Stag Industrial, Inc. $STAG Shares Purchased by Geode Capital Management LLC

Geode Capital Management LLC boosted its stake in Stag Industrial, Inc. (NYSE:STAG) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,830,915 shares of the real estate investment trust’s stock after purchasing an additional 65,502 shares during the period. Geode Capital Management LLC’s holdings in Stag Industrial were worth $140,851,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in STAG. Clearstead Advisors LLC increased its holdings in Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 482 shares in the last quarter. Measured Wealth Private Client Group LLC purchased a new position in Stag Industrial in the 3rd quarter valued at about $27,000. International Assets Investment Management LLC acquired a new stake in shares of Stag Industrial during the fourth quarter valued at about $51,000. EverSource Wealth Advisors LLC increased its position in shares of Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,048 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Stag Industrial by 76.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 764 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Performance

Shares of STAG stock opened at $36.98 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. Stag Industrial, Inc. has a one year low of $33.72 and a one year high of $39.99. The company’s 50-day simple moving average is $37.94 and its 200-day simple moving average is $38.03. The stock has a market capitalization of $7.07 billion, a price-to-earnings ratio of 28.67 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, topping the consensus estimate of $0.23 by $0.09. Stag Industrial had a net margin of 28.25% and a return on equity of 6.80%. The business had revenue of $224.21 million for the quarter, compared to analysts’ expectations of $221.52 million. During the same quarter last year, the company posted $0.61 earnings per share. The company’s quarterly revenue was up 9.0% compared to the same quarter last year. Equities analysts anticipate that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Tuesday, June 30th. Stag Industrial’s dividend payout ratio is currently 120.16%.

Wall Street Analyst Weigh In

Several research analysts recently commented on STAG shares. Wells Fargo & Company cut their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday. JPMorgan Chase & Co. raised their price objective on Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, February 19th. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Barclays lowered their price objective on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research note on Tuesday, May 5th. Finally, Evercore restated an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research note on Wednesday, April 29th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $40.00.

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.