Inceptionr LLC Raises Position in Stag Industrial, Inc. $STAG

Inceptionr LLC lifted its holdings in Stag Industrial, Inc. (NYSE:STAG) by 270.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,365 shares of the real estate investment trust’s stock after purchasing an additional 20,714 shares during the quarter. Inceptionr LLC’s holdings in Stag Industrial were worth $1,023,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in STAG. Sei Investments Co. increased its position in Stag Industrial by 1.7% during the 1st quarter. Sei Investments Co. now owns 659,199 shares of the real estate investment trust’s stock valued at $23,771,000 after buying an additional 11,154 shares in the last quarter. First Trust Advisors LP raised its stake in Stag Industrial by 132.8% in the first quarter. First Trust Advisors LP now owns 130,916 shares of the real estate investment trust’s stock valued at $4,721,000 after buying an additional 74,681 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Stag Industrial by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 2,983,231 shares of the real estate investment trust’s stock worth $107,576,000 after acquiring an additional 113,678 shares in the last quarter. Parallel Advisors LLC boosted its holdings in Stag Industrial by 32.2% in the first quarter. Parallel Advisors LLC now owns 4,883 shares of the real estate investment trust’s stock worth $176,000 after acquiring an additional 1,190 shares in the last quarter. Finally, Swiss National Bank grew its stake in shares of Stag Industrial by 0.4% during the first quarter. Swiss National Bank now owns 369,500 shares of the real estate investment trust’s stock worth $13,324,000 after acquiring an additional 1,400 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Up 1.5%

Stag Industrial stock opened at $41.11 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The business’s 50-day simple moving average is $38.74 and its two-hundred day simple moving average is $38.30. The company has a market cap of $7.86 billion, a PE ratio of 31.87 and a beta of 0.97. Stag Industrial, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $42.61.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data 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 return on equity of 6.80% and a net margin of 28.25%.The business had revenue of $224.21 million for the quarter, compared to analyst estimates of $221.51 million. During the same period in the prior year, the company earned $0.61 earnings per share. The company’s revenue was up 9.0% on a year-over-year basis. Equities analysts anticipate that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 3.8%. The ex-dividend date was Tuesday, June 30th. Stag Industrial’s dividend payout ratio is 120.16%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Raymond James Financial initiated coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price objective on the stock. Barclays lifted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. 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. Wells Fargo & Company cut their price target on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, June 1st. Finally, Evercore reaffirmed an “outperform” rating and issued a $44.00 price target on shares of Stag Industrial in a report on Wednesday, April 29th. Three research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $40.70.

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.