GW&K Investment Management LLC Grows Position in Stag Industrial, Inc. $STAG

GW&K Investment Management LLC lifted its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,156,216 shares of the real estate investment trust’s stock after purchasing an additional 26,841 shares during the quarter. GW&K Investment Management LLC owned 0.62% of Stag Industrial worth $42,503,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in STAG. Clearstead Advisors LLC boosted its holdings in Stag Industrial by 193.6% during the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new stake in shares of Stag Industrial during the 3rd quarter worth about $27,000. International Assets Investment Management LLC acquired a new stake in shares of Stag Industrial during the 4th quarter valued at about $51,000. EverSource Wealth Advisors LLC grew its position in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,048 shares during the period. Finally, Root Financial Partners LLC increased its stake in shares of Stag Industrial by 32.9% in the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 397 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Stag Industrial Trading Up 2.1%

Shares of Stag Industrial stock opened at $37.92 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 0.87. Stag Industrial, Inc. has a twelve month low of $33.72 and a twelve month high of $39.99. The firm has a market capitalization of $7.25 billion, a PE ratio of 29.40 and a beta of 0.98. The firm’s 50-day moving average price is $38.02 and its 200 day moving average price is $38.01.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.52 million. During the same period in the previous year, the business earned $0.61 EPS. Stag Industrial’s quarterly revenue was up 9.0% on a year-over-year basis. On average, sell-side analysts predict that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s payout ratio is presently 120.16%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on STAG shares. Barclays reduced their price target on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. Evercore restated an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a research report on Wednesday, April 29th. JPMorgan Chase & Co. upped their target price on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, February 19th. Robert W. Baird set a $40.00 target price on Stag Industrial in a research report on Tuesday, February 17th. Finally, Weiss Ratings cut shares of Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, May 4th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Stag Industrial presently has an average rating of “Hold” and a consensus price target of $40.00.

Stag Industrial 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.