Westpac Banking Corp Trims Position in Stag Industrial, Inc. (NYSE:STAG)

Westpac Banking Corp cut its holdings in Stag Industrial, Inc. (NYSE:STAG) by 66.4% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,708 shares of the real estate investment trust’s stock after selling 92,500 shares during the quarter. Westpac Banking Corp owned approximately 0.05% of Stag Industrial worth $1,289,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of STAG. Teachers Advisors LLC lifted its holdings in Stag Industrial by 21.7% in the fourth quarter. Teachers Advisors LLC now owns 140,126 shares of the real estate investment trust’s stock worth $3,345,000 after buying an additional 24,955 shares during the period. Bank of Montreal Can lifted its holdings in Stag Industrial by 98.4% in the first quarter. Bank of Montreal Can now owns 83,522 shares of the real estate investment trust’s stock worth $2,089,000 after buying an additional 41,428 shares during the period. Retirement Systems of Alabama lifted its holdings in Stag Industrial by 17.7% in the first quarter. Retirement Systems of Alabama now owns 104,889 shares of the real estate investment trust’s stock worth $2,624,000 after buying an additional 15,800 shares during the period. Nationwide Fund Advisors lifted its holdings in Stag Industrial by 523.9% in the first quarter. Nationwide Fund Advisors now owns 273,170 shares of the real estate investment trust’s stock worth $6,835,000 after buying an additional 229,386 shares during the period. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of Stag Industrial during the first quarter valued at approximately $478,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

WARNING: “Westpac Banking Corp Trims Position in Stag Industrial, Inc. (NYSE:STAG)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/09/25/westpac-banking-corp-has-1-29-million-position-in-stag-industrial-inc-stag.html.

In other news, EVP Peter S. Fearey sold 1,033 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $28.71, for a total transaction of $29,657.43. Following the completion of the sale, the executive vice president now owns 2,506 shares in the company, valued at approximately $71,947.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Several research firms have recently issued reports on STAG. UBS AG upgraded shares of Stag Industrial from a “sell” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $28.00 in a report on Friday, September 8th. ValuEngine upgraded shares of Stag Industrial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and set a $32.00 target price (up from $31.00) on shares of Stag Industrial in a report on Tuesday, August 22nd. Evercore ISI upgraded shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Monday, August 14th. Finally, Raymond James Financial, Inc. lifted their target price on shares of Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $27.56.

Shares of Stag Industrial, Inc. (STAG) opened at 27.76 on Monday. The company has a market cap of $2.56 billion, a P/E ratio of 103.58 and a beta of 1.21. The firm has a 50-day moving average of $27.75 and a 200-day moving average of $26.81. Stag Industrial, Inc. has a 52-week low of $21.21 and a 52-week high of $28.95.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $72.20 million during the quarter, compared to analysts’ expectations of $71.44 million. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. Equities research analysts forecast that Stag Industrial, Inc. will post ($0.01) earnings per share for the

A number of other institutional investors and hedge funds also recently modified their holdings of STAG. Teachers Advisors LLC lifted its holdings in Stag Industrial by 21.7% in the fourth quarter. Teachers Advisors LLC now owns 140,126 shares of the real estate investment trust’s stock worth $3,345,000 after buying an additional 24,955 shares during the period. Bank of Montreal Can lifted its holdings in Stag Industrial by 98.4% in the first quarter. Bank of Montreal Can now owns 83,522 shares of the real estate investment trust’s stock worth $2,089,000 after buying an additional 41,428 shares during the period. Retirement Systems of Alabama lifted its holdings in Stag Industrial by 17.7% in the first quarter. Retirement Systems of Alabama now owns 104,889 shares of the real estate investment trust’s stock worth $2,624,000 after buying an additional 15,800 shares during the period. Nationwide Fund Advisors lifted its holdings in Stag Industrial by 523.9% in the first quarter. Nationwide Fund Advisors now owns 273,170 shares of the real estate investment trust’s stock worth $6,835,000 after buying an additional 229,386 shares during the period. Finally, DUPONT CAPITAL MANAGEMENT Corp purchased a new position in shares of Stag Industrial during the first quarter valued at approximately $478,000. Institutional investors and hedge funds own 81.24% of the company’s stock.

WARNING: “Westpac Banking Corp Trims Position in Stag Industrial, Inc. (NYSE:STAG)” was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this article on another domain, it was illegally copied and republished in violation of U.S. and international trademark and copyright law. The legal version of this article can be viewed at https://ledgergazette.com/2017/09/25/westpac-banking-corp-has-1-29-million-position-in-stag-industrial-inc-stag.html.

In other news, EVP Peter S. Fearey sold 1,033 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $28.71, for a total transaction of $29,657.43. Following the completion of the sale, the executive vice president now owns 2,506 shares in the company, valued at approximately $71,947.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.00% of the stock is currently owned by insiders.

Several research firms have recently issued reports on STAG. UBS AG upgraded shares of Stag Industrial from a “sell” rating to a “neutral” rating and lifted their target price for the company from $21.00 to $28.00 in a report on Friday, September 8th. ValuEngine upgraded shares of Stag Industrial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. Jefferies Group LLC reiterated a “buy” rating and set a $32.00 target price (up from $31.00) on shares of Stag Industrial in a report on Tuesday, August 22nd. Evercore ISI upgraded shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 target price for the company in a report on Monday, August 14th. Finally, Raymond James Financial, Inc. lifted their target price on shares of Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $27.56.

Shares of Stag Industrial, Inc. (STAG) opened at 27.76 on Monday. The company has a market cap of $2.56 billion, a P/E ratio of 103.58 and a beta of 1.21. The firm has a 50-day moving average of $27.75 and a 200-day moving average of $26.81. Stag Industrial, Inc. has a 52-week low of $21.21 and a 52-week high of $28.95.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 EPS for the quarter, hitting the consensus estimate of $0.41. The company had revenue of $72.20 million during the quarter, compared to analysts’ expectations of $71.44 million. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. The firm’s revenue was up 19.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.38 EPS. Equities research analysts forecast that Stag Industrial, Inc. will post ($0.01) earnings per share for the current year.

The business also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.1175 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.41 annualized dividend and a dividend yield of 5.08%. Stag Industrial’s dividend payout ratio is presently 503.57%.

Stag Industrial Profile

STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.

Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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