Stag Industrial, Inc. (STAG) Shares Bought by Creative Planning
Creative Planning increased its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 140.4% during the second quarter, Holdings Channel reports. The fund owned 4,341 shares of the real estate investment trust’s stock after buying an additional 2,535 shares during the period. Creative Planning’s holdings in Stag Industrial were worth $120,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of STAG. GW&K Investment Management LLC boosted its position in Stag Industrial by 7.8% in the second quarter. GW&K Investment Management LLC now owns 2,326,170 shares of the real estate investment trust’s stock valued at $64,202,000 after buying an additional 168,331 shares during the last quarter. Bank of Montreal Can boosted its position in Stag Industrial by 7.5% in the second quarter. Bank of Montreal Can now owns 89,765 shares of the real estate investment trust’s stock valued at $2,476,000 after buying an additional 6,243 shares during the last quarter. Fox Run Management L.L.C. bought a new position in Stag Industrial during the second quarter valued at $389,000. Private Asset Management Inc. bought a new position in Stag Industrial during the second quarter valued at $276,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in Stag Industrial by 10.2% in the first quarter. Nomura Asset Management Co. Ltd. now owns 53,250 shares of the real estate investment trust’s stock valued at $1,332,000 after buying an additional 4,910 shares during the last quarter. 75.58% of the stock is owned by institutional investors.
Shares of Stag Industrial, Inc. (NYSE:STAG) traded down 0.32% during trading on Tuesday, hitting $27.63. 109,002 shares of the company’s stock were exchanged. The company has a 50-day moving average of $27.33 and a 200-day moving average of $26.16. Stag Industrial, Inc. has a 12-month low of $21.21 and a 12-month high of $28.75. The company has a market cap of $2.55 billion, a P/E ratio of 103.10 and a beta of 1.22.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.41. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. The firm had revenue of $72.20 million during the quarter, compared to analyst estimates of $71.44 million. During the same quarter in the prior year, the firm posted $0.38 earnings per share. Stag Industrial’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities analysts expect that Stag Industrial, Inc. will post ($0.04) earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.1175 dividend. This represents a $1.41 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Wednesday, November 29th. Stag Industrial’s dividend payout ratio is currently 503.57%.
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Several equities analysts recently weighed in on the stock. Evercore ISI raised shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 target price for the company in a research note on Monday. Raymond James Financial, Inc. raised their target price on shares of Stag Industrial from $27.50 to $28.50 and gave the company an “outperform” rating in a research note on Wednesday, August 9th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 target price (up from $30.00) on shares of Stag Industrial in a research note on Sunday, June 25th. Finally, BidaskClub cut shares of Stag Industrial from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.31.
About Stag Industrial
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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