Stag Industrial Inc (STAG) Shares Sold by First Allied Advisory Services Inc.

First Allied Advisory Services Inc. lessened its position in Stag Industrial Inc (NYSE:STAG) by 15.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 38,645 shares of the real estate investment trust’s stock after selling 7,286 shares during the quarter. First Allied Advisory Services Inc.’s holdings in Stag Industrial were worth $1,061,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in STAG. Prudential Financial Inc. boosted its holdings in shares of Stag Industrial by 4,447.1% during the second quarter. Prudential Financial Inc. now owns 1,508,779 shares of the real estate investment trust’s stock worth $41,643,000 after purchasing an additional 1,475,598 shares during the period. Oak Ridge Investments LLC purchased a new stake in shares of Stag Industrial during the second quarter worth about $37,394,000. Vanguard Group Inc. boosted its holdings in shares of Stag Industrial by 5.4% during the second quarter. Vanguard Group Inc. now owns 13,381,991 shares of the real estate investment trust’s stock worth $369,344,000 after purchasing an additional 691,105 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Stag Industrial by 15.0% during the second quarter. Bank of New York Mellon Corp now owns 4,950,893 shares of the real estate investment trust’s stock worth $136,644,000 after purchasing an additional 646,968 shares during the period. Finally, Citadel Advisors LLC boosted its holdings in shares of Stag Industrial by 515.0% during the second quarter. Citadel Advisors LLC now owns 431,767 shares of the real estate investment trust’s stock worth $11,917,000 after purchasing an additional 361,556 shares during the period. 82.08% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms have recently weighed in on STAG. Jefferies Group 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 raised shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price target for the company in a research note on Monday, August 14th. TheStreet raised shares of Stag Industrial from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a research note on Friday, November 3rd. Finally, BidaskClub raised shares of Stag Industrial from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus price target of $28.25.

Shares of Stag Industrial Inc (STAG) traded up $0.28 during midday trading on Monday, hitting $28.00. 427,200 shares of the company’s stock were exchanged, compared to its average volume of 691,453. Stag Industrial Inc has a fifty-two week low of $22.64 and a fifty-two week high of $28.95. The company has a market capitalization of $2,634.31, a P/E ratio of 16.77, a price-to-earnings-growth ratio of 3.09 and a beta of 1.25. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 0.62.

Stag Industrial (NYSE:STAG) last announced its earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.42 by $0.01. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The business had revenue of $78.14 million during the quarter, compared to the consensus estimate of $76.17 million. During the same quarter last year, the firm earned $0.40 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. research analysts forecast that Stag Industrial Inc will post 1.68 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.1183 per share. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.07%. The ex-dividend date of this dividend is Tuesday, February 27th. Stag Industrial’s dividend payout ratio is 261.12%.

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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.

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

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