Aristotle Capital Boston LLC Reduces Position in Stag Industrial, Inc. $STAG

Aristotle Capital Boston LLC decreased its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 9.9% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 677,516 shares of the real estate investment trust’s stock after selling 74,054 shares during the quarter. Stag Industrial accounts for 1.4% of Aristotle Capital Boston LLC’s portfolio, making the stock its 20th largest position. Aristotle Capital Boston LLC’s holdings in Stag Industrial were worth $24,906,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of STAG. Norges Bank purchased a new position in Stag Industrial during the fourth quarter worth $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Stag Industrial by 434,005.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock worth $40,373,000 after buying an additional 1,098,033 shares in the last quarter. Heitman Real Estate Securities LLC purchased a new position in Stag Industrial during the fourth quarter worth $33,558,000. Balyasny Asset Management L.P. increased its position in Stag Industrial by 1,818.4% during the third quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock worth $20,148,000 after buying an additional 541,170 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Stag Industrial by 37.0% during the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after buying an additional 451,355 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the topic of several analyst reports. Barclays decreased their price objective on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Raymond James Financial set a $44.00 price objective on Stag Industrial in a report on Wednesday. Evercore restated an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Wells Fargo & Company decreased their price objective on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. raised 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 research 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 data from MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and a consensus price target of $40.40.

Stag Industrial Price Performance

Shares of Stag Industrial stock opened at $37.24 on Thursday. Stag Industrial, Inc. has a twelve month low of $33.72 and a twelve month high of $39.99. The stock has a market capitalization of $7.12 billion, a P/E ratio of 28.87 and a beta of 0.98. 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 business’s fifty day moving average price is $38.24 and its 200 day moving average price is $37.98.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating 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 quarter last year, the firm earned $0.61 earnings per share. The firm’s revenue for the quarter was up 9.0% compared to the same quarter last year. As a group, research analysts anticipate that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. Stag Industrial’s dividend payout ratio (DPR) 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.