15,371 Shares in Stag Industrial, Inc. $STAG Purchased by Groupe la Francaise

Groupe la Francaise bought a new position in Stag Industrial, Inc. (NYSE:STAG) in the 1st quarter, HoldingsChannel reports. The institutional investor bought 15,371 shares of the real estate investment trust’s stock, valued at approximately $554,000.

A number of other hedge funds have also added to or reduced their stakes in STAG. Clearstead Advisors LLC increased its position in shares of Stag Industrial by 193.6% during the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the period. Measured Wealth Private Client Group LLC bought a new stake in Stag Industrial during the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC bought a new stake in Stag Industrial during the 4th quarter worth approximately $51,000. EverSource Wealth Advisors LLC lifted its stake in Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in 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 during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Performance

Stag Industrial stock opened at $38.24 on Friday. Stag Industrial, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $42.61. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.57 and a current ratio of 1.76. The stock has a market cap of $7.37 billion, a P/E ratio of 29.42 and a beta of 0.97. The firm’s fifty day moving average price is $38.87 and its 200-day moving average price is $38.37.

Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.37). The company had revenue of $224.37 million during the quarter, compared to analysts’ expectations of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The firm’s revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.63 earnings per share. On average, equities research analysts expect that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.3875 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 annualized dividend and a yield of 4.1%. Stag Industrial’s payout ratio is 119.23%.

Analysts Set New Price Targets

A number of research analysts have recently commented on STAG shares. Raymond James Financial started coverage on shares of Stag Industrial in a research report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target for the company. Robert W. Baird set a $138.00 price objective on Stag Industrial in a research report on Friday. Wells Fargo & Company dropped their price objective on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Weiss Ratings cut Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Finally, Barclays upped their target price on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research note on Thursday, July 16th. Three equities research 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, Stag Industrial has a consensus rating of “Hold” and an average price target of $50.50.

About Stag Industrial

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.