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.
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