Stag Industrial, Inc. $STAG Shares Acquired by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in Stag Industrial, Inc. (NYSE:STAG) by 26.8% in the 2nd quarter, Holdings Channel reports. The institutional investor owned 68,702 shares of the real estate investment trust’s stock after buying an additional 14,500 shares during the period. Handelsbanken Fonder AB’s holdings in Stag Industrial were worth $2,615,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of STAG. Clearstead Advisors LLC lifted its holdings in Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial in the 3rd quarter worth 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 increased its holdings 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 acquiring an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in shares of Stag Industrial by 32.9% during the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 397 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on STAG. Robert W. Baird set a $138.00 price objective on Stag Industrial in a research note on Friday, July 31st. Barclays increased their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Raymond James Financial assumed coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target on the stock. Wells Fargo & Company decreased their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a research report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and a consensus target price of $50.50.

Stag Industrial Price Performance

Shares of NYSE STAG opened at $36.76 on Monday. 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 firm has a market capitalization of $7.09 billion, a PE ratio of 28.28 and a beta of 0.96. Stag Industrial, Inc. has a 1-year low of $34.33 and a 1-year high of $42.61. The business’s fifty day moving average price is $38.80 and its two-hundred day moving average price is $38.36.

Stag Industrial (NYSE:STAG) last announced 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 firm had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The business’s revenue was up 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.63 EPS. On average, research analysts expect that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently announced 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 of this dividend is Wednesday, September 30th. Stag Industrial’s payout ratio is presently 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.