Jupiter Topco LLC Invests $43.46 Million in Stag Industrial, Inc. $STAG

Jupiter Topco LLC bought a new position in Stag Industrial, Inc. (NYSE:STAG) during the 2nd quarter, Holdings Channel reports. The fund bought 1,141,838 shares of the real estate investment trust’s stock, valued at approximately $43,461,000.

Other hedge funds also recently bought and sold shares of the company. EverSource Wealth Advisors LLC raised its position in Stag Industrial by 22.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock valued at $57,000 after purchasing an additional 285 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in shares of Stag Industrial by 1.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock worth $1,122,000 after buying an additional 367 shares during the last quarter. First National Trust Co increased its stake in shares of Stag Industrial by 1.7% during the fourth quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock valued at $852,000 after buying an additional 388 shares during the period. Root Financial Partners LLC increased its stake in shares of Stag Industrial by 32.9% during the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 397 shares during the period. Finally, Gamco Investors INC. ET AL raised its holdings in shares of Stag Industrial by 1.4% during the first quarter. Gamco Investors INC. ET AL now owns 30,042 shares of the real estate investment trust’s stock valued at $1,083,000 after acquiring an additional 402 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Price Performance

STAG stock opened at $37.10 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a 50 day moving average price of $38.60 and a 200-day moving average price of $38.28. Stag Industrial, Inc. has a 52-week low of $34.40 and a 52-week high of $42.61. The firm has a market capitalization of $7.15 billion, a price-to-earnings ratio of 28.54 and a beta of 0.96.

Stag Industrial (NYSE:STAG) last posted 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). The company had revenue of $224.37 million during the quarter, compared to analysts’ expectations of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.63 EPS. Equities research analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently commented on STAG shares. Raymond James Financial began coverage on Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target for the company. Wall Street Zen lowered shares of Stag Industrial from a “hold” rating to a “sell” rating in a report on Monday. Barclays raised their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Finally, Robert W. Baird set a $138.00 price target on shares of Stag Industrial in a research report on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Stag Industrial presently has an average rating of “Hold” and an average target price of $50.50.

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.