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

Leeward Investments LLC MA reduced its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 5.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 405,702 shares of the real estate investment trust’s stock after selling 23,474 shares during the quarter. Leeward Investments LLC MA’s holdings in Stag Industrial were worth $14,528,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STAG. Readystate Asset Management LP purchased a new position in Stag Industrial during the second quarter worth $2,602,000. Oppenheimer Asset Management Inc. purchased a new stake in shares of Stag Industrial in the second quarter valued at $3,693,000. Squarepoint Ops LLC lifted its position in shares of Stag Industrial by 107.7% in the second quarter. Squarepoint Ops LLC now owns 84,332 shares of the real estate investment trust’s stock valued at $3,210,000 after acquiring an additional 43,733 shares in the last quarter. Man Group plc purchased a new stake in shares of Stag Industrial in the second quarter valued at $5,772,000. Finally, Renaissance Technologies LLC purchased a new stake in shares of Stag Industrial in the first quarter valued at $3,444,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Barclays increased their price objective on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Wells Fargo & Company cut their target price on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Evercore reissued an “outperform” rating on shares of Stag Industrial in a research note on Monday, September 14th. Weiss Ratings lowered shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Finally, Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target on the stock in a research note on Monday, August 31st. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Stag Industrial presently has an average rating of “Hold” and a consensus target price of $41.11.

Stag Industrial Stock Down 0.1%

STAG stock opened at $36.41 on Monday. The stock has a market capitalization of $7.02 billion, a P/E ratio of 28.00 and a beta of 0.95. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. Stag Industrial, Inc. has a one year low of $35.14 and a one year high of $42.61. The company has a 50 day moving average price of $36.75 and a two-hundred day moving average price of $37.93.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The business had revenue of $224.37 million during the quarter, compared to analyst estimates of $223.04 million. During the same quarter last year, the firm posted $0.63 earnings per share. The company’s revenue was up 8.1% on a year-over-year basis. As a group, sell-side analysts expect that Stag Industrial, Inc. will post 2.63 EPS for the current year.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial’s business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.