Vanguard Group Inc. Has $912.13 Million Position in Stag Industrial, Inc. $STAG

Vanguard Group Inc. cut its holdings in Stag Industrial, Inc. (NYSE:STAG) by 1.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 25,846,620 shares of the real estate investment trust’s stock after selling 281,207 shares during the period. Vanguard Group Inc. owned approximately 13.84% of Stag Industrial worth $912,127,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in STAG. Norges Bank acquired a new stake in Stag Industrial during the second quarter worth approximately $282,893,000. Cbre Investment Management Listed Real Assets LLC grew its position in shares of Stag Industrial by 82.3% during the 2nd quarter. Cbre Investment Management Listed Real Assets LLC now owns 3,533,588 shares of the real estate investment trust’s stock worth $128,199,000 after buying an additional 1,595,238 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Stag Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after acquiring an additional 451,355 shares in the last quarter. Prudential Financial Inc. increased its stake in shares of Stag Industrial by 57.0% in the 2nd quarter. Prudential Financial Inc. now owns 1,147,243 shares of the real estate investment trust’s stock valued at $41,622,000 after acquiring an additional 416,415 shares in the last quarter. Finally, Hudson Bay Capital Management LP lifted its position in shares of Stag Industrial by 120.0% during the 2nd quarter. Hudson Bay Capital Management LP now owns 747,958 shares of the real estate investment trust’s stock valued at $27,136,000 after acquiring an additional 407,910 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have commented on STAG shares. Evercore restated an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. Barclays reissued an “underweight” rating and set a $39.00 price objective (down previously from $40.00) on shares of Stag Industrial in a research report on Tuesday, January 13th. iA Financial set a $39.00 target price on Stag Industrial in a research note on Tuesday, January 13th. Wells Fargo & Company upped their price target on Stag Industrial from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Monday, November 10th. Finally, Robert W. Baird set a $40.00 price target on Stag Industrial in a report on Tuesday, February 17th. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Stag Industrial has an average rating of “Hold” and an average price target of $39.50.

Stag Industrial Trading Up 2.6%

NYSE:STAG opened at $39.54 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 1.90 and a quick ratio of 1.90. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.88. The company has a market cap of $7.55 billion, a PE ratio of 27.08 and a beta of 1.06. The firm has a 50-day moving average of $37.70 and a 200-day moving average of $37.32.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.03. The business had revenue of $220.90 million for the quarter, compared to analysts’ expectations of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. The firm’s revenue for the quarter was up 10.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.61 EPS. As a group, equities research analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is currently 102.05%.

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.