Stag Industrial, Inc. $STAG Position Increased by Principal Financial Group Inc.

Principal Financial Group Inc. raised its stake in Stag Industrial, Inc. (NYSE:STAG) by 6.2% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 426,483 shares of the real estate investment trust’s stock after acquiring an additional 24,740 shares during the period. Principal Financial Group Inc.’s holdings in Stag Industrial were worth $15,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of STAG. Clearstead Advisors LLC boosted its stake in shares of Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC acquired a new stake in Stag Industrial during the 3rd quarter worth about $27,000. International Assets Investment Management LLC acquired a new stake in shares of Stag Industrial during the fourth quarter worth approximately $51,000. EverSource Wealth Advisors LLC grew its holdings in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC raised its holdings 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 and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Performance

STAG opened at $40.48 on Friday. The stock’s 50 day simple moving average is $38.67 and its 200-day simple moving average is $38.28. 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 stock has a market cap of $7.74 billion, a PE ratio of 31.38 and a beta of 0.97. Stag Industrial, Inc. has a 1 year low of $33.72 and a 1 year high of $42.61.

Stag Industrial (NYSE:STAG) last issued 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 firm had revenue of $224.21 million during the quarter, compared to analysts’ expectations of $221.51 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.Stag Industrial’s quarterly revenue was up 9.0% compared to the same quarter last year. During the same period last year, the business earned $0.61 earnings per share. Sell-side analysts forecast that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Stag Industrial Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Stag Industrial’s dividend payout ratio is 120.16%.

Wall Street Analyst Weigh In

STAG has been the topic of a number of recent research reports. Barclays boosted their target price on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Evercore reiterated an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a report on Wednesday, April 29th. Wells Fargo & Company lowered their price objective 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. Weiss Ratings lowered Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Finally, Raymond James Financial assumed coverage on Stag Industrial in a research note on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price for the company. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $40.70.

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.