AE Wealth Management LLC Has $252,000 Position in STAG Industrial, Inc. (NYSE:STAG)

AE Wealth Management LLC grew its holdings in STAG Industrial, Inc. (NYSE:STAG) by 9.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,506 shares of the real estate investment trust’s stock after purchasing an additional 651 shares during the quarter. AE Wealth Management LLC’s holdings in STAG Industrial were worth $252,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Retirement Group LLC acquired a new position in shares of STAG Industrial in the 4th quarter valued at about $27,000. International Assets Investment Management LLC acquired a new position in STAG Industrial during the 4th quarter worth approximately $26,000. Planned Solutions Inc. raised its stake in STAG Industrial by 111.1% during the 4th quarter. Planned Solutions Inc. now owns 950 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 500 shares during the period. Marshall Wace North America L.P. acquired a new position in STAG Industrial during the 1st quarter worth approximately $36,000. Finally, Phoenix Wealth Advisors acquired a new position in STAG Industrial during the 4th quarter worth approximately $63,000. 91.06% of the stock is currently owned by institutional investors.

Shares of NYSE STAG opened at $35.66 on Friday. The stock has a fifty day simple moving average of $35.40 and a two-hundred day simple moving average of $32.31. STAG Industrial, Inc. has a 1-year low of $22.77 and a 1-year high of $37.16. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 44.02, a price-to-earnings-growth ratio of 5.44 and a beta of 0.92. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.67.

STAG Industrial (NYSE:STAG) last posted its earnings results on Tuesday, May 4th. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.48 by ($0.35). The company had revenue of $134.00 million for the quarter, compared to analysts’ expectations of $130.82 million. STAG Industrial had a return on equity of 5.32% and a net margin of 26.59%. The company’s revenue was up 13.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. Analysts forecast that STAG Industrial, Inc. will post 1.87 EPS for the current year.

The company also recently declared a monthly dividend, which will be paid on Thursday, July 15th. Shareholders of record on Wednesday, June 30th will be given a dividend of $0.1208 per share. The ex-dividend date is Tuesday, June 29th. This represents a $1.45 dividend on an annualized basis and a yield of 4.07%. STAG Industrial’s payout ratio is 78.80%.

A number of research analysts recently weighed in on STAG shares. Raymond James upped their price target on STAG Industrial from $35.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday. Zacks Investment Research lowered STAG Industrial from a “buy” rating to a “hold” rating in a report on Thursday, May 6th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $35.11.

STAG Industrial Company Profile

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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