Caisse de depot et placement du Quebec Buys Shares of 72,249 Stag Industrial, Inc. $STAG

Caisse de depot et placement du Quebec purchased a new stake in Stag Industrial, Inc. (NYSE:STAG) during the 2nd quarter, HoldingsChannel reports. The institutional investor purchased 72,249 shares of the real estate investment trust’s stock, valued at approximately $2,750,000.

A number of other hedge funds have also modified their holdings of the business. BlackRock Inc. acquired a new stake in shares of Stag Industrial during the 2nd quarter worth about $1,097,126,000. Norges Bank purchased a new stake in Stag Industrial in the 4th quarter valued at about $295,644,000. Bank of New York Mellon Corp acquired a new position in Stag Industrial in the second quarter valued at about $58,805,000. Jupiter Topco LLC acquired a new position in Stag Industrial in the second quarter valued at about $43,461,000. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Stag Industrial by 434,005.1% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,098,286 shares of the real estate investment trust’s stock worth $40,373,000 after buying an additional 1,098,033 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Stag Industrial Stock Performance

Shares of Stag Industrial stock opened at $37.19 on Friday. The stock has a market capitalization of $7.17 billion, a price-to-earnings ratio of 28.61 and a beta of 0.96. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76. The business has a 50-day moving average of $38.58 and a 200 day moving average of $38.28. Stag Industrial, Inc. has a 12 month low of $34.40 and a 12 month high of $42.61.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results 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). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business had revenue of $224.37 million for the quarter, compared to analysts’ expectations of $223.04 million. During the same quarter last year, the company earned $0.63 earnings per share. The firm’s revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be issued a dividend of $0.3875 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. Stag Industrial’s dividend payout ratio is 119.23%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Barclays lifted their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Robert W. Baird set a $138.00 price objective on shares of Stag Industrial in a report on Friday, July 31st. Raymond James Financial began 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 for the company. Wells Fargo & Company dropped their target price on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Finally, Wall Street Zen lowered Stag Industrial from a “hold” rating to a “sell” rating in a research report on Monday, August 24th. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Stag Industrial has an average rating of “Hold” and a consensus target price of $50.50.

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.