956,181 Shares in Stag Industrial, Inc. $STAG Acquired by Legal & General Group Plc

Legal & General Group Plc purchased a new position in Stag Industrial, Inc. (NYSE:STAG) in the 2nd quarter, Holdings Channel reports. The institutional investor purchased 956,181 shares of the real estate investment trust’s stock, valued at approximately $36,392,000.

Several other institutional investors and hedge funds have also recently modified their holdings of STAG. Measured Wealth Private Client Group LLC bought a new stake in Stag Industrial in the 3rd quarter valued at $27,000. Clearstead Advisors LLC boosted its holdings in shares of Stag Industrial by 193.6% during 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 during the last quarter. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Stag Industrial during the second quarter valued at about $46,000. International Assets Investment Management LLC purchased a new position in shares of Stag Industrial during the fourth quarter valued at about $51,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a research report on Friday, July 31st. Raymond James Financial initiated coverage on Stag Industrial in a report on Wednesday, June 17th. They set an “outperform” rating and a $44.00 price target for the company. Robert W. Baird set a $138.00 price objective on Stag Industrial in a research note on Friday, July 31st. Wall Street Zen cut Stag Industrial from a “hold” rating to a “sell” rating in a report on Monday, August 24th. Finally, Wells Fargo & Company lowered their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $50.50.

Stag Industrial Stock Up 0.3%

Shares of NYSE STAG opened at $37.19 on Friday. The firm’s 50-day moving average price is $38.58 and its 200-day moving average price is $38.28. The company has a current ratio of 1.76, a quick ratio of 1.76 and a debt-to-equity ratio of 0.93. The stock 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 12-month low of $34.40 and a 12-month high of $42.61.

Stag Industrial (NYSE:STAG) last announced its quarterly 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 the consensus estimate of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm’s revenue was up 8.1% on a year-over-year basis. During the same period in the previous year, the business posted $0.63 EPS. On average, equities research analysts anticipate that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Announces Dividend

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