13,477 Stag Industrial, Inc. $STAG Shares Sold by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 662,586 shares of the real estate investment trust’s stock after selling 13,477 shares during the quarter. ProShare Advisors LLC owned about 0.34% of Stag Industrial worth $23,727,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Readystate Asset Management LP bought a new position in Stag Industrial during the second quarter worth about $2,602,000. Oppenheimer Asset Management Inc. bought a new stake in shares of Stag Industrial in the second quarter worth about $3,693,000. Squarepoint Ops LLC increased its holdings 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 worth $3,210,000 after acquiring an additional 43,733 shares in the last quarter. Man Group plc bought a new stake in shares of Stag Industrial in the second quarter worth about $5,772,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Stag Industrial during the first quarter worth about $3,444,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

STAG opened at $37.44 on Tuesday. The company has a market capitalization of $7.22 billion, a price-to-earnings ratio of 26.55 and a beta of 0.95. The business’s 50-day moving average price is $36.74 and its two-hundred day moving average price is $37.88. Stag Industrial, Inc. has a 1 year low of $35.14 and a 1 year high of $42.61. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.13 and a quick ratio of 1.76.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.37 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.29). The firm had revenue of $231.05 million for the quarter, compared to analyst estimates of $227.16 million. Stag Industrial had a return on equity of 7.28% and a net margin of 29.88%. The firm’s quarterly revenue was up 9.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.65 earnings per share. Equities analysts expect that Stag Industrial, Inc. will post 2.64 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.3875 per share. The ex-dividend date of this dividend is Thursday, December 31st. This represents a $1.55 dividend on an annualized basis and a yield of 4.1%. Stag Industrial’s dividend payout ratio is 109.93%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on STAG shares. Evercore reiterated an “outperform” rating on shares of Stag Industrial in a report on Monday, September 14th. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, September 25th. Wells Fargo & Company cut their price target on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Tuesday, September 1st. 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. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $43.00 price target on shares of Stag Industrial in a report on Monday. Four equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.20.

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.