Texas Yale Capital Corp. trimmed its holdings in Stag Industrial Inc (NYSE:STAG) by 50.0% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,000 shares of the real estate investment trust’s stock after selling 48,000 shares during the period. Texas Yale Capital Corp.’s holdings in Stag Industrial were worth $1,452,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of STAG. Frontier Capital Management Co. LLC grew its holdings in shares of Stag Industrial by 1.8% in the first quarter. Frontier Capital Management Co. LLC now owns 2,455,856 shares of the real estate investment trust’s stock valued at $72,816,000 after purchasing an additional 43,994 shares during the period. Janus Henderson Group PLC grew its holdings in shares of Stag Industrial by 10.5% in the first quarter. Janus Henderson Group PLC now owns 2,242,065 shares of the real estate investment trust’s stock valued at $66,477,000 after purchasing an additional 212,927 shares during the period. Westwood Holdings Group Inc. grew its holdings in shares of Stag Industrial by 1.9% in the first quarter. Westwood Holdings Group Inc. now owns 2,022,249 shares of the real estate investment trust’s stock valued at $59,960,000 after purchasing an additional 37,930 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of Stag Industrial by 3.2% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,555,175 shares of the real estate investment trust’s stock valued at $38,692,000 after purchasing an additional 48,941 shares during the period. Finally, Norges Bank purchased a new stake in shares of Stag Industrial in the fourth quarter valued at about $31,328,000. Institutional investors and hedge funds own 80.94% of the company’s stock.
STAG stock traded up $0.35 during mid-day trading on Tuesday, hitting $28.97. 9,432 shares of the company were exchanged, compared to its average volume of 865,080. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. The stock has a market capitalization of $3.64 billion, a price-to-earnings ratio of 16.08, a P/E/G ratio of 4.03 and a beta of 0.92. The firm’s fifty day simple moving average is $30.43. Stag Industrial Inc has a 12-month low of $23.24 and a 12-month high of $31.66.
The firm also recently disclosed a monthly dividend, which will be paid on Thursday, August 15th. Stockholders of record on Wednesday, July 31st will be paid a $0.119 dividend. This is a positive change from Stag Industrial’s previous monthly dividend of $0.12. The ex-dividend date of this dividend is Tuesday, July 30th. This represents a $1.43 annualized dividend and a dividend yield of 4.93%. Stag Industrial’s dividend payout ratio (DPR) is presently 79.89%.
Several research analysts have weighed in on STAG shares. Berenberg Bank started coverage on shares of Stag Industrial in a research note on Tuesday, April 23rd. They set a “hold” rating and a $30.00 target price for the company. ValuEngine lowered shares of Stag Industrial from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Finally, Zacks Investment Research lowered shares of Stag Industrial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Stag Industrial currently has a consensus rating of “Hold” and a consensus price target of $30.63.
Stag Industrial Profile
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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