Axa S.A. increased its stake in STAG Industrial, Inc. (NYSE:STAG) by 5.9% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 191,724 shares of the real estate investment trust’s stock after buying an additional 10,724 shares during the period. Axa S.A. owned 0.12% of STAG Industrial worth $7,176,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors also recently bought and sold shares of the company. First Bank & Trust boosted its stake in STAG Industrial by 7.1% during the 2nd quarter. First Bank & Trust now owns 4,292 shares of the real estate investment trust’s stock valued at $161,000 after purchasing an additional 283 shares during the last quarter. Ninepoint Partners LP boosted its stake in STAG Industrial by 7.0% during the 2nd quarter. Ninepoint Partners LP now owns 5,120 shares of the real estate investment trust’s stock valued at $192,000 after purchasing an additional 335 shares during the last quarter. RFG Advisory LLC boosted its stake in STAG Industrial by 3.1% during the 2nd quarter. RFG Advisory LLC now owns 12,405 shares of the real estate investment trust’s stock valued at $464,000 after purchasing an additional 374 shares during the last quarter. Geneos Wealth Management Inc. lifted its holdings in shares of STAG Industrial by 53.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 1,154 shares of the real estate investment trust’s stock valued at $42,000 after buying an additional 400 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of STAG Industrial by 0.6% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 71,799 shares of the real estate investment trust’s stock valued at $2,413,000 after buying an additional 419 shares during the period. Institutional investors own 86.35% of the company’s stock.
Several equities analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on STAG Industrial from $42.00 to $46.00 and gave the company an “outperform” rating in a report on Tuesday, August 3rd. Zacks Investment Research raised STAG Industrial from a “hold” rating to a “buy” rating and set a $45.00 price target on the stock in a report on Tuesday, September 28th. Capital One Financial reissued a “buy” rating and set a $44.00 price target on shares of STAG Industrial in a report on Friday, July 16th. Finally, Raymond James raised their target price on STAG Industrial from $41.00 to $45.00 and gave the stock an “outperform” rating in a report on Thursday, July 29th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Buy” and a consensus price target of $40.43.
STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, July 27th. The real estate investment trust reported $0.20 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by ($0.30). The business had revenue of $138.43 million for the quarter, compared to the consensus estimate of $134.36 million. STAG Industrial had a net margin of 34.24% and a return on equity of 6.78%. STAG Industrial’s revenue was up 17.7% compared to the same quarter last year. During the same period in the prior year, the business earned $0.47 earnings per share. Sell-side analysts anticipate that STAG Industrial, Inc. will post 2.01 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Friday, October 15th. Shareholders of record on Thursday, September 30th will be issued a dividend of $0.1208 per share. The ex-dividend date is Wednesday, September 29th. This represents a $1.45 dividend on an annualized basis and a yield of 3.42%. STAG Industrial’s dividend payout ratio is presently 76.72%.
In other STAG Industrial news, CEO Benjamin S. Butcher sold 35,000 shares of the firm’s stock in a transaction dated Tuesday, August 24th. The stock was sold at an average price of $41.14, for a total transaction of $1,439,900.00. Following the sale, the chief executive officer now directly owns 82,088 shares of the company’s stock, valued at $3,377,100.32. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.20% of the stock is owned by company insiders.
STAG Industrial Profile
STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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