Bank of Montreal Can Raises Stake in Stag Industrial Inc (STAG)

Bank of Montreal Can lifted its position in shares of Stag Industrial Inc (NYSE:STAG) by 70.4% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 252,274 shares of the real estate investment trust’s stock after purchasing an additional 104,209 shares during the quarter. Bank of Montreal Can owned about 0.24% of Stag Industrial worth $6,937,000 as of its most recent filing with the SEC.

Several other large investors have also recently modified their holdings of the company. Clear Harbor Asset Management LLC purchased a new position in Stag Industrial in the 2nd quarter worth approximately $201,000. Private Advisor Group LLC purchased a new position in Stag Industrial in the 2nd quarter worth approximately $212,000. Stifel Financial Corp purchased a new position in Stag Industrial in the 1st quarter worth approximately $229,000. Aperio Group LLC purchased a new position in Stag Industrial in the 2nd quarter worth approximately $233,000. Finally, Intrust Bank NA purchased a new position in Stag Industrial in the 2nd quarter worth approximately $233,000. Institutional investors and hedge funds own 84.25% of the company’s stock.

Separately, Zacks Investment Research cut Stag Industrial from a “hold” rating to a “sell” rating in a report on Wednesday, October 10th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $28.20.

NYSE STAG opened at $26.74 on Tuesday. The company has a market capitalization of $2.75 billion, a price-to-earnings ratio of 15.82, a P/E/G ratio of 2.93 and a beta of 1.08. Stag Industrial Inc has a fifty-two week low of $22.42 and a fifty-two week high of $29.07. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.04 and a quick ratio of 1.04.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, July 31st. The real estate investment trust reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $85.47 million during the quarter, compared to analysts’ expectations of $84.32 million. Stag Industrial had a return on equity of 5.08% and a net margin of 19.24%. As a group, sell-side analysts forecast that Stag Industrial Inc will post 1.78 earnings per share for the current fiscal year.

The business also recently declared a monthly dividend, which will be paid on Thursday, November 15th. Shareholders of record on Wednesday, October 31st will be issued a $0.118 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 5.30%. The ex-dividend date is Tuesday, October 30th. Stag Industrial’s dividend payout ratio is presently 84.02%.

Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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