Pacific Heights Asset Management LLC Has $18.38 Million Stock Position in Stag Industrial, Inc. $STAG

Pacific Heights Asset Management LLC grew its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 25.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 500,000 shares of the real estate investment trust’s stock after buying an additional 100,000 shares during the quarter. Pacific Heights Asset Management LLC’s holdings in Stag Industrial were worth $18,380,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in STAG. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial during the third quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in shares of Stag Industrial during the third quarter valued at about $43,000. International Assets Investment Management LLC acquired a new position in shares of Stag Industrial during the fourth quarter valued at about $51,000. EverSource Wealth Advisors LLC raised its holdings in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,048 shares during the period. Finally, Covestor Ltd raised its holdings in shares of Stag Industrial by 98.5% during the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 878 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Transactions at Stag Industrial

In other news, CEO William R. Crooker sold 93,732 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Virgis Colbert sold 18,000 shares of the stock in a transaction that occurred on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total transaction of $685,440.00. Following the transaction, the director directly owned 4,210 shares of the company’s stock, valued at $160,316.80. This represents a 81.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 136,974 shares of company stock worth $5,345,904 in the last 90 days. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Evercore reiterated an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Robert W. Baird set a $40.00 target price on shares of Stag Industrial in a research report on Tuesday, February 17th. JPMorgan Chase & Co. boosted their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Barclays decreased their target price on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday, May 5th. Finally, Weiss Ratings downgraded shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $39.78.

Stag Industrial Price Performance

Shares of NYSE STAG opened at $37.76 on Monday. Stag Industrial, Inc. has a twelve month low of $33.72 and a twelve month high of $39.99. The stock’s 50 day moving average price is $37.99 and its 200-day moving average price is $38.12. The company has a market capitalization of $7.22 billion, a PE ratio of 29.27 and a beta of 1.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87.

Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The firm had revenue of $224.21 million for the quarter, compared to the consensus estimate of $221.52 million. During the same quarter in the previous year, the business earned $0.61 EPS. The company’s revenue was up 9.0% compared to the same quarter last year. On average, equities analysts anticipate that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be paid a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s payout ratio is presently 120.16%.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.