SOA Wealth Advisors LLC. Sells 430 Shares of STAG Industrial, Inc. (NYSE:STAG)

SOA Wealth Advisors LLC. lowered its stake in STAG Industrial, Inc. (NYSE:STAG) by 14.1% in the 1st quarter, HoldingsChannel.com reports. The fund owned 2,624 shares of the real estate investment trust’s stock after selling 430 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in STAG Industrial were worth $95,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of STAG. Versant Capital Management Inc increased its stake in shares of STAG Industrial by 204.9% in the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 506 shares in the last quarter. Quarry LP bought a new stake in shares of STAG Industrial in the 4th quarter valued at $62,000. Principal Securities Inc. increased its stake in STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares in the last quarter. UMB Bank n.a. increased its stake in STAG Industrial by 175.3% during the 1st quarter. UMB Bank n.a. now owns 2,907 shares of the real estate investment trust’s stock valued at $105,000 after purchasing an additional 1,851 shares in the last quarter. Finally, Aew Capital Management L P increased its stake in STAG Industrial by 52.4% during the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

STAG opened at $36.86 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The company has a market capitalization of $6.88 billion, a price-to-earnings ratio of 35.44 and a beta of 0.94. The firm’s fifty day moving average price is $33.83 and its two-hundred day moving average price is $34.62. STAG Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. As a group, analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently disclosed a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a dividend of $0.1242 per share. This represents a yield of 4.37%. The ex-dividend date of this dividend is Friday, May 30th. STAG Industrial’s dividend payout ratio is 112.03%.

Analyst Ratings Changes

A number of analysts have commented on STAG shares. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price target on shares of STAG Industrial in a research note on Monday, May 19th. Raymond James boosted their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird decreased their price target on shares of STAG Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $39.71.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.