Caisse de depot et placement du Quebec Takes Position in Stag Industrial, Inc. $STAG

Caisse de depot et placement du Quebec purchased a new stake in Stag Industrial, Inc. (NYSE:STAG) during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 72,249 shares of the real estate investment trust’s stock, valued at approximately $2,750,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in STAG. BlackRock Inc. purchased a new position in Stag Industrial during the second quarter valued at $1,097,126,000. Norges Bank purchased a new stake in shares of Stag Industrial during the fourth quarter worth about $295,644,000. Bank of New York Mellon Corp purchased a new stake in shares of Stag Industrial during the second quarter worth about $58,805,000. Jupiter Topco LLC acquired a new position in shares of Stag Industrial during the 2nd quarter worth about $43,461,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of Stag Industrial by 434,005.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock worth $40,373,000 after purchasing an additional 1,098,033 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on STAG shares. Raymond James Financial assumed coverage on Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective on the stock. Weiss Ratings reissued a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Wells Fargo & Company decreased their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Wall Street Zen lowered Stag Industrial from a “hold” rating to a “sell” rating in a research note on Monday, August 24th. Finally, Barclays boosted their price target on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $50.50.

Stag Industrial Stock Up 0.3%

Shares of STAG opened at $37.19 on Friday. Stag Industrial, Inc. has a 52-week low of $34.40 and a 52-week high of $42.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $38.58 and a two-hundred day simple moving average of $38.28. The company has a market capitalization of $7.17 billion, a PE ratio of 28.61 and a beta of 0.96.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. During the same period in the previous year, the firm posted $0.63 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. As a group, equities analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s payout ratio is presently 119.23%.

Stag Industrial 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.