Bridge Creek Capital Management LLC trimmed its position in shares of Stag Industrial Inc (NYSE:STAG) by 0.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 160,067 shares of the real estate investment trust’s stock after selling 575 shares during the period. Stag Industrial accounts for approximately 2.3% of Bridge Creek Capital Management LLC’s investment portfolio, making the stock its 7th biggest position. Bridge Creek Capital Management LLC owned approximately 0.11% of Stag Industrial worth $4,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of STAG. Bowling Portfolio Management LLC bought a new position in Stag Industrial during the third quarter worth $431,000. BTC Capital Management Inc. bought a new position in Stag Industrial during the third quarter worth $282,000. Cascade Investment Advisors Inc. bought a new position in Stag Industrial during the third quarter worth $716,000. Envestnet Asset Management Inc. boosted its position in Stag Industrial by 11.8% during the third quarter. Envestnet Asset Management Inc. now owns 131,173 shares of the real estate investment trust’s stock worth $3,999,000 after purchasing an additional 13,804 shares during the period. Finally, Hall Laurie J Trustee bought a new position in Stag Industrial during the third quarter worth $84,000. Institutional investors and hedge funds own 93.39% of the company’s stock.

STAG stock traded down $0.35 during midday trading on Friday, reaching $32.65. The company had a trading volume of 657,162 shares, compared to its average volume of 1,291,580. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 44.73, a price-to-earnings-growth ratio of 5.19 and a beta of 1.08. The stock has a 50 day moving average price of $31.82 and a 200-day moving average price of $29.05. Stag Industrial Inc has a 1-year low of $17.54 and a 1-year high of $34.09. The company has a debt-to-equity ratio of 0.66, a current ratio of 2.84 and a quick ratio of 2.84.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.12 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.34). The company had revenue of $117.60 million during the quarter, compared to analyst estimates of $116.83 million. Stag Industrial had a net margin of 24.61% and a return on equity of 4.97%. The firm’s revenue for the quarter was up 21.7% compared to the same quarter last year. During the same period last year, the firm earned $0.45 EPS. As a group, research analysts anticipate that Stag Industrial Inc will post 1.86 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.12 per share. This represents a $1.44 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Wednesday, December 30th. Stag Industrial’s payout ratio is 78.26%.

A number of research firms have commented on STAG. Robert W. Baird cut shares of Stag Industrial from an “outperform” rating to a “neutral” rating and set a $35.00 price objective for the company. in a research report on Tuesday, September 22nd. Citigroup boosted their target price on shares of Stag Industrial from $27.00 to $33.00 and gave the company a “neutral” rating in a research report on Thursday, August 13th. Jefferies Financial Group reissued a “buy” rating and issued a $34.00 target price on shares of Stag Industrial in a research report on Tuesday, August 11th. Zacks Investment Research raised shares of Stag Industrial from a “hold” rating to a “buy” rating and set a $35.00 target price for the company in a research report on Saturday, October 3rd. Finally, Raymond James boosted their target price on shares of Stag Industrial from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Wednesday, July 15th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $34.56.

In other Stag Industrial news, CEO Benjamin S. Butcher sold 82,056 shares of the business’s stock in a transaction dated Friday, July 31st. The stock was sold at an average price of $32.25, for a total transaction of $2,646,306.00. Following the completion of the transaction, the chief executive officer now owns 144,144 shares of the company’s stock, valued at $4,648,644. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.20% of the stock is currently owned by insiders.

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.

Further Reading: What is intrinsic value?

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

Receive News & Ratings for Stag Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial and related companies with MarketBeat.com's FREE daily email newsletter.