151,652 Shares in Stag Industrial, Inc. $STAG Purchased by Man Group plc

Key Points

• Man Group plc acquired 151,652 shares of Stag Industrial during the second quarter, valued at approximately $5.8 million. Institutional investors collectively own 88.67% of the REIT.
• Analysts have a consensus “Hold” rating on STAG, with an average price target of $50.50, while the stock recently traded at $37.19.
• Stag Industrial reported quarterly revenue of $224.37 million, up 8.1% year over year, but earnings per share of $0.28 fell short of estimates. The company declared a quarterly dividend of $0.3875, implying a 4.2% annualized yield.

Man Group plc acquired a new stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund acquired 151,652 shares of the real estate investment trust's stock, valued at approximately $5,772,000. Man Group plc owned approximately 0.08% of Stag Industrial as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. BlackRock Inc. acquired a new stake in Stag Industrial in the second quarter valued at approximately $1,097,126,000. State Street Corp increased its stake in shares of Stag Industrial by 1.5% during the 2nd quarter. State Street Corp now owns 9,539,842 shares of the real estate investment trust's stock worth $347,261,000 after purchasing an additional 142,132 shares during the last quarter. Norges Bank acquired a new position in shares of Stag Industrial during the 4th quarter worth $295,644,000. Alliancebernstein L.P. raised its holdings in shares of Stag Industrial by 4.3% during the 2nd quarter. Alliancebernstein L.P. now owns 3,950,923 shares of the real estate investment trust's stock valued at $143,339,000 after purchasing an additional 162,887 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Stag Industrial by 1.7% in the 4th quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust's stock valued at $140,851,000 after purchasing an additional 65,502 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on STAG shares. Weiss Ratings restated a "buy (b-)" rating on shares of Stag Industrial in a report on Friday, July 31st. Robert W. Baird set a $138.00 price target on shares of Stag Industrial in a research report on Friday, July 31st. Wells Fargo & Company lowered their target price on shares of Stag Industrial from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research note on Monday, June 1st. Barclays lifted their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a report on Thursday, July 16th. Finally, Wall Street Zen lowered shares of Stag Industrial from a "hold" rating to a "sell" rating in a research report on Monday, August 24th. Three equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target of $50.50.

Stag Industrial Price Performance

Stag Industrial stock opened at $37.19 on Friday. 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 company has a market capitalization of $7.17 billion, a PE ratio of 28.61 and a beta of 0.96. Stag Industrial, Inc. has a one year low of $34.40 and a one year high of $42.61. The business has a 50 day simple moving average of $38.58 and a 200 day simple moving average of $38.28.

Stag Industrial (NYSE:STAG - Get Free Report) last released 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 firm had revenue of $224.37 million during the quarter, compared to analyst estimates of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. Stag Industrial's quarterly revenue was up 8.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.63 earnings per share. On average, sell-side analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date 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.

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