Eurizon Capital SGR S.p.A. Acquires New Holdings in Stag Industrial, Inc. $STAG

Eurizon Capital SGR S.p.A. acquired a new stake in shares of Stag Industrial, Inc. (NYSE:STAGFree Report) during the fourth quarter, HoldingsChannel reports. The fund acquired 34,007 shares of the real estate investment trust’s stock, valued at approximately $1,250,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Clearstead Advisors LLC lifted its position in Stag Industrial by 193.6% during the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the period. Measured Wealth Private Client Group LLC bought a new position in Stag Industrial during the third quarter valued at approximately $27,000. International Assets Investment Management LLC bought a new position in Stag Industrial during the fourth quarter valued at approximately $51,000. EverSource Wealth Advisors LLC lifted its position in Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,048 shares during the period. Finally, Northwestern Mutual Wealth Management Co. lifted its position in Stag Industrial by 76.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 764 shares during the period. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Barclays lowered their price objective on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a report on Tuesday, February 17th. Finally, JPMorgan Chase & Co. upped their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $40.00.

Read Our Latest Research Report on Stag Industrial

Stag Industrial Stock Down 0.5%

Shares of STAG stock opened at $36.56 on Wednesday. Stag Industrial, Inc. has a 12 month low of $33.72 and a 12 month high of $39.99. The stock has a market cap of $6.99 billion, a P/E ratio of 28.34 and a beta of 0.98. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. The company has a 50 day simple moving average of $37.94 and a two-hundred day simple moving average of $38.08.

Stag Industrial (NYSE:STAGGet Free Report) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business had revenue of $224.21 million during the quarter, compared to analysts’ expectations of $221.52 million. During the same period in the prior year, the company earned $0.61 earnings per share. The firm’s revenue was up 9.0% on a year-over-year basis. On average, research analysts expect that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is currently 120.16%.

Stag Industrial Company Profile

(Free Report)

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.

Further Reading

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

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