Pasadena Private Wealth LLC Has $779,000 Stock Holdings in Stag Industrial, Inc. $STAG

Pasadena Private Wealth LLC cut its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 21,461 shares of the real estate investment trust’s stock after selling 648 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Stag Industrial were worth $779,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in STAG. Nuveen LLC acquired a new stake in Stag Industrial during the first quarter worth about $129,972,000. Cbre Investment Management Listed Real Assets LLC grew its position 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 worth $70,013,000 after buying an additional 1,169,533 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Stag Industrial by 37.0% during 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 in the last quarter. American Century Companies Inc. grew its position in Stag Industrial by 606.8% during the first quarter. American Century Companies Inc. now owns 445,853 shares of the real estate investment trust’s stock worth $16,104,000 after buying an additional 382,771 shares in the last quarter. Finally, Vanguard Group Inc. grew its position in Stag Industrial by 1.3% during the first quarter. Vanguard Group Inc. now owns 26,178,628 shares of the real estate investment trust’s stock worth $945,572,000 after buying an additional 347,729 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Stock Down 0.1%

Shares of STAG opened at $38.61 on Monday. The stock has a market cap of $7.21 billion, a price-to-earnings ratio of 30.40 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, Inc. has a 12 month low of $28.61 and a 12 month high of $39.01. The company has a 50-day moving average price of $36.34 and a two-hundred day moving average price of $35.46.

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

Stag Industrial Dividend Announcement

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

Insider Buying and Selling

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 shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director owned 38,666 shares in the company, valued at $1,361,043.20. The trade was a 4.93% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at 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 transaction of $922,750.00. Following the completion of the transaction, the director 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. Insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Cantor Fitzgerald assumed coverage on Stag Industrial in a research report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 target price 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. Weiss Ratings restated a “hold (c+)” rating on shares of Stag Industrial in a research note on Friday. Finally, Evercore ISI raised their price target on shares of Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research note on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus 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.