Eurizon Capital SGR S.p.A. Purchases New Position in Stag Industrial, Inc. $STAG

Eurizon Capital SGR S.p.A. acquired a new position in Stag Industrial, Inc. (NYSE:STAG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 34,007 shares of the real estate investment trust’s stock, valued at approximately $1,250,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Clearstead Advisors LLC grew its holdings in Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 482 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Stag Industrial in the third quarter worth about $27,000. International Assets Investment Management LLC purchased a new stake in Stag Industrial in the fourth quarter worth about $51,000. EverSource Wealth Advisors LLC grew its holdings in Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its holdings in Stag Industrial by 76.4% in the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 764 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, February 7th. Barclays cut their price objective on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a report on Tuesday, May 5th. Robert W. Baird set a $40.00 price objective on shares of Stag Industrial in a report on Tuesday, February 17th. Evercore reiterated an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Finally, Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $40.00.

Stag Industrial Trading Down 0.5%

Shares of NYSE STAG opened at $36.56 on Wednesday. The firm’s 50 day moving average price is $37.94 and its 200-day moving average price is $38.08. The company has a market cap of $6.99 billion, a PE ratio of 28.34 and a beta of 0.98. Stag Industrial, Inc. has a 52-week low of $33.72 and a 52-week high of $39.99. 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 (NYSE:STAG) last issued its 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 firm had revenue of $224.21 million for the quarter, compared to the consensus estimate of $221.52 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities research analysts expect that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is currently 120.16%.

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.