Shepherd Financial Partners LLC Takes $620,000 Position in Stag Industrial, Inc. $STAG

Shepherd Financial Partners LLC purchased a new stake in Stag Industrial, Inc. (NYSE:STAG) in the second quarter, HoldingsChannel reports. The fund purchased 16,302 shares of the real estate investment trust’s stock, valued at approximately $620,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clearstead Advisors LLC increased its stake in Stag Industrial by 193.6% during the fourth 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 during the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Stag Industrial during the third quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new stake in shares of Stag Industrial in the 4th quarter valued at approximately $51,000. EverSource Wealth Advisors LLC lifted its stake in shares of Stag Industrial by 270.1% in 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 purchasing an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC boosted its holdings in shares of Stag Industrial by 32.9% in the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 397 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on STAG shares. Barclays boosted their target price on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Wells Fargo & Company lowered their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Evercore reaffirmed an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research note on Wednesday, April 29th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Sunday. Finally, Robert W. Baird set a $138.00 target price on shares of Stag Industrial in a research note on Friday, July 31st. Three research 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.com, the stock currently has a consensus rating of “Hold” and an average price target of $50.50.

Stag Industrial Stock Down 0.5%

Shares of NYSE STAG opened at $36.39 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76. The company has a market cap of $7.02 billion, a P/E ratio of 28.00 and a beta of 0.96. Stag Industrial, Inc. has a 1 year low of $34.40 and a 1 year high of $42.61. The firm has a 50-day simple moving average of $38.74 and a two-hundred day simple moving average of $38.35.

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 the consensus estimate of $0.65 by ($0.37). The business had revenue of $224.37 million for the quarter, compared to analysts’ expectations of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 EPS. Research analysts anticipate that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors 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 dividend yield of 4.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial’s dividend payout ratio (DPR) is currently 119.23%.

Stag Industrial Company 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.