Deutsche Bank AG Buys New Position in Stag Industrial, Inc. $STAG

Key Points

• Deutsche Bank acquired 132,578 shares of Stag Industrial during the second quarter, valued at approximately $5.05 million and representing 0.07% of the REIT. Institutional investors collectively own 88.67% of the company.
• Stag Industrial reported quarterly revenue of $224.37 million, up 8.1% year over year and slightly above estimates, but its $0.28 EPS missed consensus by $0.37. Shares opened at $37.17, near the lower half of their 52-week range.
• The company declared a quarterly dividend of $0.3875 per share, equivalent to a 4.2% annualized yield. Analysts’ average rating is “Hold,” with a consensus price target of $50.50.

Deutsche Bank AG purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 132,578 shares of the real estate investment trust's stock, valued at approximately $5,046,000. Deutsche Bank AG owned 0.07% of Stag Industrial at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Clearstead Advisors LLC boosted its position 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 buying an additional 482 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in shares of Stag Industrial during the third quarter worth $27,000. International Assets Investment Management LLC acquired a new stake in shares of Stag Industrial in the fourth quarter valued at $51,000. EverSource Wealth Advisors LLC raised its stake 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 acquiring an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC boosted its holdings in 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 during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Stag Industrial Stock Up 0.3%

Shares of NYSE:STAG opened at $37.17 on Wednesday. The stock has a market cap of $7.17 billion, a P/E ratio of 28.59 and a beta of 0.96. The firm has a fifty day moving average price of $38.61 and a 200 day moving average price of $38.31. 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, Inc. has a 1-year low of $34.40 and a 1-year high of $42.61.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data 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). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The business had revenue of $224.37 million during the quarter, compared to analyst estimates of $223.04 million. During the same quarter in the prior year, the firm posted $0.63 earnings per share. The company's revenue for the quarter was up 8.1% compared to the same quarter last year. Sell-side analysts predict that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a dividend of $0.3875 per share. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Wednesday, September 30th. Stag Industrial's dividend payout ratio is 119.23%.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STAG. Raymond James Financial started coverage on Stag Industrial in a research report on Wednesday, June 17th. They issued an "outperform" rating and a $44.00 price target on the stock. Evercore reiterated an "outperform" rating and set a $44.00 price target on shares of Stag Industrial in a report on Wednesday, April 29th. Robert W. Baird set a $138.00 price objective on shares of Stag Industrial in a research report on Friday, July 31st. Weiss Ratings restated a "buy (b-)" rating on shares of Stag Industrial in a report on Friday, July 31st. Finally, Barclays increased their target price on Stag Industrial from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, July 16th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $50.50.

About Stag Industrial

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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