Crawford Investment Counsel Inc. Sells 475,633 Shares of Stag Industrial, Inc. $STAG

Crawford Investment Counsel Inc. lessened its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 66.2% in the fourth quarter, Holdings Channel.com reports. The fund owned 242,328 shares of the real estate investment trust’s stock after selling 475,633 shares during the period. Crawford Investment Counsel Inc.’s holdings in Stag Industrial were worth $8,908,000 at the end of the most recent quarter.

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

Analyst Ratings Changes

A number of equities analysts recently commented on the company. Wells Fargo & Company decreased their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Robert W. Baird set a $40.00 price objective on Stag Industrial in a report on Tuesday, February 17th. Evercore reiterated an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Barclays decreased their price objective on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Finally, JPMorgan Chase & Co. increased their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Stag Industrial presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Stag Industrial Trading Down 0.1%

NYSE STAG opened at $38.47 on Wednesday. Stag Industrial, Inc. has a 12 month low of $33.72 and a 12 month high of $39.99. The stock has a market cap of $7.36 billion, a P/E ratio of 29.82 and a beta of 0.98. The stock’s fifty day moving average price is $38.23 and its 200-day moving average price is $37.99. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87.

Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $221.52 million. During the same period in the prior year, the firm posted $0.61 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. As a group, equities analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently announced 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. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. 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.