Emerald Investment Advisers LLC Purchases New Shares in Stag Industrial, Inc. $STAG

Key Points

• Emerald Investment Advisers purchased 86,760 shares of Stag Industrial during the second quarter, valued at approximately $3.3 million. Institutional investors collectively own 88.67% of the REIT’s outstanding stock.
• Analysts maintain a mixed outlook, with three Buy, six Hold, and one Sell rating. MarketBeat reports a consensus rating of Hold and an average price target of $50.50.
• Stag Industrial’s quarterly revenue rose 8.1% year over year to $224.37 million, but EPS of $0.28 fell short of the $0.65 consensus estimate. The company declared a quarterly dividend of $0.3875 per share, representing a 4.2% annualized yield.

Emerald Investment Advisers LLC purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 86,760 shares of the real estate investment trust's stock, valued at approximately $3,302,000.

A number of other institutional investors have also recently added to or reduced their stakes in STAG. Pacific Heights Asset Management LLC boosted its holdings in Stag Industrial by 25.0% in the fourth quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust's stock valued at $18,380,000 after purchasing an additional 100,000 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new position in Stag Industrial during the second quarter worth $3,693,000. Bessemer Group Inc. raised its holdings in shares of Stag Industrial by 8.0% during the fourth quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust's stock worth $30,684,000 after purchasing an additional 61,675 shares during the period. Geode Capital Management LLC lifted its position 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 worth $140,851,000 after buying an additional 65,502 shares during the last quarter. Finally, Renaissance Technologies LLC bought a new position in shares of Stag Industrial in the 1st quarter worth about $3,444,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stag Industrial in a research report on Friday, July 31st. Barclays raised 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. Raymond James Financial assumed coverage on Stag Industrial in a research note on Wednesday, June 17th. They issued an "outperform" rating and a $44.00 target price for the company. Robert W. Baird set a $138.00 target price on Stag Industrial in a research note on Friday, July 31st. Finally, Evercore reaffirmed an "outperform" rating and set a $44.00 target price on shares of Stag Industrial in a report on Wednesday, April 29th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, Stag Industrial presently has a consensus rating of "Hold" and a consensus target price of $50.50.

Stag Industrial Stock Up 0.9%

STAG stock opened at $36.68 on Friday. The stock has a market cap of $7.07 billion, a PE ratio of 28.22 and a beta of 0.96. The firm's 50-day simple moving average is $38.66 and its 200 day simple moving average is $38.33. Stag Industrial, Inc. has a fifty-two week low of $34.40 and a fifty-two week high of $42.61. The company has a quick ratio of 1.76, a current ratio of 1.76 and a debt-to-equity ratio of 0.93.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (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 firm had revenue of $224.37 million for the quarter, compared to analyst estimates of $223.04 million. During the same period in the previous year, the firm earned $0.63 earnings per share. The company's revenue for the quarter was up 8.1% on a year-over-year basis. As a group, sell-side analysts predict that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

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

Stag Industrial 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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