San Francisco Sentry Investment Group CA boosted its stake in shares of Stag Industrial Inc (NYSE:STAG) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 14,757 shares of the real estate investment trust’s stock after purchasing an additional 500 shares during the quarter. San Francisco Sentry Investment Group CA’s holdings in Stag Industrial were worth $435,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently modified their holdings of STAG. Vanguard Group Inc. increased its holdings in shares of Stag Industrial by 8.4% in the 2nd quarter. Vanguard Group Inc. now owns 17,633,398 shares of the real estate investment trust’s stock valued at $533,235,000 after acquiring an additional 1,368,855 shares during the last quarter. BlackRock Inc. increased its holdings in shares of Stag Industrial by 13.4% in the 2nd quarter. BlackRock Inc. now owns 12,370,598 shares of the real estate investment trust’s stock valued at $374,085,000 after acquiring an additional 1,460,832 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in shares of Stag Industrial by 42.5% in the 2nd quarter. Nuveen Asset Management LLC now owns 4,513,208 shares of the real estate investment trust’s stock valued at $136,478,000 after acquiring an additional 1,346,514 shares during the last quarter. Earnest Partners LLC purchased a new position in shares of Stag Industrial in the 2nd quarter valued at about $101,694,000. Finally, Northern Trust Corp increased its holdings in shares of Stag Industrial by 66.1% in the 2nd quarter. Northern Trust Corp now owns 2,750,894 shares of the real estate investment trust’s stock valued at $83,187,000 after acquiring an additional 1,095,183 shares during the last quarter. Institutional investors own 88.97% of the company’s stock.
NYSE:STAG opened at $30.62 on Friday. The stock’s 50 day moving average price is $29.69 and its 200 day moving average price is $29.74. The company has a market capitalization of $3.87 billion, a PE ratio of 17.11, a P/E/G ratio of 4.33 and a beta of 0.89. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. Stag Industrial Inc has a 52-week low of $23.24 and a 52-week high of $31.66.
Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.45 by ($0.35). Stag Industrial had a return on equity of 4.57% and a net margin of 20.06%. The firm had revenue of $96.65 million for the quarter, compared to analysts’ expectations of $97.90 million. During the same quarter in the prior year, the business earned $0.45 EPS. The company’s quarterly revenue was up 13.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Stag Industrial Inc will post 1.82 EPS for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.119 per share. The ex-dividend date is Wednesday, October 30th. This represents a $1.43 dividend on an annualized basis and a yield of 4.66%. Stag Industrial’s payout ratio is 79.89%.
STAG has been the topic of a number of research reports. Zacks Investment Research upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $30.63.
In other Stag Industrial news, EVP Jeffrey M. Sullivan sold 35,815 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was sold at an average price of $29.37, for a total transaction of $1,051,886.55. Following the completion of the sale, the executive vice president now directly owns 35,815 shares of the company’s stock, valued at approximately $1,051,886.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is currently owned by company insiders.
Stag Industrial Company Profile
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.
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