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

SOA Wealth Advisors LLC. cut its stake in Stag Industrial, Inc. (NYSE:STAG) by 20.4% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of STAG. Wellington Management Group LLP raised its holdings in shares of Stag Industrial by 24.5% in the 4th quarter. Wellington Management Group LLP now owns 128,794 shares of the real estate investment trust’s stock worth $4,356,000 after buying an additional 25,354 shares in the last quarter. Versant Capital Management Inc raised its holdings in shares of Stag Industrial by 204.9% in the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 506 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Stag Industrial by 3,246.2% in the 1st quarter. GAMMA Investing LLC now owns 33,194 shares of the real estate investment trust’s stock worth $1,199,000 after buying an additional 32,202 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of 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 buying an additional 1,940 shares in the last quarter. Finally, Rhumbline Advisers raised its holdings in shares of 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 buying an additional 2,224 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction 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 transaction, the director directly owned 7,562 shares in the company, valued at approximately $279,113.42. This trade represents a 76.78% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Larry T. Guillemette sold 2,004 shares of the stock in a transaction on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director owned 38,666 shares in the company, valued at $1,361,043.20. The trade was a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Trading Up 0.4%

STAG stock opened at $35.89 on Friday. The stock has a market capitalization of $6.70 billion, a price-to-earnings ratio of 28.26 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31. The business has a fifty day moving average price of $35.55 and a 200 day moving average price of $35.10. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $39.21.

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, meeting analysts’ consensus estimates of $0.63. The firm had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The business’s quarterly revenue was up 9.4% compared to the same quarter last year. During the same period last year, the company earned $0.61 EPS. Analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal 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. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, August 29th. Stag Industrial’s dividend payout ratio (DPR) is presently 117.32%.

Wall Street Analyst Weigh In

STAG has been the subject of a number of recent research reports. Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a report on Wednesday. Evercore ISI raised their price target on Stag Industrial from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Finally, Cantor Fitzgerald started coverage on Stag Industrial in a report on Wednesday. They set a “neutral” rating and a $37.00 price target for the company. Two investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently 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.