Shepherd Financial Partners LLC Invests $620,000 in Stag Industrial, Inc. $STAG

Shepherd Financial Partners LLC acquired a new stake in shares of Stag Industrial, Inc. (NYSE:STAG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm acquired 16,302 shares of the real estate investment trust’s stock, valued at approximately $620,000.

A number of other large investors also recently modified their holdings of STAG. Pacific Heights Asset Management LLC raised its holdings in Stag Industrial by 25.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock valued at $18,380,000 after acquiring an additional 100,000 shares during the period. Oppenheimer Asset Management Inc. bought a new position in shares of Stag Industrial in the second quarter worth about $3,693,000. Bessemer Group Inc. boosted its stake in shares of Stag Industrial by 8.0% in the fourth quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust’s stock worth $30,684,000 after acquiring an additional 61,675 shares during the period. Geode Capital Management LLC grew its position in shares of Stag Industrial by 1.7% during the fourth quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock worth $140,851,000 after purchasing an additional 65,502 shares in the last quarter. Finally, Bank of America Corp DE grew its position in shares of Stag Industrial by 8.0% during the first quarter. Bank of America Corp DE now owns 1,500,536 shares of the real estate investment trust’s stock worth $54,109,000 after purchasing an additional 111,001 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on STAG shares. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a report on Sunday. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Raymond James Financial started coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price objective on the stock. Evercore reissued an “outperform” rating and issued a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Finally, Barclays upped their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Three 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. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $50.50.

Stag Industrial Price Performance

Shares of Stag Industrial stock opened at $36.39 on Thursday. The stock has a 50 day moving average of $38.74 and a 200 day moving average of $38.35. Stag Industrial, Inc. has a 12 month low of $34.40 and a 12 month high of $42.61. The firm has a market cap of $7.02 billion, a PE ratio of 28.00 and a beta of 0.96. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). The firm had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business’s revenue was up 8.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. On average, research analysts expect that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.3875 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.3%. Stag Industrial’s dividend payout ratio (DPR) is 119.23%.

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.