment trust’s stock worth $70,013,000 after buying an additional 1,169,533 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Stag Industrial by 442.2% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust’s stock worth $46,144,000 after buying an additional 1,112,757 shares during the period. Woodline Partners LP acquired a new position in shares of Stag Industrial during the 4th quarter worth about $15,446,000. Finally, Goldman Sachs Group Inc. grew its position in shares of Stag Industrial by 37.0% during the 1st 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 period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STAG has been the subject of several analyst reports. Evercore ISI boosted their target price on Stag Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 30th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Two research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.17.

Stag Industrial Trading Down 0.4%

NYSE:STAG opened at $36.27 on Monday. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $40.40. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The stock has a market capitalization of $6.77 billion, a PE ratio of 28.56 and a beta of 0.94. The business’s 50-day simple moving average is $35.74 and its 200-day simple moving average is $35.18.

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

Stag Industrial Announces Dividend

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

Insider Buying and Selling

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the business’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 sale, the director owned 7,562 shares in the company, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

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.