Raymond James Financial Inc. Acquires 151,192 Shares of Stag Industrial, Inc. $STAG

Key Points

• Raymond James Financial Inc. increased its stake in Stag Industrial by 8.9%, now holding approximately 1,853,187 shares worth around $66.9 million.
• Multiple institutional investors, including Teacher Retirement System of Texas and Charles Schwab Investment Management Inc., also raised their positions in Stag Industrial during the first quarter.
• Stag Industrial recently announced a dividend yield of 422%, with the most recent payout of $0.1242 occurring on August 15th.

Raymond James Financial Inc. grew its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 8.9% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,853,187 shares of the real estate investment trust's stock after purchasing an additional 151,192 shares during the period. Raymond James Financial Inc. owned approximately 0.99% of Stag Industrial worth $66,937,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Teacher Retirement System of Texas lifted its holdings in shares of Stag Industrial by 55.3% in 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 purchasing an additional 14,155 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Stag Industrial by 2.7% in the first quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock valued at $15,497,000 after purchasing an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Stag Industrial by 4.7% in the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after purchasing an additional 571 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of Stag Industrial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock valued at $587,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of Stag Industrial by 2.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust's stock valued at $116,024,000 after purchasing an additional 87,659 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Price Performance

Shares of STAG stock traded down $0.3810 during trading on Monday, hitting $36.3690. The company had a trading volume of 349,810 shares, compared to its average volume of 1,477,482. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market capitalization of $6.79 billion, a P/E ratio of 28.63 and a beta of 0.91. The stock's 50-day moving average price is $35.70 and its 200 day moving average price is $35.04. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $40.75.

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

Stag Industrial Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, September 15th. Investors of record on Monday, September 1st will be paid a $0.1242 dividend. This represents a dividend yield of 429.0%. The ex-dividend date is Friday, August 29th. Stag Industrial's payout ratio is 117.32%.

Insider Activity

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares in the company, valued at $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on STAG. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial lifted their target price on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Evercore ISI lifted their target price on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Finally, Robert W. Baird lowered their target price 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. Two research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, Stag Industrial presently has an average rating of "Hold" and a consensus target price of $38.17.

Stag Industrial Profile

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.