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

Crawford Investment Counsel Inc. decreased its position in Stag Industrial, Inc. (NYSE:STAG) by 66.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 242,328 shares of the real estate investment trust’s stock after selling 475,633 shares during the quarter. Crawford Investment Counsel Inc. owned 0.13% of Stag Industrial worth $8,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. Clearstead Advisors LLC lifted its position in Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in Stag Industrial in the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC bought a new stake in Stag Industrial in the 4th quarter worth approximately $51,000. EverSource Wealth Advisors LLC lifted its position in Stag Industrial by 270.1% in the 2nd 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. Finally, Root Financial Partners LLC lifted its position in Stag Industrial by 32.9% in the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after buying an additional 397 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Performance

Shares of STAG stock opened at $38.47 on Wednesday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. Stag Industrial, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $39.99. The stock has a 50 day moving average price of $38.23 and a two-hundred day moving average price of $37.99. The company has a market capitalization of $7.36 billion, a P/E ratio of 29.82 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $221.52 million. During the same quarter in the previous year, the company posted $0.61 earnings per share. The business’s revenue was up 9.0% on a year-over-year basis. Analysts expect that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm 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 dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is currently 120.16%.

Analyst Upgrades and Downgrades

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

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.