Horizon Investments LLC Takes $780,000 Position in Stag Industrial, Inc. $STAG

Horizon Investments LLC acquired a new stake in shares of Stag Industrial, Inc. (NYSE:STAG) during the fourth quarter, HoldingsChannel reports. The firm acquired 21,215 shares of the real estate investment trust’s stock, valued at approximately $780,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new stake in shares of Stag Industrial during the third quarter valued at approximately $27,000. Root Financial Partners LLC bought a new stake in shares of Stag Industrial during the third quarter valued at approximately $43,000. EverSource Wealth Advisors LLC increased its position in shares of 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 purchasing an additional 1,048 shares during the period. Covestor Ltd increased its position in shares of Stag Industrial by 98.5% during the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 878 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in Stag Industrial by 76.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 764 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Price Performance

Stag Industrial stock opened at $38.60 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market cap of $7.38 billion, a P/E ratio of 29.92 and a beta of 1.00. The business’s fifty day moving average is $38.09 and its two-hundred day moving average is $38.13. Stag Industrial, Inc. has a 52 week low of $33.19 and a 52 week high of $39.99.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.52 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.61 earnings per share. Equities research analysts forecast that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.55 dividend on an annualized basis and a yield of 4.0%. Stag Industrial’s payout ratio is currently 120.16%.

Insiders Place Their Bets

In other Stag Industrial news, EVP Matts Pinard sold 25,242 shares of the business’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total value of $988,981.56. Following the transaction, the executive vice president owned 951 shares of the company’s stock, valued at approximately $37,260.18. The trade was a 96.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Virgis Colbert sold 18,000 shares of the business’s stock in a transaction on Thursday, February 19th. The stock was sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the transaction, the director directly owned 4,210 shares in the company, valued at approximately $160,316.80. This represents a 81.04% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders have sold 136,974 shares of company stock valued at $5,345,904. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on STAG. iA Financial set a $39.00 price target on Stag Industrial in a research note on Tuesday, January 13th. Weiss Ratings lowered Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday. Barclays decreased their price target on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday. Robert W. Baird set a $40.00 price target on Stag Industrial in a research note on Tuesday, February 17th. Finally, Evercore reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Stag Industrial in a research note on Wednesday, April 29th. Two equities 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. Based on data from MarketBeat, Stag Industrial presently has an average rating of “Hold” and a consensus price target of $39.78.

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.