Voya Investment Management LLC Sells 18,099 Shares of Stag Industrial, Inc. $STAG

Voya Investment Management LLC reduced its position in Stag Industrial, Inc. (NYSE:STAG) by 22.2% in the third quarter, Holdings Channel.com reports. The fund owned 63,453 shares of the real estate investment trust’s stock after selling 18,099 shares during the quarter. Voya Investment Management LLC’s holdings in Stag Industrial were worth $2,239,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Private Trust Co. NA lifted its stake in Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 677 shares in the last quarter. Chung Wu Investment Group LLC purchased a new stake in shares of Stag Industrial in the second quarter worth $29,000. EverSource Wealth Advisors LLC boosted its stake in 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 buying an additional 1,048 shares during the period. GAMMA Investing LLC boosted its stake in Stag Industrial by 58.7% during the second quarter. GAMMA Investing LLC now owns 1,458 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 539 shares during the period. Finally, Fortitude Family Office LLC purchased a new position in Stag Industrial during the second quarter worth about $62,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Transactions at Stag Industrial

In related news, EVP Michael Chase sold 13,144 shares of the firm’s stock in a transaction that occurred on Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total transaction of $509,330.00. Following the transaction, the executive vice president directly owned 9,422 shares in the company, valued at $365,102.50. This trade represents a 58.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by insiders.

Stag Industrial Trading Down 0.2%

STAG stock opened at $37.25 on Monday. The company has a market capitalization of $6.96 billion, a PE ratio of 28.65 and a beta of 1.06. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.06 and a current ratio of 1.06. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.73. The company’s 50 day moving average price is $38.40 and its two-hundred day moving average price is $36.78.

Stag Industrial (NYSE:STAG) last issued its earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. The company had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. The firm’s revenue was up 10.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.60 EPS. As a group, analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be paid a $0.1242 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Stag Industrial’s payout ratio is 114.62%.

Analysts Set New Price Targets

Several analysts have weighed in on STAG shares. Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a report on Wednesday, October 1st. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Wells Fargo & Company increased their price target on shares of Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Monday, November 10th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, December 6th. Finally, Citigroup upped their target price on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Stag Industrial has an average rating of “Hold” and a consensus target price of $38.89.

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.