Deutsche Bank AG Acquires Shares of 132,578 Stag Industrial, Inc. $STAG

Deutsche Bank AG bought a new position in shares of Stag Industrial, Inc. (NYSE:STAGFree Report) during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund bought 132,578 shares of the real estate investment trust’s stock, valued at approximately $5,046,000.

A number of other large investors have also modified their holdings of STAG. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of Stag Industrial in the second quarter valued at approximately $6,236,000. J.Safra Asset Management Corp purchased a new stake in shares of Stag Industrial during the 2nd quarter worth $470,000. Global Retirement Partners LLC purchased a new stake in shares of Stag Industrial during the 2nd quarter worth $463,000. Bank of New York Mellon Corp acquired a new position in shares of Stag Industrial during the 2nd quarter worth $58,805,000. Finally, GSA Capital Partners LLP acquired a new position in shares of Stag Industrial during the 2nd quarter worth $1,494,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Stock Up 0.3%

STAG opened at $37.17 on Wednesday. The firm has a market cap of $7.17 billion, a P/E ratio of 28.59 and a beta of 0.96. The business’s fifty day simple moving average is $38.61 and its 200 day simple moving average is $38.31. Stag Industrial, Inc. has a 52 week low of $34.40 and a 52 week high of $42.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93.

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

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.3875 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 annualized dividend and a yield of 4.2%. Stag Industrial’s payout ratio is 119.23%.

Wall Street Analyst Weigh In

Several brokerages recently commented on STAG. Barclays raised their price objective on shares of Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Robert W. Baird set a $138.00 target price on shares of Stag Industrial in a report on Friday, July 31st. Raymond James Financial began coverage on Stag Industrial in a research note on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target on the stock. Evercore restated an “outperform” rating and issued a $44.00 price target on shares of Stag Industrial in a report on Wednesday, April 29th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.50.

Read Our Latest Analysis on STAG

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.

See Also

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

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