Sigma Planning Corp Has $268,000 Position in Stag Industrial Inc (STAG)

Sigma Planning Corp Has $268,000 Position in Stag Industrial Inc (STAG)

Sigma Planning Corp trimmed its stake in shares of Stag Industrial Inc (NYSE:STAG) by 6.0% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,047 shares of the real estate investment trust’s stock after selling 579 shares during the period. Sigma Planning Corp’s holdings in Stag Industrial were worth $268,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Vanguard Group Inc lifted its position in shares of Stag Industrial by 5.8% in the third quarter. Vanguard Group Inc now owns 14,841,260 shares of the real estate investment trust’s stock valued at $408,135,000 after acquiring an additional 813,941 shares in the last quarter. Zimmer Partners LP acquired a new position in Stag Industrial during the 4th quarter worth approximately $63,247,000. Chartwell Investment Partners LLC acquired a new position in Stag Industrial during the 4th quarter worth approximately $13,202,000. Geode Capital Management LLC increased its position in Stag Industrial by 11.4% during the 4th quarter. Geode Capital Management LLC now owns 1,121,785 shares of the real estate investment trust’s stock worth $27,909,000 after purchasing an additional 114,578 shares during the period. Finally, Commonwealth Equity Services LLC increased its position in Stag Industrial by 8.0% during the 4th quarter. Commonwealth Equity Services LLC now owns 35,229 shares of the real estate investment trust’s stock worth $876,000 after purchasing an additional 2,613 shares during the period. 76.91% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have issued reports on STAG shares. LADENBURG THALM/SH SH boosted their target price on Stag Industrial from $31.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, February 20th. DA Davidson boosted their target price on Stag Industrial to $32.00 and gave the stock a “neutral” rating in a research report on Thursday, April 4th. Zacks Investment Research cut Stag Industrial from a “hold” rating to a “sell” rating in a research report on Thursday, January 17th. ValuEngine upgraded Stag Industrial from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Finally, Berenberg Bank started coverage on Stag Industrial in a research report on Tuesday, April 23rd. They set a “hold” rating and a $30.00 target price on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of $29.25.

STAG opened at $29.30 on Thursday. The company has a market capitalization of $3.70 billion, a P/E ratio of 16.37, a PEG ratio of 3.31 and a beta of 1.04. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.28 and a current ratio of 1.28. Stag Industrial Inc has a 1-year low of $23.24 and a 1-year high of $29.89.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, April 30th. The real estate investment trust reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.39). The firm had revenue of $95.70 million during the quarter, compared to analyst estimates of $95.19 million. Stag Industrial had a return on equity of 4.63% and a net margin of 19.44%. The business’s revenue was up 14.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.43 EPS. As a group, equities research analysts forecast that Stag Industrial Inc will post 1.83 earnings per share for the current fiscal year.

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.1192 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 4.88%. The ex-dividend date is Thursday, June 27th. Stag Industrial’s dividend payout ratio is currently 79.89%.

About Stag Industrial

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

Featured Story: How mutual funds make money

Want to see what other hedge funds are holding STAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stag Industrial Inc (NYSE:STAG).

Related posts

Leave a Comment