Janus Henderson Group PLC Sells 29,658 Shares of Stag Industrial, Inc. $STAG

Janus Henderson Group PLC decreased its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.5% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 1,142,633 shares of the real estate investment trust’s stock after selling 29,658 shares during the period. Janus Henderson Group PLC’s holdings in Stag Industrial were worth $41,203,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of STAG. Clearstead Advisors LLC increased its position in Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in shares of Stag Industrial in the third quarter valued at $27,000. International Assets Investment Management LLC acquired a new position in shares of Stag Industrial during the fourth quarter valued at about $51,000. EverSource Wealth Advisors LLC grew its holdings in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC increased its position in shares of Stag Industrial by 32.9% during the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 397 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Evercore reissued an “outperform” rating and issued a $44.00 price target on shares of Stag Industrial in a research report on Wednesday, April 29th. Raymond James Financial began coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price objective on the stock. Wells Fargo & Company reduced their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Barclays increased their price target on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Finally, Robert W. Baird set a $138.00 price objective on shares of Stag Industrial in a report on Friday. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $50.50.

Stag Industrial Stock Performance

Stag Industrial stock opened at $38.24 on Monday. Stag Industrial, Inc. has a 1-year low of $33.72 and a 1-year high of $42.61. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. The firm has a market capitalization of $7.37 billion, a PE ratio of 29.42 and a beta of 0.96. The firm’s 50 day simple moving average is $38.87 and its 200 day simple moving average is $38.37.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. During the same period in the previous year, the business earned $0.63 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, analysts expect that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s payout ratio is presently 119.23%.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.