Knights of Columbus Asset Advisors LLC Makes New Investment in Stag Industrial, Inc. $STAG

Knights of Columbus Asset Advisors LLC acquired a new stake in shares of Stag Industrial, Inc. (NYSE:STAG) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 31,931 shares of the real estate investment trust’s stock, valued at approximately $1,127,000.

A number of other hedge funds have also recently modified their holdings of the stock. Private Trust Co. NA raised its position in Stag Industrial by 2,183.9% during the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 677 shares in the last quarter. Chung Wu Investment Group LLC acquired a new stake in shares of Stag Industrial during the 2nd quarter worth approximately $29,000. Root Financial Partners LLC acquired a new stake in shares of Stag Industrial during the 3rd quarter worth approximately $43,000. EverSource Wealth Advisors LLC grew its position in Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Stag Industrial by 58.7% in the second quarter. GAMMA Investing LLC now owns 1,458 shares of the real estate investment trust’s stock valued at $53,000 after buying an additional 539 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insiders Place Their Bets

In related news, EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction dated Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the completion of the sale, the executive vice president owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. This represents a 58.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on STAG. Citigroup increased their target price on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Evercore ISI upped their price target on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a report on Friday, October 31st. Wall Street Zen lowered Stag Industrial from a “hold” rating to a “sell” rating in a report on Saturday, January 3rd. Industrial Alliance Securities set a $39.00 price objective on Stag Industrial in a research report on Tuesday, January 13th. Finally, Robert W. Baird increased their target price on Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $39.33.

Stag Industrial Stock Performance

Shares of NYSE:STAG opened at $37.50 on Friday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.06 and a quick ratio of 1.06. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $39.73. The firm has a market capitalization of $7.00 billion, a PE ratio of 28.85 and a beta of 1.06. The business’s 50 day moving average price is $37.74 and its 200-day moving average price is $36.95.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a return on equity of 6.84% and a net margin of 29.24%.The company had revenue of $211.12 million for the quarter, compared to analyst estimates of $210.26 million. During the same quarter last year, the firm posted $0.60 EPS. The firm’s revenue for the quarter was up 10.7% on a year-over-year basis. As a group, equities research analysts expect that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is currently 114.62%.

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.