Drucker Wealth 3.0 LLC Acquires New Stake in Stag Industrial, Inc. $STAG

Key Points

• Drucker Wealth 3.0 LLC recently acquired 11,203 shares of Stag Industrial, valued at approximately $405,000, indicating growing interest among institutional investors.
• Following an analysis, Evercore ISI raised their price target for Stag Industrial from $40.00 to $41.00, labeling the stock as having an "outperform" rating, while analysts generally maintain a "hold" rating on the stock.
• Stag Industrial announced a dividend of $0.1242 per share, with an annualized yield of 4.2%, and a dividend payout ratio of 117.32%.

Drucker Wealth 3.0 LLC acquired a new stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 11,203 shares of the real estate investment trust's stock, valued at approximately $405,000.

A number of other hedge funds also recently bought and sold shares of STAG. Aberdeen Group plc grew its holdings in Stag Industrial by 12.5% during the second quarter. Aberdeen Group plc now owns 66,295 shares of the real estate investment trust's stock valued at $2,405,000 after purchasing an additional 7,349 shares during the period. Tectonic Advisors LLC grew its holdings in Stag Industrial by 2.4% during the second quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust's stock valued at $472,000 after purchasing an additional 304 shares during the period. KLP Kapitalforvaltning AS grew its holdings in Stag Industrial by 7.3% during the second quarter. KLP Kapitalforvaltning AS now owns 38,400 shares of the real estate investment trust's stock valued at $1,397,000 after purchasing an additional 2,600 shares during the period. Chung Wu Investment Group LLC bought a new stake in Stag Industrial during the second quarter valued at about $29,000. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in Stag Industrial by 2.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,110,374 shares of the real estate investment trust's stock valued at $76,564,000 after purchasing an additional 50,525 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on STAG shares. Evercore ISI boosted their price target on Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a report on Monday, September 15th. Weiss Ratings reissued a "hold (c+)" rating on shares of Stag Industrial in a report on Wednesday. Cantor Fitzgerald started coverage on Stag Industrial in a report on Wednesday, October 1st. They set a "neutral" rating and a $37.00 price target for the company. Finally, Industrial Alliance Securities set a $37.00 target price on Stag Industrial in a research report on Wednesday, October 1st. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $38.00.

Stag Industrial Stock Down 2.6%

NYSE STAG opened at $35.49 on Friday. The stock's 50 day moving average is $35.70 and its 200 day moving average is $35.15. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.21. The stock has a market cap of $6.63 billion, a PE ratio of 27.95 and a beta of 0.92.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts' consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company had revenue of $207.44 million for the quarter, compared to analysts' expectations of $206.37 million. During the same period in the previous year, the firm earned $0.61 EPS. The firm's revenue was up 9.4% compared to the same quarter last year. Research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be issued a dividend of $0.1242 per share. This represents a c) annualized dividend and a yield of 4.2%. The ex-dividend date is Wednesday, December 31st. Stag Industrial's dividend payout ratio (DPR) is currently 117.32%.

Insider Activity at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 25,000 shares of the firm's stock in a transaction that occurred on Friday, September 5th. The stock was sold at an average price of $36.91, for a total transaction of $922,750.00. Following the completion of the transaction, the director owned 7,562 shares in the company, valued at $279,113.42. This trade represents a 76.78% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Larry T. Guillemette sold 2,004 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total value of $70,540.80. Following the transaction, the director owned 38,666 shares of the company's stock, valued at $1,361,043.20. This represents a 4.93% decrease in their position. The disclosure for this sale can be found here. Company insiders own 1.10% of the company's stock.

About Stag Industrial

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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