Pacer Advisors Inc. Sells 19,953 Shares of Stag Industrial, Inc. $STAG

Pacer Advisors Inc. cut its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 14.9% during the 4th quarter, Holdings Channel reports. 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.’s holdings in Stag Industrial were worth $4,179,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Clearstead Advisors LLC increased its stake in shares of Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial in the third quarter worth approximately $27,000. International Assets Investment Management LLC bought a new stake in Stag Industrial in the fourth quarter valued at approximately $51,000. EverSource Wealth Advisors LLC boosted its holdings in Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC increased its position in Stag Industrial by 32.9% during the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 397 shares during the period. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Price Performance

Shares of STAG opened at $38.59 on Tuesday. Stag Industrial, Inc. has a 52-week low of $33.72 and a 52-week high of $39.99. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The business’s 50 day moving average price is $38.27 and its two-hundred day moving average price is $37.95. The firm has a market cap of $7.38 billion, a PE ratio of 29.92 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The firm had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.51 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.61 EPS. On average, equities analysts anticipate that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s dividend payout ratio (DPR) is presently 120.16%.

Analyst Ratings Changes

Several research firms have issued reports on STAG. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Raymond James Financial started coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price objective for the company. 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. Barclays dropped their target price on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Finally, Wells Fargo & Company cut their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $40.40.

Stag Industrial Company Profile

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.