Pacific Heights Asset Management LLC Increases Stake in Stag Industrial, Inc. $STAG

Pacific Heights Asset Management LLC raised its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 33.3% in the third quarter, Holdings Channel reports. The firm owned 400,000 shares of the real estate investment trust’s stock after acquiring an additional 100,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Stag Industrial were worth $14,116,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in STAG. Private Trust Co. NA grew its holdings in shares of Stag Industrial by 2,183.9% during the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 677 shares during the last quarter. Chung Wu Investment Group LLC purchased a new position in Stag Industrial in the 2nd quarter worth approximately $29,000. EverSource Wealth Advisors LLC lifted its position in 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 in the last quarter. GAMMA Investing LLC boosted its stake in Stag Industrial by 58.7% during the 2nd quarter. GAMMA Investing LLC now owns 1,458 shares of the real estate investment trust’s stock valued at $53,000 after purchasing an additional 539 shares during the last quarter. Finally, Fortitude Family Office LLC bought a new stake in shares of Stag Industrial in the 2nd quarter worth $62,000. Institutional investors own 88.67% of the company’s stock.

Insiders Place Their Bets

In other Stag Industrial news, EVP Michael Chase sold 13,144 shares of the business’s stock in a transaction dated Wednesday, November 5th. The stock was sold at an average price of $38.75, for a total transaction of $509,330.00. Following the completion of the sale, the executive vice president owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. The trade was a 58.25% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Stag Industrial Stock Performance

STAG opened at $37.88 on Tuesday. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The company has a market cap of $7.07 billion, a price-to-earnings ratio of 29.14 and a beta of 1.06. The company’s 50 day moving average is $38.05 and its 200 day moving average is $36.90. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $39.73.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.63 by $0.02. The business had revenue of $211.12 million for the quarter, compared to the consensus estimate of $210.26 million. Stag Industrial had a net margin of 29.24% and a return on equity of 6.84%. The company’s quarterly revenue was up 10.7% on a year-over-year basis. During the same period last year, the firm earned $0.60 earnings per share. On average, equities research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is currently 114.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on STAG shares. Wells Fargo & Company upped their price target on Stag Industrial from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Monday, November 10th. Cantor Fitzgerald started coverage on Stag Industrial in a research report on Wednesday, October 1st. They issued a “neutral” rating and a $37.00 target price for the company. Evercore ISI upped their target price on shares of Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Royal Bank Of Canada lifted their price target on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Finally, Weiss Ratings reissued a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Three analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.33.

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.