Motley Fool Wealth Management LLC Cuts Position in Stag Industrial, Inc. $STAG

Motley Fool Wealth Management LLC cut its stake in Stag Industrial, Inc. (NYSE:STAG) by 13.8% in the 4th quarter, Holdings Channel reports. The fund owned 187,708 shares of the real estate investment trust’s stock after selling 29,965 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in Stag Industrial were worth $6,900,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. NewEdge Advisors LLC grew its position in Stag Industrial by 17.6% in the first quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 1,491 shares in the last quarter. Goldman Sachs Group Inc. grew its position in Stag Industrial by 37.0% in the first quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock worth $60,391,000 after acquiring an additional 451,355 shares in the last quarter. Empowered Funds LLC purchased a new position in Stag Industrial in the first quarter worth $229,000. EverSource Wealth Advisors LLC grew its position 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 worth $52,000 after acquiring an additional 1,048 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Stag Industrial by 173.4% in the second quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock worth $6,449,000 after acquiring an additional 112,747 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages recently issued reports on STAG. Weiss Ratings lowered shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a research report on Tuesday, February 17th. JPMorgan Chase & Co. upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, February 19th. Wells Fargo & Company cut their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Finally, Evercore restated an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a research report on Wednesday, April 29th. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.00.

Stag Industrial Stock Performance

NYSE STAG opened at $37.92 on Wednesday. The company has a 50-day simple moving average of $38.02 and a two-hundred day simple moving average of $38.01. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial, Inc. has a 12-month low of $33.72 and a 12-month high of $39.99. The firm has a market cap of $7.25 billion, a price-to-earnings ratio of 29.40 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.09. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.52 million. During the same period in the prior year, the business posted $0.61 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is 120.16%.

About Stag Industrial

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.