STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Means Investment CO. Inc.


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Means Investment CO. Inc. raised its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 14.5% during the 1st quarter, Holdings Channel reports. The institutional investor owned 13,306 shares of the real estate investment trust’s stock after buying an additional 1,682 shares during the period. Means Investment CO. Inc.’s holdings in STAG Industrial were worth $447,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the business. Assetmark Inc. increased its stake in STAG Industrial by 19.6% during the 4th quarter. Assetmark Inc. now owns 2,201 shares of the real estate investment trust’s stock valued at $69,000 after buying an additional 361 shares during the period. Spirit of America Management Corp NY grew its stake in shares of STAG Industrial by 1.0% in the 4th quarter. Spirit of America Management Corp NY now owns 50,850 shares of the real estate investment trust’s stock worth $1,593,000 after purchasing an additional 500 shares during the last quarter. Planned Solutions Inc. grew its stake in shares of STAG Industrial by 111.1% in the 4th quarter. Planned Solutions Inc. now owns 950 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 500 shares during the last quarter. Schroder Investment Management Group grew its stake in shares of STAG Industrial by 0.3% in the 4th quarter. Schroder Investment Management Group now owns 167,093 shares of the real estate investment trust’s stock worth $5,233,000 after purchasing an additional 536 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC grew its stake in shares of STAG Industrial by 11.6% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 6,010 shares of the real estate investment trust’s stock worth $188,000 after purchasing an additional 626 shares during the last quarter. 91.06% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on STAG. Zacks Investment Research cut shares of STAG Industrial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 20th. JPMorgan Chase & Co. cut shares of STAG Industrial from an “overweight” rating to a “neutral” rating and set a $33.00 price objective on the stock. in a research note on Monday, December 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $33.78.

Shares of STAG stock traded up $0.25 on Thursday, reaching $34.80. 5,819 shares of the company’s stock traded hands, compared to its average volume of 1,084,953. STAG Industrial, Inc. has a 12-month low of $22.18 and a 12-month high of $34.93. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.83 and a current ratio of 1.83. The company has a market capitalization of $5.54 billion, a P/E ratio of 42.65, a price-to-earnings-growth ratio of 5.44 and a beta of 0.92. The business’s 50 day moving average price is $33.05 and its two-hundred day moving average price is $31.56.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 10th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.16. STAG Industrial had a return on equity of 5.32% and a net margin of 26.59%. The business had revenue of $129.90 million for the quarter, compared to the consensus estimate of $121.63 million. During the same quarter in the previous year, the company posted $0.47 earnings per share. STAG Industrial’s revenue for the quarter was up 16.8% compared to the same quarter last year. Research analysts predict that STAG Industrial, Inc. will post 1.87 earnings per share for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 31st will be given a dividend of $0.1208 per share. The ex-dividend date is Tuesday, March 30th. This represents a $1.45 dividend on an annualized basis and a yield of 4.17%. STAG Industrial’s payout ratio is 78.80%.

STAG Industrial Company Profile

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

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

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