NewEdge Advisors LLC Raises Stock Position in Stag Industrial, Inc. $STAG

NewEdge Advisors LLC grew its stake in Stag Industrial, Inc. (NYSE:STAG) by 102.5% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,577 shares of the real estate investment trust’s stock after purchasing an additional 18,004 shares during the quarter. NewEdge Advisors LLC’s holdings in Stag Industrial were worth $1,283,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of STAG. State Street Corp raised its stake in Stag Industrial by 1.5% in the second quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock worth $347,261,000 after buying an additional 142,132 shares in the last quarter. Norges Bank bought a new stake in Stag Industrial during the 4th quarter valued at approximately $295,644,000. Alliancebernstein L.P. boosted its position in Stag Industrial by 4.3% during the 2nd quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock valued at $143,339,000 after acquiring an additional 162,887 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Stag Industrial by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock worth $140,851,000 after acquiring an additional 65,502 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in shares of Stag Industrial by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,418,556 shares of the real estate investment trust’s stock worth $125,666,000 after acquiring an additional 120,460 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts have recently commented on STAG shares. Barclays raised 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. Robert W. Baird set a $138.00 price target on Stag Industrial in a research note on Friday, July 31st. Raymond James Financial started coverage on Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective for the company. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $50.50.

Stag Industrial Trading Up 0.0%

NYSE STAG opened at $36.76 on Monday. Stag Industrial, Inc. has a 12 month low of $34.33 and a 12 month high of $42.61. The stock has a market cap of $7.09 billion, a P/E ratio of 28.28 and a beta of 0.96. The stock’s fifty day moving average price is $38.80 and its 200-day moving average price is $38.36. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93.

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

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s dividend payout ratio (DPR) is currently 119.23%.

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.