Legal & General Group Plc Buys Shares of 956,181 Stag Industrial, Inc. $STAG

Legal & General Group Plc purchased a new stake in shares of Stag Industrial, Inc. (NYSE:STAG) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 956,181 shares of the real estate investment trust’s stock, valued at approximately $36,392,000. Legal & General Group Plc owned 0.50% of Stag Industrial at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of STAG. Clearstead Advisors LLC increased its position in 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 acquiring an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Stag Industrial in the third quarter worth about $27,000. Northwestern Mutual Wealth Management Co. purchased a new position in Stag Industrial in the second quarter worth about $46,000. International Assets Investment Management LLC bought a new stake in shares of Stag Industrial during the 4th quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,048 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on STAG. Wall Street Zen cut shares of Stag Industrial from a “hold” rating to a “sell” rating in a research note on Monday, August 24th. Robert W. Baird set a $138.00 target price on shares of Stag Industrial in a research report on Friday, July 31st. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a research report on Friday, July 31st. Raymond James Financial began coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 target price for the company. Finally, Barclays increased their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $50.50.

Stag Industrial Stock Performance

STAG opened at $37.19 on Friday. The firm has a market cap of $7.17 billion, a P/E ratio of 28.61 and a beta of 0.96. Stag Industrial, Inc. has a 1-year low of $34.40 and a 1-year high of $42.61. The company has a 50 day simple moving average of $38.58 and a two-hundred day simple moving average of $38.28. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76.

Stag Industrial (NYSE:STAG) last announced 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 firm 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 business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the company earned $0.63 earnings per share. Equities analysts forecast that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm 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 $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s dividend payout ratio is presently 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.