JPMorgan Chase & Co. Boosts Holdings in STAG Industrial, Inc. (NYSE:STAG)

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JPMorgan Chase & Co. increased its holdings in STAG Industrial, Inc. (NYSE:STAG) by 1.3% in the fourth quarter, Holdings reports. The firm owned 1,305,793 shares of the real estate investment trust’s stock after acquiring an additional 16,557 shares during the period. JPMorgan Chase & Co.’s holdings in STAG Industrial were worth $40,897,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the stock. International Assets Investment Management LLC bought a new stake in STAG Industrial in the fourth quarter worth $26,000. Planned Solutions Inc. grew its stake in shares of STAG Industrial by 111.1% during the fourth quarter. Planned Solutions Inc. now owns 950 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 500 shares during the last quarter. Marshall Wace North America L.P. purchased a new position in shares of STAG Industrial in the first quarter worth about $36,000. Phoenix Wealth Advisors bought a new stake in shares of STAG Industrial in the 4th quarter valued at about $63,000. Finally, Carroll Financial Associates Inc. boosted its holdings in STAG Industrial by 50.0% during the 4th quarter. Carroll Financial Associates Inc. now owns 2,059 shares of the real estate investment trust’s stock valued at $64,000 after acquiring an additional 686 shares during the period. Institutional investors own 91.06% of the company’s stock.

Shares of STAG Industrial stock opened at $34.55 on Thursday. STAG Industrial, Inc. has a 1 year low of $22.18 and a 1 year high of $34.93. The firm has a market cap of $5.50 billion, a price-to-earnings ratio of 42.65, a PEG ratio of 5.44 and a beta of 0.92. The company has a 50-day moving average of $33.05 and a 200 day moving average of $31.56. The company has a debt-to-equity ratio of 0.67, a current ratio of 1.83 and a quick ratio of 1.83.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 10th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.47 by $0.16. STAG Industrial had a net margin of 26.59% and a return on equity of 5.32%. The firm had revenue of $129.90 million during the quarter, compared to analyst estimates of $121.63 million. During the same period last year, the business earned $0.47 earnings per share. The business’s revenue was up 16.8% on a year-over-year basis. On average, equities analysts anticipate that STAG Industrial, Inc. will post 1.87 EPS for the current year.

The business also recently announced a monthly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be paid a $0.1208 dividend. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $1.45 dividend on an annualized basis and a dividend yield of 4.20%. STAG Industrial’s dividend payout ratio is currently 78.80%.

Several research analysts recently commented on STAG shares. Zacks Investment Research downgraded shares of STAG Industrial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 20th. JPMorgan Chase & Co. downgraded shares of STAG Industrial from an “overweight” rating to a “neutral” rating and set a $33.00 price objective for the company. in a research note on Monday, December 21st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. STAG Industrial currently has an average rating of “Hold” and an average target price of $33.78.

STAG Industrial Profile

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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