VIRGINIA RETIREMENT SYSTEMS ET Al Makes New $3.01 Million Investment in Stag Industrial, Inc. $STAG

VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Stag Industrial, Inc. (NYSE:STAG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 79,092 shares of the real estate investment trust’s stock, valued at approximately $3,010,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. EverSource Wealth Advisors LLC raised its position in shares of Stag Industrial by 22.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 285 shares during the last quarter. Nissay Asset Management Corp Japan grew its position in Stag Industrial by 1.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 29,952 shares of the real estate investment trust’s stock valued at $1,140,000 after purchasing an additional 302 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its position in Stag Industrial by 1.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock valued at $1,122,000 after purchasing an additional 367 shares during the last quarter. First National Trust Co increased its stake in Stag Industrial by 1.7% during the 4th quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock valued at $852,000 after purchasing an additional 388 shares in the last quarter. Finally, Root Financial Partners LLC increased its stake in Stag Industrial by 32.9% during 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 currently owned by institutional investors.

Stag Industrial Price Performance

NYSE STAG opened at $36.86 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. Stag Industrial, Inc. has a fifty-two week low of $34.40 and a fifty-two week high of $42.61. The business’s fifty day moving average is $38.33 and its 200 day moving average is $38.20. The company has a market capitalization of $7.11 billion, a PE ratio of 28.35 and a beta of 0.95.

Stag Industrial (NYSE:STAG) last issued 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). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business had revenue of $224.37 million during the quarter, compared to analysts’ expectations of $223.04 million. During the same quarter in the previous year, the company posted $0.63 EPS. The company’s quarterly revenue was up 8.1% on a year-over-year basis. Sell-side analysts predict that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. Stag Industrial’s dividend payout ratio (DPR) is presently 119.23%.

Analysts Set New Price Targets

STAG has been the topic of a number of recent analyst reports. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday, September 5th. Raymond James Financial initiated coverage on Stag Industrial in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective on the stock. Robert W. Baird raised Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Monday, August 31st. Barclays lifted their price objective on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a report on Thursday, July 16th. Finally, Weiss Ratings reissued a “buy (b-)” rating on shares of Stag Industrial in a research report on Friday, July 31st. Four analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $40.70.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties across the United States. The company primarily focuses on single-tenant facilities, including warehouses, distribution centers, manufacturing buildings and flex industrial properties.

STAG seeks to build a diversified portfolio by investing in properties used by businesses across a range of industries and serving multiple markets. Its properties support activities such as logistics, e-commerce fulfillment, manufacturing and product distribution.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.