Tocqueville Asset Management L.P. Takes $3.77 Million Position in Stag Industrial, Inc. $STAG

Tocqueville Asset Management L.P. bought a new position in shares of Stag Industrial, Inc. (NYSE:STAG – Free Report) during the second quarter, Holdings Channel.com reports. The fund bought 99,060 shares of the real estate investment trust’s stock, valued at approximately $3,770,000.

A number of other large investors also recently modified their holdings of STAG. NewEdge Advisors LLC increased its stake in Stag Industrial by 17.6% during the 1st quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock valued at $359,000 after purchasing an additional 1,491 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Stag Industrial by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after buying an additional 451,355 shares in the last quarter. Empowered Funds LLC bought a new position in shares of Stag Industrial in the first quarter valued at $229,000. EverSource Wealth Advisors LLC grew its holdings in shares of 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 buying an additional 1,048 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in shares of Stag Industrial by 173.4% during the second quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock valued at $6,449,000 after buying an additional 112,747 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

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Stag Industrial Price Performance

Shares of NYSE:STAG opened at $36.45 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. The stock has a market cap of $7.03 billion, a PE ratio of 28.04 and a beta of 0.96. The stock’s fifty day simple moving average is $38.71 and its two-hundred day simple moving average is $38.34. Stag Industrial, Inc. has a 1-year low of $34.40 and a 1-year high of $42.61.

Stag Industrial (NYSE:STAG – Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.37). The firm had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. As a group, analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.3875 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 annualized dividend and a yield of 4.3%. Stag Industrial’s payout ratio is 119.23%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Raymond James Financial initiated coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price for the company. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Sunday, August 16th. Evercore reiterated an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a research note on Wednesday, April 29th. Weiss Ratings reissued a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Finally, Wells Fargo & Company lowered their price objective on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.50.

Check Out Our Latest Analysis on Stag Industrial

Stag Industrial 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.

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