Pacer Advisors Inc. Has $4.18 Million Holdings in Stag Industrial, Inc. $STAG

Pacer Advisors Inc. lessened its stake in Stag Industrial, Inc. (NYSE:STAG) by 14.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 113,676 shares of the real estate investment trust’s stock after selling 19,953 shares during the quarter. Pacer Advisors Inc. owned about 0.06% of Stag Industrial worth $4,179,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. VIRGINIA RETIREMENT SYSTEMS ET Al raised its stake in Stag Industrial by 1.1% in the fourth quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 305,492 shares of the real estate investment trust’s stock valued at $11,230,000 after purchasing an additional 3,400 shares in the last quarter. Naples Global Advisors LLC raised its stake in Stag Industrial by 4.5% in the fourth quarter. Naples Global Advisors LLC now owns 16,286 shares of the real estate investment trust’s stock valued at $601,000 after purchasing an additional 701 shares in the last quarter. Drucker Wealth 3.0 LLC raised its stake in Stag Industrial by 13.5% in the fourth quarter. Drucker Wealth 3.0 LLC now owns 25,271 shares of the real estate investment trust’s stock valued at $929,000 after purchasing an additional 3,009 shares in the last quarter. International Assets Investment Management LLC acquired a new position in Stag Industrial in the fourth quarter valued at about $51,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Stag Industrial by 3.5% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 146,045 shares of the real estate investment trust’s stock valued at $5,392,000 after purchasing an additional 4,975 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Activity

In other news, CEO William R. Crooker sold 93,732 shares of the company’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Virgis Colbert sold 18,000 shares of the company’s stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the transaction, the director directly owned 4,210 shares of the company’s stock, valued at $160,316.80. This represents a 81.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 136,974 shares of company stock valued at $5,345,904 over the last quarter. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of research analysts recently commented on STAG shares. Barclays dropped their price target on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Robert W. Baird set a $40.00 target price on Stag Industrial in a research note on Tuesday, February 17th. JPMorgan Chase & Co. boosted their target price on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Evercore reissued an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Finally, Weiss Ratings downgraded Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.78.

Stag Industrial Stock Down 0.7%

Shares of NYSE STAG opened at $38.37 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. The company has a market cap of $7.34 billion, a price-to-earnings ratio of 29.75 and a beta of 1.00. Stag Industrial, Inc. has a 12 month low of $33.72 and a 12 month high of $39.99. The stock has a 50-day moving average price of $38.05 and a two-hundred day moving average price of $38.13.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 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 firm had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.52 million. During the same quarter in the previous year, the firm earned $0.61 earnings per share. The business’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, analysts forecast that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. Stag Industrial’s dividend payout ratio is currently 120.16%.

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.