Coppell Advisory Solutions LLC acquired a new stake in Stag Industrial, Inc. (NYSE:STAG – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 36,915 shares of the real estate investment trust’s stock, valued at approximately $1,405,000.
A number of other hedge funds also recently added to or reduced their stakes in STAG. Pacific Heights Asset Management LLC boosted its stake in shares of Stag Industrial by 25.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock valued at $18,380,000 after purchasing an additional 100,000 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Stag Industrial during the second quarter worth $3,693,000. Bessemer Group Inc. lifted its holdings in Stag Industrial by 8.0% during the fourth quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust’s stock worth $30,684,000 after buying an additional 61,675 shares during the period. Renaissance Technologies LLC bought a new stake in Stag Industrial during the 1st quarter valued at $3,444,000. Finally, Geode Capital Management LLC boosted its position in Stag Industrial by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock valued at $140,851,000 after acquiring an additional 65,502 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several research firms have recently commented on STAG. Wall Street Zen lowered Stag Industrial from a “hold” rating to a “sell” rating in a research report on Monday, August 24th. Barclays raised their price objective on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Raymond James Financial began coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price for the company. Finally, Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target for the company in a research report on Monday. Four research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Stag Industrial has a consensus rating of “Hold” and a consensus price target of $40.70.
Stag Industrial Stock Performance
Shares of STAG opened at $37.49 on Thursday. 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 firm has a market cap of $7.23 billion, a PE ratio of 28.84 and a beta of 0.95. Stag Industrial, Inc. has a 12 month low of $34.40 and a 12 month high of $42.61. The stock has a fifty day moving average price of $38.50 and a 200-day moving average price of $38.24.
Stag Industrial (NYSE:STAG – Get Free Report) last announced 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). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The business had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. During the same period in the prior year, the company earned $0.63 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Equities research analysts predict that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.
Stag Industrial Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be paid a $0.3875 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 dividend on an annualized basis and a yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is 119.23%.
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.
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