The Manufacturers Life Insurance Company Invests $5.11 Million in Stag Industrial, Inc. $STAG

The Manufacturers Life Insurance Company acquired a new stake in Stag Industrial, Inc. (NYSE:STAG) in the 2nd quarter, HoldingsChannel reports. The fund acquired 134,179 shares of the real estate investment trust’s stock, valued at approximately $5,107,000.

Several other hedge funds and other institutional investors have also made changes to their positions in STAG. Visionary Wealth Advisors acquired a new position in Stag Industrial during the second quarter worth $215,000. Sanctuary Advisors LLC acquired a new stake in Stag Industrial in the second quarter valued at $841,000. Elevation Point Wealth Partners LLC acquired a new stake in Stag Industrial in the second quarter valued at $390,000. Commerce Bank bought a new position in shares of Stag Industrial in the 2nd quarter valued at about $6,407,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new position in shares of Stag Industrial during the 2nd quarter worth about $46,000. 88.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STAG. Raymond James Financial assumed coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price on the stock. Robert W. Baird raised Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Monday. Wall Street Zen lowered Stag Industrial from a “hold” rating to a “sell” rating in a research note on Monday, August 24th. Barclays raised their price objective on Stag Industrial from $38.00 to $41.00 and gave the company 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. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.90.

Stag Industrial Stock Performance

NYSE STAG opened at $37.21 on Tuesday. The firm has a 50-day moving average of $38.55 and a 200-day moving average of $38.25. 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 stock has a market cap of $7.17 billion, a PE ratio of 28.62 and a beta of 0.96. Stag Industrial, Inc. has a 52-week low of $34.40 and a 52-week high of $42.61.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). The company had revenue of $224.37 million during 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 firm’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. On average, sell-side analysts anticipate that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

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

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.