Fort Washington Investment Advisors Inc. OH Boosts Holdings in Stag Industrial, Inc. $STAG

Fort Washington Investment Advisors Inc. OH increased its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 6.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 808,007 shares of the real estate investment trust’s stock after purchasing an additional 47,924 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Stag Industrial were worth $29,137,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pictet Asset Management Holding SA increased its stake in Stag Industrial by 4.8% during the first quarter. Pictet Asset Management Holding SA now owns 30,247 shares of the real estate investment trust’s stock worth $1,091,000 after acquiring an additional 1,391 shares during the last quarter. Louisiana State Employees Retirement System purchased a new position in shares of Stag Industrial during the 1st quarter worth $1,998,000. Kestra Private Wealth Services LLC increased its position in shares of Stag Industrial by 19.8% during the 1st quarter. Kestra Private Wealth Services LLC now owns 27,900 shares of the real estate investment trust’s stock worth $1,006,000 after purchasing an additional 4,608 shares during the last quarter. RFG Advisory LLC raised its holdings in Stag Industrial by 6.3% in the 1st quarter. RFG Advisory LLC now owns 44,564 shares of the real estate investment trust’s stock valued at $1,607,000 after buying an additional 2,637 shares during the period. Finally, Fifth Third Wealth Advisors LLC purchased a new stake in Stag Industrial in the 1st quarter valued at about $222,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. 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 price objective for the company. Wells Fargo & Company lowered their price objective on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Evercore reiterated an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Finally, Barclays decreased their price target on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research note on Tuesday, May 5th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.40.

Stag Industrial Stock Performance

Shares of Stag Industrial stock opened at $39.37 on Monday. The business has a 50-day moving average of $38.32 and a 200 day moving average of $37.96. Stag Industrial, Inc. has a 12 month low of $33.72 and a 12 month high of $39.99. The stock has a market capitalization of $7.53 billion, a price-to-earnings ratio of 30.52 and a beta of 0.98. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.57 and a quick ratio of 1.57.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. The company had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.51 million. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.61 earnings per share. As a group, sell-side analysts forecast that Stag Industrial, Inc. will post 2.64 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.9%. Stag Industrial’s payout ratio is 120.16%.

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.