Sanctuary Advisors LLC Acquires New Stake in Stag Industrial, Inc. $STAG

Sanctuary Advisors LLC acquired a new stake in Stag Industrial, Inc. (NYSE:STAG) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 22,098 shares of the real estate investment trust’s stock, valued at approximately $841,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Elevation Point Wealth Partners LLC purchased a new stake in shares of Stag Industrial during the second quarter worth $390,000. Commerce Bank purchased a new position in shares of Stag Industrial in the second quarter worth about $6,407,000. Northwestern Mutual Wealth Management Co. acquired a new position in Stag Industrial during the second quarter worth about $46,000. Quantbot Technologies LP acquired a new position in Stag Industrial during the second quarter worth about $305,000. Finally, Evolve Private Wealth LLC purchased a new stake in Stag Industrial during the 2nd quarter valued at about $273,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on STAG. Wall Street Zen downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a report on Monday, August 24th. Wells Fargo & Company lowered their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. Raymond James Financial assumed coverage on Stag Industrial in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price target for the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Finally, Barclays lifted their price objective on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Stag Industrial currently has an average rating of “Hold” and a consensus price target of $50.50.

Stag Industrial Trading Up 0.3%

Shares of Stag Industrial stock opened at $37.19 on Friday. The stock has a 50 day moving average of $38.58 and a 200 day moving average of $38.28. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $7.17 billion, a price-to-earnings ratio of 28.61 and a beta of 0.96. Stag Industrial, Inc. has a fifty-two week low of $34.40 and a fifty-two week high of $42.61.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). The business had revenue of $224.37 million during the quarter, compared to analysts’ expectations of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. Stag Industrial’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.63 EPS. As a group, research analysts predict that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s payout ratio is 119.23%.

Stag Industrial Company Profile

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.