UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Buys 19,417 Shares of Stag Industrial, Inc. $STAG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in Stag Industrial, Inc. (NYSE:STAG) by 1.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,110,853 shares of the real estate investment trust’s stock after acquiring an additional 19,417 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Stag Industrial were worth $42,279,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in STAG. BlackRock Inc. bought a new position in shares of Stag Industrial during the 2nd quarter valued at about $1,097,126,000. State Street Corp lifted its position in Stag Industrial by 1.5% in the 2nd quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust’s stock worth $347,261,000 after buying an additional 142,132 shares during the last quarter. Norges Bank purchased a new stake in Stag Industrial in the fourth quarter worth approximately $295,644,000. Alliancebernstein L.P. boosted its stake in Stag Industrial by 4.3% in the second quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust’s stock worth $143,339,000 after buying an additional 162,887 shares in the last quarter. Finally, Geode Capital Management LLC boosted its stake in Stag Industrial by 1.7% in the fourth quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock worth $140,851,000 after buying an additional 65,502 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have commented on STAG shares. Raymond James Financial began coverage on shares of Stag Industrial in a research note on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target on the stock. Barclays upped their price objective on shares of Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Wells Fargo & Company decreased their target price on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Robert W. Baird raised shares of Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target for the company in a research note on Monday. Finally, Wall Street Zen lowered shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Monday, August 24th. Four investment analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, Stag Industrial presently has an average rating of “Hold” and a consensus target price of $40.70.

Stag Industrial Stock Up 0.6%

Shares of NYSE STAG opened at $37.66 on Friday. The firm’s fifty day moving average is $38.47 and its 200 day moving average is $38.24. Stag Industrial, Inc. has a 52 week low of $34.40 and a 52 week high of $42.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. The company has a market cap of $7.26 billion, a price-to-earnings ratio of 28.97 and a beta of 0.95.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results 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 firm had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.Stag Industrial’s revenue was up 8.1% on a year-over-year basis. During the same period last year, the business earned $0.63 EPS. On average, equities research analysts expect that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Announces Dividend

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

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.