SOA Wealth Advisors LLC. Has $76,000 Stock Position in Stag Industrial, Inc. $STAG

SOA Wealth Advisors LLC. trimmed its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 20.4% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,088 shares of the real estate investment trust’s stock after selling 536 shares during the period. SOA Wealth Advisors LLC.’s holdings in Stag Industrial were worth $76,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of STAG. Wellington Management Group LLP raised its position in Stag Industrial by 24.5% during the fourth quarter. Wellington Management Group LLP now owns 128,794 shares of the real estate investment trust’s stock valued at $4,356,000 after buying an additional 25,354 shares during the period. Versant Capital Management Inc raised its position in Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 506 shares during the period. GAMMA Investing LLC raised its position in Stag Industrial by 3,246.2% during the first quarter. GAMMA Investing LLC now owns 33,194 shares of the real estate investment trust’s stock valued at $1,199,000 after buying an additional 32,202 shares during the period. Parallel Advisors LLC increased its position in Stag Industrial by 74.4% in the 1st quarter. Parallel Advisors LLC now owns 4,549 shares of the real estate investment trust’s stock worth $164,000 after purchasing an additional 1,940 shares during the last quarter. Finally, Rhumbline Advisers increased its position in Stag Industrial by 0.4% in the 1st quarter. Rhumbline Advisers now owns 531,270 shares of the real estate investment trust’s stock worth $19,189,000 after purchasing an additional 2,224 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $35.89 on Friday. The business has a 50 day moving average price of $35.55 and a 200 day moving average price of $35.10. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.21. The company has a market cap of $6.70 billion, a price-to-earnings ratio of 28.26 and a beta of 0.92. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. During the same quarter last year, the company earned $0.61 EPS. The company’s quarterly revenue was up 9.4% on a year-over-year basis. Research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which was paid on Monday, September 15th. Shareholders of record on Friday, August 29th were given a $0.1242 dividend. The ex-dividend date was Friday, August 29th. This represents a c) dividend on an annualized basis and a dividend yield of 4.2%. Stag Industrial’s dividend payout ratio (DPR) is currently 117.32%.

Insider Buying and Selling

In other Stag Industrial news, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the sale, the director owned 38,666 shares in the company, valued at approximately $1,361,043.20. This trade represents a 4.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the completion of the sale, the director owned 7,562 shares of the company’s stock, valued at $279,113.42. This represents a 76.78% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

STAG has been the topic of several research reports. Cantor Fitzgerald initiated coverage on Stag Industrial in a research report on Wednesday. They issued a “neutral” rating and a $37.00 target price on the stock. Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research report on Wednesday. Finally, Evercore ISI upped their target price on Stag Industrial from $40.00 to $41.00 and gave the stock an “outperform” rating in a research report on Monday, September 15th. Two equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, Stag Industrial has a consensus rating of “Hold” and a consensus target price of $38.00.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.