Stag Industrial, Inc. $STAG Shares Acquired by GW&K Investment Management LLC

GW&K Investment Management LLC increased its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 1,156,216 shares of the real estate investment trust’s stock after buying an additional 26,841 shares during the period. GW&K Investment Management LLC’s holdings in Stag Industrial were worth $42,503,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Clearstead Advisors LLC raised 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 acquiring an additional 482 shares during the last quarter. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial during the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC acquired a new position in shares of Stag Industrial during the 4th quarter worth approximately $51,000. EverSource Wealth Advisors LLC grew its position 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 valued at $52,000 after purchasing an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC grew its position 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 valued at $59,000 after purchasing an additional 397 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Trading Up 2.1%

Shares of Stag Industrial stock opened at $37.92 on Wednesday. The stock has a 50 day moving average of $38.02 and a 200 day moving average of $38.01. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.57 and a current ratio of 1.57. The firm has a market capitalization of $7.25 billion, a price-to-earnings ratio of 29.40 and a beta of 0.98. Stag Industrial, Inc. has a fifty-two week low of $33.72 and a fifty-two week high of $39.99.

Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company had revenue of $224.21 million for the quarter, compared to the consensus estimate of $221.52 million. During the same quarter in the previous year, the business earned $0.61 earnings per share. The company’s revenue for the quarter was up 9.0% on a year-over-year basis. 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 Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.3875 dividend. This represents a $1.55 annualized dividend and a yield of 4.1%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s payout ratio is 120.16%.

Analysts Set New Price Targets

STAG has been the topic of a number of analyst reports. 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 research report on Monday, June 1st. Barclays cut their target price 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. Weiss Ratings lowered Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Robert W. Baird set a $40.00 price target on shares of Stag Industrial in a research report on Tuesday, February 17th. Finally, Evercore reissued an “outperform” rating and issued a $44.00 price objective on shares of Stag Industrial in a report on Wednesday, April 29th. Two 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 stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price 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.