Stag Industrial, Inc. $STAG Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its holdings in Stag Industrial, Inc. (NYSE:STAG) by 5.5% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 405,702 shares of the real estate investment trust’s stock after selling 23,474 shares during the quarter. Leeward Investments LLC MA owned about 0.21% of Stag Industrial worth $14,528,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. EverSource Wealth Advisors LLC boosted its position in shares of Stag Industrial by 22.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 285 shares in the last quarter. Nissay Asset Management Corp Japan grew its stake in shares of Stag Industrial by 1.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 29,952 shares of the real estate investment trust’s stock worth $1,140,000 after purchasing an additional 302 shares during the period. Community Bank N.A. grew its stake in shares of Stag Industrial by 55.9% during the 2nd quarter. Community Bank N.A. now owns 951 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 341 shares during the period. Fifth Third Wealth Advisors LLC grew its stake in shares of Stag Industrial by 6.1% during the 3rd quarter. Fifth Third Wealth Advisors LLC now owns 6,316 shares of the real estate investment trust’s stock worth $226,000 after purchasing an additional 363 shares during the period. Finally, Central Pacific Bank Trust Division increased its holdings in shares of Stag Industrial by 6.5% in the 3rd quarter. Central Pacific Bank Trust Division now owns 6,390 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 390 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on STAG shares. Wells Fargo & Company reduced their price objective on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a research note on Tuesday, September 1st. Evercore restated an “outperform” rating on shares of Stag Industrial in a research report on Monday, September 14th. Weiss Ratings lowered shares of Stag Industrial from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, September 25th. Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 target price for the company in a report on Monday, August 31st. Finally, Barclays lifted their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.11.

Stag Industrial Stock Down 0.1%

STAG opened at $36.41 on Monday. The business’s fifty day moving average is $36.75 and its two-hundred day moving average is $37.93. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The company has a market cap of $7.02 billion, a price-to-earnings ratio of 28.00 and a beta of 0.95. Stag Industrial, Inc. has a one year low of $35.14 and a one year high of $42.61.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). The firm had revenue of $224.37 million during the quarter, compared to analysts’ expectations of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.63 EPS. Analysts anticipate that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Profile

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.