Segall Bryant & Hamill LLC Purchases 14,555 Shares of Stag Industrial, Inc. $STAG

Segall Bryant & Hamill LLC lifted its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 1.2% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,247,215 shares of the real estate investment trust’s stock after buying an additional 14,555 shares during the quarter. Stag Industrial makes up 0.6% of Segall Bryant & Hamill LLC’s holdings, making the stock its 29th largest holding. Segall Bryant & Hamill LLC’s holdings in Stag Industrial were worth $44,975,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of STAG. Clearstead Advisors LLC increased its stake in Stag Industrial by 193.6% in the 4th 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 position in shares of Stag Industrial in the third quarter valued at about $27,000. International Assets Investment Management LLC purchased a new position in shares of Stag Industrial in the fourth quarter valued at about $51,000. EverSource Wealth Advisors LLC boosted its stake in shares of Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,048 shares during the period. Finally, Root Financial Partners LLC boosted its stake in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 397 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Down 0.8%

Shares of NYSE:STAG opened at $38.24 on Friday. Stag Industrial, Inc. has a 1 year low of $33.72 and a 1 year high of $42.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.57. The firm has a market capitalization of $7.37 billion, a PE ratio of 29.42 and a beta of 0.97. The business has a 50 day simple moving average of $38.87 and a two-hundred day simple moving average of $38.37.

Stag Industrial (NYSE:STAG) last posted 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 business had revenue of $224.37 million for the quarter, compared to analysts’ expectations of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. Stag Industrial’s revenue was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 EPS. On average, equities analysts predict that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 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 Wednesday, September 30th. Stag Industrial’s dividend payout ratio (DPR) is 119.23%.

Analysts Set New Price Targets

STAG has been the topic of several recent analyst reports. Evercore reissued an “outperform” rating and set a $44.00 target price on shares of Stag Industrial in a research note on Wednesday, April 29th. Robert W. Baird set a $138.00 price objective on shares of Stag Industrial in a report on Friday. Wells Fargo & Company reduced their price objective on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, June 1st. Raymond James Financial initiated coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price on the stock. Finally, Barclays boosted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average 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.