Strs Ohio Grows Holdings in Stag Industrial, Inc. $STAG

Strs Ohio increased its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 517.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 206,165 shares of the real estate investment trust’s stock after buying an additional 172,794 shares during the quarter. Strs Ohio’s holdings in Stag Industrial were worth $7,434,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Clearstead Advisors LLC boosted its holdings in Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Stag Industrial in the third quarter valued at approximately $27,000. International Assets Investment Management LLC acquired a new position in Stag Industrial during the fourth quarter valued at approximately $51,000. EverSource Wealth Advisors LLC lifted its position in 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 buying an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC grew its stake 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 worth $59,000 after buying an additional 397 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Price Performance

Shares of STAG stock opened at $39.11 on Monday. The company has a market capitalization of $7.48 billion, a PE ratio of 30.32 and a beta of 0.97. The firm has a fifty day simple moving average of $38.27 and a 200-day simple moving average of $37.99. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial, Inc. has a twelve month low of $33.72 and a twelve month high of $39.99.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.51 million. During the same period last year, the business earned $0.61 EPS. The business’s revenue was up 9.0% on a year-over-year basis. Equities research analysts anticipate that Stag Industrial, Inc. will post 2.64 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

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 dividend of $0.3875 per share. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.0%. Stag Industrial’s dividend payout ratio (DPR) is currently 120.16%.

Analyst Upgrades and Downgrades

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

Stag Industrial 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.