PharVision Advisers LLC Acquires New Stake in STAG Industrial, Inc. (NYSE:STAG)

PharVision Advisers LLC bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 7,810 shares of the real estate investment trust's stock, valued at approximately $264,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund grew its holdings in shares of STAG Industrial by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock worth $1,256,000 after purchasing an additional 300 shares in the last quarter. Values First Advisors Inc. raised its position in shares of STAG Industrial by 2.2% during the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock valued at $492,000 after buying an additional 307 shares in the last quarter. Synovus Financial Corp increased its stake in STAG Industrial by 1.8% in the fourth quarter. Synovus Financial Corp now owns 21,695 shares of the real estate investment trust's stock valued at $734,000 after acquiring an additional 377 shares during the last quarter. Sequoia Financial Advisors LLC raised its position in STAG Industrial by 6.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,773 shares of the real estate investment trust's stock valued at $229,000 after purchasing an additional 387 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its stake in STAG Industrial by 2.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust's stock worth $535,000 after purchasing an additional 394 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Price Performance

Shares of STAG Industrial stock opened at $34.43 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The stock has a market capitalization of $6.42 billion, a P/E ratio of 33.10 and a beta of 0.93. The business's 50 day simple moving average is $33.79 and its two-hundred day simple moving average is $34.76.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results 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 company had revenue of $205.57 million during the quarter, compared to analyst estimates 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% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. Analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be given a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.33%. STAG Industrial's dividend payout ratio is currently 112.03%.

Wall Street Analysts Forecast Growth

STAG has been the topic of several recent research reports. Robert W. Baird reduced their price objective on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Barclays reduced their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Raymond James lifted 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. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $38.00 price objective on shares of STAG Industrial in a research note on Monday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $39.63.

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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