Means Investment CO. Inc. lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 14.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,306 shares of the real estate investment trust’s stock after purchasing an additional 1,682 shares during the period. Means Investment CO. Inc.’s holdings in STAG Industrial were worth $447,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the company. Pensionfund DSM Netherlands lifted its position in shares of STAG Industrial by 43.7% during the 1st quarter. Pensionfund DSM Netherlands now owns 106,880 shares of the real estate investment trust’s stock worth $3,592,000 after purchasing an additional 32,500 shares during the last quarter. Pensionfund Sabic lifted its position in shares of STAG Industrial by 18.8% during the 1st quarter. Pensionfund Sabic now owns 43,563 shares of the real estate investment trust’s stock worth $1,464,000 after purchasing an additional 6,900 shares during the last quarter. SOA Wealth Advisors LLC. purchased a new stake in STAG Industrial in the fourth quarter valued at $127,000. Coppell Advisory Solutions LLC purchased a new stake in STAG Industrial in the fourth quarter valued at $432,000. Finally, Dimensional Fund Advisors LP lifted its position in STAG Industrial by 11.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,026,811 shares of the real estate investment trust’s stock valued at $94,799,000 after acquiring an additional 302,059 shares during the last quarter. 91.06% of the stock is owned by institutional investors and hedge funds.

Shares of STAG Industrial stock traded up $0.25 on Thursday, reaching $34.80. 5,819 shares of the stock were exchanged, compared to its average volume of 1,084,953. STAG Industrial, Inc. has a 1-year low of $22.18 and a 1-year high of $34.93. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.67. The business has a fifty day moving average price of $33.05 and a two-hundred day moving average price of $31.56. The firm has a market capitalization of $5.54 billion, a PE ratio of 42.65, a PEG ratio of 5.44 and a beta of 0.92.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 10th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.16. STAG Industrial had a net margin of 26.59% and a return on equity of 5.32%. The company had revenue of $129.90 million for the quarter, compared to the consensus estimate of $121.63 million. During the same quarter in the prior year, the firm earned $0.47 earnings per share. The company’s revenue for the quarter was up 16.8% compared to the same quarter last year. Research analysts expect that STAG Industrial, Inc. will post 1.87 EPS for the current year.

The company also recently disclosed a monthly dividend, which will be paid on Thursday, April 15th. Investors of record on Wednesday, March 31st will be paid a dividend of $0.1208 per share. This represents a $1.45 annualized dividend and a dividend yield of 4.17%. The ex-dividend date is Tuesday, March 30th. STAG Industrial’s payout ratio is 78.80%.

STAG has been the subject of a number of research reports. JPMorgan Chase & Co. cut shares of STAG Industrial from an “overweight” rating to a “neutral” rating and set a $33.00 price target for the company. in a research report on Monday, December 21st. Zacks Investment Research cut shares of STAG Industrial from a “buy” rating to a “hold” rating in a research report on Wednesday, January 20th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $33.78.

STAG Industrial Company Profile

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

Further Reading: Leveraged Buyout (LBO) Explained

Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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