Stag Industrial Inc (STAG) Holdings Raised by Strs Ohio
Strs Ohio raised its holdings in Stag Industrial Inc (NYSE:STAG) by 4.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 149,530 shares of the real estate investment trust’s stock after buying an additional 6,418 shares during the quarter. Strs Ohio’s holdings in Stag Industrial were worth $4,086,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the business. Moors & Cabot Inc. lifted its holdings in Stag Industrial by 0.4% in the second quarter. Moors & Cabot Inc. now owns 14,790 shares of the real estate investment trust’s stock valued at $410,000 after acquiring an additional 62 shares during the period. Phocas Financial Corp. lifted its holdings in Stag Industrial by 2.9% in the second quarter. Phocas Financial Corp. now owns 23,609 shares of the real estate investment trust’s stock valued at $652,000 after acquiring an additional 666 shares during the period. Ameritas Investment Partners Inc. lifted its holdings in Stag Industrial by 13.0% in the second quarter. Ameritas Investment Partners Inc. now owns 7,846 shares of the real estate investment trust’s stock valued at $217,000 after acquiring an additional 903 shares during the period. Amalgamated Bank lifted its holdings in Stag Industrial by 12.4% in the second quarter. Amalgamated Bank now owns 11,114 shares of the real estate investment trust’s stock valued at $307,000 after acquiring an additional 1,222 shares during the period. Finally, Commonwealth Equity Services Inc lifted its holdings in Stag Industrial by 5.9% in the third quarter. Commonwealth Equity Services Inc now owns 33,184 shares of the real estate investment trust’s stock valued at $911,000 after acquiring an additional 1,857 shares during the period. 82.21% of the stock is owned by institutional investors.
A number of brokerages have recently weighed in on STAG. Zacks Investment Research cut Stag Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, January 25th. TheStreet upgraded Stag Industrial from a “c” rating to a “b-” rating in a research report on Tuesday, November 14th. BidaskClub cut Stag Industrial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, October 25th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a research report on Friday, November 3rd. Finally, JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 price target for the company in a research report on Friday, December 15th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company’s stock. Stag Industrial currently has a consensus rating of “Hold” and an average target price of $28.50.
Stag Industrial Inc (NYSE:STAG) opened at $25.32 on Thursday. Stag Industrial Inc has a 52-week low of $22.85 and a 52-week high of $28.95. The firm has a market capitalization of $2,372.76, a price-to-earnings ratio of 46.89, a PEG ratio of 2.67 and a beta of 1.25. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.09 and a quick ratio of 0.09.
Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.42 by $0.01. Stag Industrial had a return on equity of 5.72% and a net margin of 18.96%. The business had revenue of $78.14 million during the quarter, compared to analysts’ expectations of $76.17 million. During the same quarter last year, the business posted $0.40 earnings per share. The business’s revenue for the quarter was up 24.8% on a year-over-year basis. sell-side analysts forecast that Stag Industrial Inc will post 1.68 EPS for the current year.
The company also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be given a $0.1183 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 5.61%. The ex-dividend date of this dividend is Tuesday, February 27th. Stag Industrial’s dividend payout ratio is currently 262.97%.
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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