Louisiana State Employees Retirement System Takes $2 Million Position in Stag Industrial, Inc. $STAG

Louisiana State Employees Retirement System acquired a new position in shares of Stag Industrial, Inc. (NYSE:STAG) in the 1st quarter, Holdings Channel reports. The fund acquired 55,400 shares of the real estate investment trust’s stock, valued at approximately $1,998,000.

Other institutional investors also recently modified their holdings of the company. Clearstead Advisors LLC increased its holdings in shares of Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC bought a new stake in shares of Stag Industrial during the 3rd quarter worth $27,000. International Assets Investment Management LLC purchased a new position in Stag Industrial in the fourth quarter worth $51,000. EverSource Wealth Advisors LLC increased its stake in Stag Industrial by 270.1% in 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 acquiring an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC raised its position in Stag Industrial by 32.9% during the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 397 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Evercore reiterated an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Wells Fargo & Company dropped their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Weiss Ratings lowered Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Barclays reduced their price target on shares of Stag Industrial from $39.00 to $38.00 and set an “underweight” rating on the stock in a research report on Tuesday, May 5th. Finally, Raymond James Financial initiated coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target on the stock. Three investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $40.40.

Stag Industrial Stock Performance

NYSE STAG opened at $38.10 on Wednesday. The company has a 50-day simple moving average of $38.30 and a two-hundred day simple moving average of $37.96. Stag Industrial, Inc. has a 12-month low of $33.72 and a 12-month high of $39.99. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 29.53 and a beta of 0.98. 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 released its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate 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 $221.51 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s quarterly revenue was up 9.0% on a year-over-year basis. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders 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 yield of 4.1%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s payout ratio is 120.16%.

About Stag Industrial

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.