Man Group plc Purchases Shares of 151,652 Stag Industrial, Inc. $STAG

Man Group plc purchased a new stake in Stag Industrial, Inc. (NYSE:STAG) in the second quarter, HoldingsChannel.com reports. The institutional investor purchased 151,652 shares of the real estate investment trust’s stock, valued at approximately $5,772,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in STAG. NewEdge Advisors LLC boosted its stake in shares of Stag Industrial by 17.6% during the 1st quarter. NewEdge Advisors LLC now owns 9,952 shares of the real estate investment trust’s stock worth $359,000 after acquiring an additional 1,491 shares during the period. Goldman Sachs Group Inc. raised its stake in Stag Industrial by 37.0% in the 1st quarter. Goldman Sachs Group Inc. now owns 1,671,949 shares of the real estate investment trust’s stock valued at $60,391,000 after acquiring an additional 451,355 shares during the period. Empowered Funds LLC acquired a new stake in Stag Industrial during the 1st quarter valued at $229,000. EverSource Wealth Advisors LLC lifted its holdings in Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,048 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Stag Industrial by 173.4% during the second quarter. First Trust Advisors LP now owns 177,756 shares of the real estate investment trust’s stock worth $6,449,000 after purchasing an additional 112,747 shares during the period. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently commented on STAG. Barclays upped their target price on Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research report on Thursday, July 16th. Wells Fargo & Company decreased 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 set an “outperform” rating and a $44.00 price objective on the stock. Weiss Ratings reiterated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Finally, Robert W. Baird set a $138.00 target price on shares of Stag Industrial in a report on Friday, July 31st. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Stag Industrial has an average rating of “Hold” and a consensus price target of $50.50.

Stag Industrial Price Performance

STAG stock opened at $37.19 on Friday. The company has a 50 day simple moving average of $38.58 and a 200 day simple moving average of $38.28. The stock has a market cap of $7.17 billion, a price-to-earnings ratio of 28.61 and a beta of 0.96. Stag Industrial, Inc. has a 1 year low of $34.40 and a 1 year high of $42.61. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76.

Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The firm had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. During the same period last year, the business earned $0.63 EPS. The company’s revenue was up 8.1% compared to the same quarter last year. 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 announced 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. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 annualized dividend and a yield of 4.2%. Stag Industrial’s dividend payout ratio is presently 119.23%.

Stag Industrial 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.