Resources Management Corp CT ADV purchased a new stake in Stag Industrial, Inc. (NYSE:STAG – Free Report) during the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 25,050 shares of the real estate investment trust’s stock, valued at approximately $921,000.
A number of other institutional investors have also recently made changes to their positions in STAG. Clearstead Advisors LLC grew its position in shares of Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Stag Industrial in the 3rd quarter valued at about $27,000. International Assets Investment Management LLC bought a new stake in shares of Stag Industrial in the 4th quarter valued at about $51,000. EverSource Wealth Advisors LLC grew its position in shares of 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 buying an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC boosted its position in shares of Stag Industrial by 32.9% during the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 397 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts recently commented on STAG shares. Evercore restated an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a research report on Wednesday, April 29th. Weiss Ratings lowered Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Robert W. Baird set a $40.00 target price on Stag Industrial in a research report on Tuesday, February 17th. Wells Fargo & Company cut their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Finally, Barclays cut their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $40.00.
Stag Industrial Stock Down 0.7%
Shares of NYSE:STAG opened at $38.49 on Tuesday. The business’s 50 day simple moving average is $38.19 and its two-hundred day simple moving average is $38.00. The firm has a market cap of $7.36 billion, a P/E ratio of 29.84 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. Stag Industrial, Inc. has a 52-week low of $33.72 and a 52-week high of $39.99.
Stag Industrial (NYSE:STAG – Get Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.09. The business had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.52 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company’s quarterly revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.61 earnings per share. As a group, research analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.
Stag Industrial Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 annualized dividend and a yield of 4.0%. Stag Industrial’s dividend payout ratio is presently 120.16%.
About Stag Industrial
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.
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