Stag Industrial Inc (NYSE:STAG) Shares Purchased by GW&K Investment Management LLC

GW&K Investment Management LLC increased its stake in shares of Stag Industrial Inc (NYSE:STAG) by 17.6% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 2,406,553 shares of the real estate investment trust’s stock after purchasing an additional 360,563 shares during the period. Stag Industrial accounts for about 1.0% of GW&K Investment Management LLC’s holdings, making the stock its 11th biggest position. GW&K Investment Management LLC owned about 1.81% of Stag Industrial worth $70,945,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the stock. Coastal Investment Advisors Inc. raised its position in shares of Stag Industrial by 7.3% during the 3rd quarter. Coastal Investment Advisors Inc. now owns 4,987 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 340 shares during the last quarter. Canton Hathaway LLC raised its position in shares of Stag Industrial by 7.0% during the 2nd quarter. Canton Hathaway LLC now owns 5,458 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 358 shares during the last quarter. San Francisco Sentry Investment Group CA raised its position in shares of Stag Industrial by 3.5% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 14,757 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Stag Industrial by 2.4% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,086 shares of the real estate investment trust’s stock worth $975,000 after purchasing an additional 763 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in shares of Stag Industrial by 1.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 77,297 shares of the real estate investment trust’s stock worth $2,337,000 after purchasing an additional 815 shares during the last quarter. Hedge funds and other institutional investors own 88.99% of the company’s stock.

STAG has been the subject of several analyst reports. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Zacks Investment Research upgraded Stag Industrial from a “sell” rating to a “hold” rating in a report on Friday, October 4th. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Stag Industrial presently has a consensus rating of “Hold” and a consensus target price of $31.33.

STAG traded up $0.02 during trading on Friday, hitting $30.02. The company’s stock had a trading volume of 723,335 shares, compared to its average volume of 971,748. The firm’s 50 day moving average price is $30.26 and its 200-day moving average price is $29.88. The company has a debt-to-equity ratio of 0.73, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $3.99 billion, a PE ratio of 16.77, a PEG ratio of 4.09 and a beta of 0.86. Stag Industrial Inc has a twelve month low of $23.24 and a twelve month high of $31.66.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.39). The business had revenue of $102.42 million during the quarter, compared to analyst estimates of $100.78 million. Stag Industrial had a net margin of 19.96% and a return on equity of 4.35%. The company’s revenue was up 15.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.45 earnings per share. Equities analysts anticipate that Stag Industrial Inc will post 1.83 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Stockholders of record on Thursday, October 31st will be issued a dividend of $0.119 per share. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 4.76%. Stag Industrial’s payout ratio is 79.89%.

In other news, EVP Jeffrey M. Sullivan sold 35,815 shares of the company’s stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $29.37, for a total transaction of $1,051,886.55. Following the completion of the sale, the executive vice president now directly owns 35,815 shares in the company, valued at approximately $1,051,886.55. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 1.50% of the company’s stock.

About Stag Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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

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