Y Intercept Hong Kong Ltd Has $309,000 Stock Holdings in Stag Industrial, Inc. $STAG

Y Intercept Hong Kong Ltd decreased its position in Stag Industrial, Inc. (NYSE:STAG) by 91.9% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,562 shares of the real estate investment trust’s stock after selling 96,530 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Stag Industrial were worth $309,000 as of its most recent SEC filing.

Several other large investors have also modified their holdings of the company. Norges Bank acquired a new position in Stag Industrial in the 4th quarter valued at $295,644,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Stag Industrial by 434,005.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock worth $40,373,000 after acquiring an additional 1,098,033 shares during the period. Heitman Real Estate Securities LLC acquired a new position in Stag Industrial during the 4th quarter worth $33,558,000. Mackenzie Financial Corp acquired a new position in Stag Industrial during the 4th quarter worth $25,459,000. Finally, Balyasny Asset Management L.P. boosted its holdings in Stag Industrial by 1,818.4% during the third quarter. Balyasny Asset Management L.P. now owns 570,931 shares of the real estate investment trust’s stock valued at $20,148,000 after acquiring an additional 541,170 shares during the period. 88.67% of the stock is owned by institutional investors.

Stag Industrial Trading Up 1.3%

STAG stock opened at $39.84 on Thursday. Stag Industrial, Inc. has a 1-year low of $33.72 and a 1-year high of $40.23. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. The business’s 50 day moving average is $38.32 and its 200-day moving average is $38.09. The firm has a market cap of $7.62 billion, a P/E ratio of 30.89 and a beta of 0.97.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. The business had revenue of $224.21 million during the quarter, compared to the consensus estimate of $221.51 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.Stag Industrial’s revenue was up 9.0% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. Equities analysts anticipate that Stag Industrial, Inc. will post 2.64 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 3.9%. The ex-dividend date was Tuesday, June 30th. Stag Industrial’s dividend payout ratio is currently 120.16%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on STAG shares. Wells Fargo & Company lowered their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Barclays cut their price objective on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Evercore reissued an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a research report on Wednesday, April 29th. Finally, Raymond James Financial started coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target on the stock. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $40.40.

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.