Stag Industrial, Inc. $STAG Stock Holdings Raised by Legal & General Group Plc

Legal & General Group Plc increased its holdings in Stag Industrial, Inc. (NYSE:STAG) by 5.3% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 1,129,875 shares of the real estate investment trust’s stock after buying an additional 57,075 shares during the period. Legal & General Group Plc owned about 0.61% of Stag Industrial worth $41,534,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial in the 3rd quarter valued at about $27,000. International Assets Investment Management LLC acquired a new position in shares of Stag Industrial in the 4th quarter valued at about $51,000. EverSource Wealth Advisors LLC boosted its holdings 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 period. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Stag Industrial by 76.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 764 shares during the period. Finally, Fulcrum Asset Management LLP acquired a new position in shares of Stag Industrial in the 3rd quarter valued at about $69,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Trading Down 0.1%

Stag Industrial stock opened at $37.94 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The firm has a 50-day moving average price of $37.95 and a two-hundred day moving average price of $38.10. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 29.41 and a beta of 1.00. Stag Industrial, Inc. has a 52-week low of $33.72 and a 52-week high of $39.99.

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

Stag Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s payout ratio is presently 120.16%.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on the stock. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a report on Tuesday, February 17th. Evercore reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Stag Industrial in a report on Wednesday, April 29th. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Finally, Barclays decreased their price target on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.78.

Stag Industrial Company 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.