10,215 Shares in Stag Industrial, Inc. (NYSE:STAG) Acquired by Stratos Wealth Partners LTD.
Stratos Wealth Partners LTD. purchased a new stake in shares of Stag Industrial, Inc. (NYSE:STAG) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,215 shares of the real estate investment trust’s stock, valued at approximately $282,000.
Several other large investors have also recently modified their holdings of the stock. TIAA CREF Investment Management LLC increased its stake in shares of Stag Industrial by 1.9% in the first quarter. TIAA CREF Investment Management LLC now owns 290,089 shares of the real estate investment trust’s stock valued at $7,258,000 after buying an additional 5,417 shares during the period. Teachers Advisors LLC increased its stake in shares of Stag Industrial by 21.7% in the fourth quarter. Teachers Advisors LLC now owns 140,126 shares of the real estate investment trust’s stock valued at $3,345,000 after buying an additional 24,955 shares during the period. Sumitomo Mitsui Trust Holdings Inc. increased its stake in shares of Stag Industrial by 3.4% in the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 79,040 shares of the real estate investment trust’s stock valued at $1,978,000 after buying an additional 2,610 shares during the period. Jane Street Group LLC purchased a new stake in shares of Stag Industrial during the first quarter valued at approximately $205,000. Finally, Forsta AP Fonden increased its stake in shares of Stag Industrial by 142.0% in the second quarter. Forsta AP Fonden now owns 36,300 shares of the real estate investment trust’s stock valued at $1,002,000 after buying an additional 21,300 shares during the period. Institutional investors and hedge funds own 74.44% of the company’s stock.
Shares of Stag Industrial, Inc. (STAG) opened at 26.76 on Thursday. Stag Industrial, Inc. has a 52-week low of $21.21 and a 52-week high of $28.75. The stock has a market cap of $2.47 billion, a P/E ratio of 99.85 and a beta of 1.22. The firm has a 50-day moving average of $27.35 and a 200-day moving average of $26.08.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.41. The firm had revenue of $72.20 million for 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%. The business’s revenue for the quarter was up 19.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.38 earnings per share. On average, equities analysts expect that Stag Industrial, Inc. will post ($0.04) EPS for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be paid a dividend of $0.1175 per share. The ex-dividend date is Wednesday, November 29th. This represents a $1.41 dividend on an annualized basis and a yield of 5.27%. Stag Industrial’s payout ratio is 503.57%.
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STAG has been the subject of a number of research analyst reports. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stag Industrial in a research report on Wednesday, May 3rd. Jefferies Group LLC reiterated a “buy” rating and issued a $32.00 target price (up previously from $30.00) on shares of Stag Industrial in a research report on Sunday, June 25th. BidaskClub downgraded shares of Stag Industrial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Raymond James Financial, Inc. increased their target price on shares of Stag Industrial from $27.50 to $28.50 and gave the stock an “outperform” rating in a research report on Wednesday. Finally, Cantor Fitzgerald reiterated a “hold” rating and issued a $25.00 target price on shares of Stag Industrial in a research report on Tuesday, May 2nd. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $26.93.
About Stag Industrial
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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