RFG Advisory LLC Increases Stock Position in Stag Industrial, Inc. $STAG

Key Points

• RFG Advisory LLC increased its stake in Stag Industrial, Inc. by 36.2% during the second quarter, now owning 42,351 shares valued at approximately $1.54 million.
• The company is reported to have a dividend yield of 4.0%, with a monthly dividend of $0.1242 expected to be paid on January 15th.
• Stag Industrial's stock has reached a one-year low of $28.61 and a one-year high of $39.21, currently trading at around $37.54.

RFG Advisory LLC increased its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 36.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 42,351 shares of the real estate investment trust's stock after acquiring an additional 11,267 shares during the period. RFG Advisory LLC's holdings in Stag Industrial were worth $1,537,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Teacher Retirement System of Texas raised its holdings in Stag Industrial by 55.3% in the 1st quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust's stock worth $1,435,000 after acquiring an additional 14,155 shares during the last quarter. Principal Financial Group Inc. grew its position in Stag Industrial by 2.7% in the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock worth $15,497,000 after purchasing an additional 11,408 shares during the period. Janney Montgomery Scott LLC grew its position in Stag Industrial by 4.7% in the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock worth $459,000 after purchasing an additional 571 shares during the period. Wealth Enhancement Advisory Services LLC grew its position in Stag Industrial by 8.7% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock worth $587,000 after purchasing an additional 1,295 shares during the period. Finally, Park Avenue Securities LLC bought a new stake in Stag Industrial in the 2nd quarter worth approximately $268,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on STAG shares. Weiss Ratings reaffirmed a "hold (c+)" rating on shares of Stag Industrial in a research report on Wednesday, October 8th. Evercore ISI lifted their target price on shares of Stag Industrial from $40.00 to $41.00 and gave the stock an "outperform" rating in a research report on Monday, September 15th. Industrial Alliance Securities set a $37.00 target price on shares of Stag Industrial in a research report on Wednesday, October 1st. Finally, Cantor Fitzgerald started coverage on shares of Stag Industrial in a research report on Wednesday, October 1st. They issued a "neutral" rating and a $37.00 target price for the company. Two equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average price target of $38.00.

Stag Industrial Price Performance

Shares of Stag Industrial stock opened at $37.54 on Thursday. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.21. The stock's fifty day moving average is $35.82 and its 200 day moving average is $35.18. The stock has a market cap of $7.01 billion, a P/E ratio of 29.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its 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 last year, the firm earned $0.61 EPS. Stag Industrial's revenue for the quarter was up 9.4% compared to the same quarter last year. Sell-side analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.1242 dividend. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Wednesday, December 31st. Stag Industrial's dividend payout ratio (DPR) is currently 117.32%.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 25,000 shares of the firm's stock in a transaction on Friday, September 5th. The stock was sold at an average price of $36.91, for a total value of $922,750.00. Following the transaction, the director directly owned 7,562 shares of the company's stock, valued at approximately $279,113.42. This trade represents a 76.78% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Larry T. Guillemette sold 2,004 shares of the firm's stock in a transaction on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the completion of the transaction, the director directly owned 38,666 shares in the company, valued at approximately $1,361,043.20. This represents a 4.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Company 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.

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