Parr Mcknight Wealth Management Group LLC bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor bought 26,503 shares of the real estate investment trust's stock, valued at approximately $896,000.
Several other large investors have also recently added to or reduced their stakes in the business. Quarry LP acquired a new position in STAG Industrial during the 4th quarter worth approximately $62,000. Principal Securities Inc. boosted its stake in STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after purchasing an additional 510 shares during the period. Aew Capital Management L P boosted its stake in STAG Industrial by 52.4% during the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 1,100 shares during the period. Venturi Wealth Management LLC acquired a new stake in STAG Industrial during the 4th quarter worth $109,000. Finally, Blue Trust Inc. boosted its stake in STAG Industrial by 23.7% during the 4th quarter. Blue Trust Inc. now owns 3,909 shares of the real estate investment trust's stock worth $132,000 after purchasing an additional 750 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of analysts recently weighed in on the stock. Raymond James increased their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Robert W. Baird decreased their price target on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $38.00 price objective on shares of STAG Industrial in a research report on Monday, May 19th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, STAG Industrial presently has an average rating of "Hold" and a consensus target price of $39.63.
Check Out Our Latest Analysis on STAG
STAG Industrial Price Performance
Shares of STAG traded up $0.83 during trading hours on Tuesday, reaching $34.90. The company had a trading volume of 1,100,262 shares, compared to its average volume of 1,227,593. The firm has a 50 day simple moving average of $33.71 and a 200-day simple moving average of $34.65. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.51 billion, a price-to-earnings ratio of 33.56 and a beta of 0.93. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63.
STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million for the quarter, compared to analysts' expectations of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The firm's revenue was up 9.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.59 EPS. Research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.
STAG Industrial Announces Dividend
The firm also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 4.37%. STAG Industrial's payout ratio is 112.03%.
About STAG Industrial
(
Free Report)
STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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