Motley Fool Wealth Management LLC Sells 29,965 Shares of Stag Industrial, Inc. $STAG

Motley Fool Wealth Management LLC lessened its stake in Stag Industrial, Inc. (NYSE:STAG) by 13.8% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 187,708 shares of the real estate investment trust’s stock after selling 29,965 shares during the quarter. Motley Fool Wealth Management LLC owned approximately 0.10% of Stag Industrial worth $6,900,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Outlook Wealth Advisors LLC raised its holdings in Stag Industrial by 26.1% during the 4th quarter. Outlook Wealth Advisors LLC now owns 9,302 shares of the real estate investment trust’s stock valued at $342,000 after acquiring an additional 1,923 shares during the period. Cerity Partners LLC bought a new stake in Stag Industrial during the 4th quarter valued at $1,485,000. O Shaughnessy Asset Management LLC raised its holdings in Stag Industrial by 23.3% during the 4th quarter. O Shaughnessy Asset Management LLC now owns 16,249 shares of the real estate investment trust’s stock valued at $597,000 after acquiring an additional 3,072 shares during the period. JPMorgan Chase & Co. raised its holdings in Stag Industrial by 27.1% during the 4th quarter. JPMorgan Chase & Co. now owns 1,901,227 shares of the real estate investment trust’s stock valued at $69,889,000 after acquiring an additional 405,716 shares during the period. Finally, Pinebridge Investments LLC bought a new stake in Stag Industrial during the 4th quarter valued at $5,258,000. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the topic of a number of analyst reports. Evercore reissued an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Barclays lowered 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. Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a report on Tuesday, February 17th. Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Wells Fargo & Company lowered their target price on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Stag Industrial has a consensus rating of “Hold” and a consensus price target of $40.00.

Stag Industrial Trading Up 2.1%

Stag Industrial stock opened at $37.92 on Wednesday. The stock has a market cap of $7.25 billion, a P/E ratio of 29.40 and a beta of 0.98. Stag Industrial, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $39.99. The firm’s fifty day moving average price is $38.02 and its 200-day moving average price is $38.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.09. The firm had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.52 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. Equities research 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 declared a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued 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 4.1%. Stag Industrial’s dividend payout ratio is presently 120.16%.

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.