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

NewEdge Advisors LLC boosted its holdings in Stag Industrial, Inc. (NYSE:STAG) by 102.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,577 shares of the real estate investment trust’s stock after acquiring 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 have also added to or reduced their stakes in STAG. Pacific Heights Asset Management LLC increased its holdings in Stag Industrial by 25.0% in the 4th quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock worth $18,380,000 after buying an additional 100,000 shares in the last quarter. Friedenthal Financial bought a new position in Stag Industrial during the 4th quarter valued at about $934,000. Bessemer Group Inc. lifted its stake in Stag Industrial by 8.0% during the 4th quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust’s stock valued at $30,684,000 after acquiring an additional 61,675 shares during the period. Geode Capital Management LLC boosted 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 valued at $140,851,000 after acquiring an additional 65,502 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in shares of Stag Industrial by 8.0% during the 1st quarter. Bank of America Corp DE now owns 1,500,536 shares of the real estate investment trust’s stock valued at $54,109,000 after acquiring an additional 111,001 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Stock Up 0.0%

STAG stock opened at $36.76 on Monday. The company has a market cap of $7.09 billion, a price-to-earnings ratio of 28.28 and a beta of 0.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The business’s 50-day moving average is $38.80 and its two-hundred day moving average is $38.36. Stag Industrial, Inc. has a fifty-two week low of $34.33 and a fifty-two week high of $42.61.

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

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s payout ratio is 119.23%.

Analyst Ratings Changes

A number of analysts have recently commented on STAG shares. Evercore reiterated an “outperform” rating and issued a $44.00 price target 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. Robert W. Baird set a $138.00 target price on shares of Stag Industrial in a report on Friday, July 31st. Barclays lifted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Finally, Weiss Ratings reiterated a “buy (b-)” rating 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 issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $50.50.

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.