Victory Capital Management Inc. Reduces Stake in Stag Industrial, Inc. $STAG

Victory Capital Management Inc. reduced its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 4.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 488,595 shares of the real estate investment trust’s stock after selling 21,629 shares during the quarter. Victory Capital Management Inc. owned about 0.26% of Stag Industrial worth $17,243,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC purchased a new position in shares of Stag Industrial in the 3rd quarter worth approximately $43,000. EverSource Wealth Advisors LLC lifted its position in Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,048 shares during the last quarter. Covestor Ltd lifted its position in Stag Industrial by 98.5% in the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 878 shares during the last quarter. Huntington National Bank boosted its stake in Stag Industrial by 16.1% during the third quarter. Huntington National Bank now owns 4,056 shares of the real estate investment trust’s stock worth $143,000 after buying an additional 561 shares during the period. Finally, Aew Capital Management L P increased its position in Stag Industrial by 19.4% during the third quarter. Aew Capital Management L P now owns 4,300 shares of the real estate investment trust’s stock valued at $152,000 after acquiring an additional 700 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

Stag Industrial Trading Up 0.0%

STAG stock opened at $38.37 on Wednesday. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.98. The firm’s 50-day moving average is $38.10 and its 200 day moving average is $37.64. The company has a market capitalization of $7.33 billion, a PE ratio of 26.28 and a beta of 1.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.63 by $0.03. The company had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm’s quarterly revenue was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. On average, research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 annualized dividend and a yield of 4.0%. Stag Industrial’s dividend payout ratio is 106.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on STAG shares. Evercore restated an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Barclays reissued an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Weiss Ratings restated a “buy (b)” rating on shares of Stag Industrial in a research report on Monday, December 22nd. Finally, JPMorgan Chase & Co. increased their price target on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Three analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $39.50.

Insiders Place Their Bets

In other Stag Industrial news, Director Virgis Colbert sold 18,000 shares of Stag Industrial stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total transaction of $685,440.00. Following the completion of the sale, the director directly owned 4,210 shares of the company’s stock, valued at $160,316.80. The trade was a 81.04% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO William R. Crooker sold 93,732 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 136,974 shares of company stock worth $5,345,904 in the last ninety days. 1.10% of the stock is owned by company insiders.

Stag Industrial 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.