Teachers Advisors LLC lifted its stake in Stag Industrial, Inc. (NYSE:STAG) by 18.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 181,258 shares of the real estate investment trust’s stock after purchasing an additional 28,184 shares during the quarter. Teachers Advisors LLC owned about 0.20% of Stag Industrial worth $5,003,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently modified their holdings of the company. Creative Planning boosted its position in shares of Stag Industrial by 140.4% in the 2nd quarter. Creative Planning now owns 4,341 shares of the real estate investment trust’s stock worth $120,000 after purchasing an additional 2,535 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Stag Industrial by 3.4% in the 1st quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 215 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Stag Industrial in the 1st quarter worth approximately $174,000. Federated Investors Inc. PA bought a new stake in shares of Stag Industrial in the 2nd quarter worth approximately $203,000. Finally, Jane Street Group LLC bought a new stake in shares of Stag Industrial in the 1st quarter worth approximately $205,000. 81.23% of the stock is currently owned by hedge funds and other institutional investors.
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A number of analysts have recently commented on the company. Jefferies Group LLC reissued a “buy” rating and issued a $32.00 price target (up from $31.00) on shares of Stag Industrial in a research report on Tuesday, August 22nd. Evercore ISI raised Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price target on the stock in a research report on Monday, August 14th. BidaskClub cut Stag Industrial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Raymond James Financial, Inc. boosted their price target on Stag Industrial from $27.50 to $28.50 and gave the stock an “outperform” rating in a research report on Wednesday, August 9th. Finally, Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.64.
In other Stag Industrial news, EVP Peter S. Fearey sold 1,033 shares of the firm’s stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $28.71, for a total value of $29,657.43. Following the completion of the sale, the executive vice president now directly owns 2,506 shares in the company, valued at $71,947.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.00% of the stock is owned by company insiders.
Stag Industrial, Inc. (NYSE:STAG) opened at 28.02 on Wednesday. Stag Industrial, Inc. has a 52-week low of $21.21 and a 52-week high of $28.95. The company has a 50-day moving average price of $28.01 and a 200 day moving average price of $27.15. The company has a market capitalization of $2.58 billion, a PE ratio of 104.55 and a beta of 1.19.
Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. The company had revenue of $72.20 million during the quarter, compared to the consensus estimate of $71.44 million. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. Stag Industrial’s revenue was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $0.38 earnings per share. Equities research analysts anticipate that Stag Industrial, Inc. will post ($0.01) earnings per share for the current year.
The company also recently announced a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a $0.1175 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.41 annualized dividend and a yield of 5.03%. Stag Industrial’s dividend payout ratio (DPR) is 503.57%.
Stag Industrial Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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