Handelsbanken Fonder AB Boosts Position in Stag Industrial, Inc. $STAG

Handelsbanken Fonder AB raised its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 26.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 68,702 shares of the real estate investment trust’s stock after buying an additional 14,500 shares during the period. Handelsbanken Fonder AB’s holdings in Stag Industrial were worth $2,615,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Pacific Heights Asset Management LLC lifted its holdings in shares of Stag Industrial by 25.0% during the 4th quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock valued at $18,380,000 after acquiring an additional 100,000 shares in the last quarter. Friedenthal Financial acquired a new stake in Stag Industrial in the 4th quarter valued at $934,000. Bessemer Group Inc. increased its holdings in Stag Industrial by 8.0% in the 4th quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust’s stock valued at $30,684,000 after purchasing an additional 61,675 shares in the last quarter. Geode Capital Management LLC raised its position in Stag Industrial by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock valued at $140,851,000 after purchasing an additional 65,502 shares during the period. Finally, Renaissance Technologies LLC purchased a new position in Stag Industrial in the first quarter valued at about $3,444,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Price Performance

Shares of NYSE STAG opened at $36.76 on Monday. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. Stag Industrial, Inc. has a fifty-two week low of $34.33 and a fifty-two week high of $42.61. The business has a 50 day moving average price of $38.80 and a two-hundred day moving average price of $38.36. The firm has a market cap of $7.09 billion, a PE ratio of 28.28 and a beta of 0.96.

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

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.3875 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 annualized dividend and a yield of 4.2%. Stag Industrial’s dividend payout ratio is currently 119.23%.

Analysts Set New Price Targets

A number of research analysts have commented on STAG shares. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research note on Sunday. Wells Fargo & Company dropped their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Evercore reissued an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a research report on Wednesday, April 29th. Raymond James Financial began coverage on Stag Industrial in a research report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target on the stock. Finally, Robert W. Baird set a $138.00 price target on Stag Industrial in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.50.

About Stag Industrial

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.