Stag Industrial, Inc. $STAG Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 4.2% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 463,089 shares of the real estate investment trust’s stock after selling 20,461 shares during the quarter. Leeward Investments LLC MA owned 0.25% of Stag Industrial worth $16,801,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC increased its stake in Stag Industrial by 8.7% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust’s stock worth $587,000 after purchasing an additional 1,295 shares during the period. Janney Montgomery Scott LLC increased its stake in Stag Industrial by 4.7% during the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust’s stock worth $459,000 after purchasing an additional 571 shares during the period. Allspring Global Investments Holdings LLC increased its stake in Stag Industrial by 28.3% during the first quarter. Allspring Global Investments Holdings LLC now owns 214,926 shares of the real estate investment trust’s stock worth $7,787,000 after purchasing an additional 47,360 shares during the period. Tsfg LLC purchased a new stake in Stag Industrial during the first quarter worth about $32,000. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Stag Industrial by 2.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 202,496 shares of the real estate investment trust’s stock worth $7,314,000 after purchasing an additional 4,752 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Price Performance

STAG stock opened at $38.61 on Friday. The business has a 50 day moving average price of $36.34 and a 200 day moving average price of $35.44. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 30.40 and a beta of 0.92. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.01. 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 posted its earnings results 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 firm had revenue of $207.44 million during 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%.The firm’s revenue was up 9.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.61 earnings per share. Equities research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

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

Insider Activity at Stag Industrial

In related news, Director Larry T. Guillemette sold 2,004 shares of the business’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 completion of the sale, the director owned 38,666 shares in the company, valued at $1,361,043.20. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 of the company’s stock, valued at approximately $279,113.42. The trade was a 76.78% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Industrial Alliance Securities set a $37.00 price target on shares of Stag Industrial in a research note on Wednesday, October 1st. Cantor Fitzgerald assumed coverage on Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 price objective for the company. Evercore ISI boosted their price objective on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. 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 company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $38.00.

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.