GSA Capital Partners LLP Makes New Investment in Stag Industrial, Inc. $STAG

GSA Capital Partners LLP bought a new position in shares of Stag Industrial, Inc. (NYSE:STAG) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 39,253 shares of the real estate investment trust’s stock, valued at approximately $1,494,000.

Other institutional investors have also made changes to their positions in the company. EverSource Wealth Advisors LLC grew its holdings in Stag Industrial by 22.0% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 285 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in Stag Industrial by 1.2% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock valued at $1,122,000 after acquiring an additional 367 shares in the last quarter. First National Trust Co raised its stake in shares of Stag Industrial by 1.7% in the fourth quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 388 shares during the last quarter. Root Financial Partners LLC raised its stake in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 397 shares during the last quarter. Finally, Gamco Investors INC. ET AL lifted its position in shares of Stag Industrial by 1.4% during the first quarter. Gamco Investors INC. ET AL now owns 30,042 shares of the real estate investment trust’s stock worth $1,083,000 after purchasing an additional 402 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Stag Industrial Stock Up 0.0%

Shares of NYSE:STAG opened at $36.76 on Monday. Stag Industrial, Inc. has a one year low of $34.33 and a one year high of $42.61. The company has a 50 day moving average of $38.80 and a 200-day moving average of $38.36. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 28.28 and a beta of 0.96.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business had revenue of $224.37 million for the quarter, compared to the consensus estimate of $223.04 million. During the same period last year, the firm earned $0.63 earnings per share. The company’s quarterly revenue was up 8.1% on a year-over-year basis. On average, sell-side analysts forecast that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be given a dividend of $0.3875 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. Stag Industrial’s payout ratio is presently 119.23%.

Analysts Set New Price Targets

STAG has been the topic of several research analyst reports. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Sunday. Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a research report on Friday, July 31st. Wells Fargo & Company reduced their price objective 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 started coverage on Stag Industrial in a research report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective on the stock. Finally, Barclays lifted their target price on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $50.50.

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.