Stag Industrial, Inc. $STAG Shares Bought by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC raised its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 74.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 235,938 shares of the real estate investment trust’s stock after buying an additional 100,482 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Stag Industrial were worth $8,543,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Clearstead Advisors LLC lifted its stake in Stag Industrial by 193.6% during the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after acquiring an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in Stag Industrial during the third quarter worth about $27,000. International Assets Investment Management LLC acquired a new stake in shares of Stag Industrial during the fourth quarter worth about $51,000. EverSource Wealth Advisors LLC boosted its stake in shares of 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 valued at $52,000 after purchasing an additional 1,048 shares during the period. Finally, Root Financial Partners LLC grew its holdings in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

STAG has been the subject of a number of recent research reports. Wells Fargo & Company decreased their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Barclays upped their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. Evercore reiterated an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a report on Wednesday, April 29th. Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Raymond James Financial started 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. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.70.

Stag Industrial Stock Performance

Shares of STAG opened at $41.27 on Thursday. The company has a market capitalization of $7.89 billion, a price-to-earnings ratio of 31.99 and a beta of 0.97. Stag Industrial, Inc. has a 52-week low of $33.72 and a 52-week high of $42.61. 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 stock has a 50 day moving average price of $38.62 and a 200 day moving average price of $38.26.

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, beating the consensus estimate of $0.23 by $0.09. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business had revenue of $224.21 million during the quarter, compared to analysts’ expectations of $221.51 million. During the same quarter in the prior year, the business posted $0.61 EPS. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. Research analysts predict that Stag Industrial, Inc. will post 2.64 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.3875 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.55 annualized dividend and a yield of 3.8%. Stag Industrial’s payout ratio is 120.16%.

About Stag Industrial

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.