Kestra Private Wealth Services LLC Boosts Position in Stag Industrial, Inc. (NYSE:STAG)

Key Points

• Kestra Private Wealth Services LLC significantly increased its holdings in Stag Industrial by 136.3%, acquiring an additional 9,410 shares in the first quarter, bringing its total ownership to 16,316 shares worth $589,000.
• Several analysts have issued reports on Stag Industrial, with target prices ranging from $36.00 to $39.00 and a current consensus rating of "Hold."
• Stag Industrial recently declared a dividend of $0.1242 per share, indicating a yield of 4.22%, while its payout ratio stands at 112.03%.

Kestra Private Wealth Services LLC lifted its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 136.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 16,316 shares of the real estate investment trust's stock after purchasing an additional 9,410 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Stag Industrial were worth $589,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Teacher Retirement System of Texas raised its holdings in shares of Stag Industrial by 55.3% during the first quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust's stock valued at $1,435,000 after acquiring an additional 14,155 shares in the last quarter. Principal Financial Group Inc. increased its position in Stag Industrial by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock valued at $15,497,000 after buying an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC increased its position in Stag Industrial by 4.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after buying an additional 571 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in Stag Industrial during the 4th quarter valued at approximately $1,276,000. Finally, Wealth Enhancement Advisory Services LLC increased its position in Stag Industrial by 8.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock valued at $587,000 after buying an additional 1,295 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the transaction, the director owned 7,115 shares of the company's stock, valued at $262,543.50. This trade represents a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company's stock.

Stag Industrial Stock Up 0.1%

Shares of STAG traded up $0.04 during midday trading on Friday, hitting $35.60. The company had a trading volume of 1,363,012 shares, compared to its average volume of 1,367,492. The company's 50 day moving average price is $35.99 and its 200 day moving average price is $34.90. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 26.77 and a beta of 0.93. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The company had revenue of $205.57 million during the quarter, compared to analyst estimates of $202.04 million. During the same period in the prior year, the business posted $0.59 EPS. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. On average, equities research analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a dividend of $0.1242 per share. This represents a yield of 4.22%. The ex-dividend date of this dividend is Thursday, July 31st. Stag Industrial's dividend payout ratio is currently 112.03%.

Wall Street Analysts Forecast Growth

Several analysts have commented on STAG shares. Robert W. Baird cut their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Raymond James Financial increased their price target on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $39.71.

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.