Pacer Advisors Inc. Has $4.18 Million Stock Holdings in Stag Industrial, Inc. $STAG

Pacer Advisors Inc. reduced its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 14.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 113,676 shares of the real estate investment trust’s stock after selling 19,953 shares during the period. Pacer Advisors Inc. owned approximately 0.06% of Stag Industrial worth $4,179,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Clearstead Advisors LLC increased its stake in shares of Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Stag Industrial during the 3rd quarter worth $27,000. International Assets Investment Management LLC bought a new stake in shares of Stag Industrial during the 4th quarter worth $51,000. EverSource Wealth Advisors LLC boosted its stake 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 valued at $52,000 after buying an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC grew its position in 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 acquiring an additional 397 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Barclays lowered their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Evercore reaffirmed an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a report on Wednesday, April 29th. 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 started coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective for the company. Finally, Wells Fargo & Company cut their target price on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Three 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 stock. According to data from MarketBeat.com, Stag Industrial currently has a consensus rating of “Hold” and an average target price of $40.40.

Stag Industrial Stock Performance

Shares of STAG stock opened at $38.59 on Tuesday. The business’s 50-day moving average price is $38.27 and its 200-day moving average price is $37.95. Stag Industrial, Inc. has a 12 month low of $33.72 and a 12 month high of $39.99. The firm has a market capitalization of $7.38 billion, a price-to-earnings ratio of 29.92 and a beta of 0.98. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87.

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

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be issued a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s payout ratio is presently 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.