First Allied Advisory Services Inc. Grows Position in Stag Industrial, Inc. (STAG)
First Allied Advisory Services Inc. boosted its stake in Stag Industrial, Inc. (NYSE:STAG) by 6.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 45,931 shares of the real estate investment trust’s stock after acquiring an additional 2,699 shares during the period. First Allied Advisory Services Inc.’s holdings in Stag Industrial were worth $1,267,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of STAG. Creative Planning increased its stake in Stag Industrial by 140.4% in the 2nd quarter. Creative Planning now owns 4,341 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 2,535 shares during the period. SG Americas Securities LLC raised its position in Stag Industrial by 3.4% during the 1st quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock worth $165,000 after buying an additional 215 shares during the last quarter. Ameritas Investment Partners Inc. purchased a new position in Stag Industrial during the 1st quarter worth $174,000. Federated Investors Inc. PA purchased a new position in Stag Industrial during the 2nd quarter worth $203,000. Finally, GAM Holding AG raised its position in Stag Industrial by 20.2% during the 2nd quarter. GAM Holding AG now owns 7,566 shares of the real estate investment trust’s stock worth $209,000 after buying an additional 1,270 shares during the last quarter. Hedge funds and other institutional investors own 81.24% of the company’s stock.
Stag Industrial, Inc. (NYSE:STAG) traded up 0.076% during trading on Monday, hitting $27.491. 34,068 shares of the stock were exchanged. Stag Industrial, Inc. has a one year low of $21.21 and a one year high of $28.95. The stock’s 50 day moving average is $27.75 and its 200-day moving average is $26.81. The company has a market cap of $2.54 billion, a price-to-earnings ratio of 102.578 and a beta of 1.19.
Stag Industrial (NYSE:STAG) last issued 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. Stag Industrial had a return on equity of 3.97% and a net margin of 12.22%. The business had revenue of $72.20 million during the quarter, compared to analyst estimates of $71.44 million. During the same period in the prior year, the company posted $0.38 EPS. The business’s revenue for the quarter was up 19.9% compared to the same quarter last year. On average, equities research analysts expect that Stag Industrial, Inc. will post ($0.01) earnings per share for the current fiscal year.
The firm also recently announced 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. This represents a $1.41 annualized dividend and a yield of 5.13%. The ex-dividend date is Wednesday, November 29th. Stag Industrial’s payout ratio is currently 503.57%.
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Several analysts have recently commented on the stock. ValuEngine upgraded shares of Stag Industrial from a “hold” rating to a “buy” rating in a research note on Friday, September 1st. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stag Industrial in a research note on Wednesday, August 2nd. UBS AG upgraded shares of Stag Industrial from a “sell” rating to a “neutral” rating and boosted their price target for the stock from $21.00 to $28.00 in a research note on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and set a $32.00 price target on shares of Stag Industrial in a report on Tuesday, September 26th. Finally, Raymond James Financial, Inc. increased their price target on shares of Stag Industrial from $27.50 to $28.50 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Stag Industrial presently has an average rating of “Buy” and an average target price of $27.56.
In other Stag Industrial news, EVP Peter S. Fearey sold 1,033 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $28.71, for a total transaction of $29,657.43. Following the completion of the transaction, the executive vice president now owns 2,506 shares in the company, valued at approximately $71,947.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.00% of the stock is owned by insiders.
Stag Industrial Company Profile
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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