Foundations Investment Advisors LLC Purchases 8,377 Shares of Stag Industrial, Inc. (NYSE:STAG)

Key Points

• Foundations Investment Advisors LLC significantly increased its stake in Stag Industrial by 73.5%, now owning 19,782 shares valued at $715,000.
• Several institutional investors, including the Teacher Retirement System of Texas and Principal Financial Group, also raised their holdings, leading to 88.67% of the stock being owned by institutional investors.
• Stag Industrial reported earnings per share of $0.63, meeting analysts' expectations, while also announcing a dividend of $0.1242 per share, to be paid on August 15th.

Foundations Investment Advisors LLC raised its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 73.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,782 shares of the real estate investment trust's stock after acquiring an additional 8,377 shares during the quarter. Foundations Investment Advisors LLC's holdings in Stag Industrial were worth $715,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of STAG. American Century Companies Inc. grew its stake in shares of Stag Industrial by 3.4% during the 4th quarter. American Century Companies Inc. now owns 63,082 shares of the real estate investment trust's stock valued at $2,133,000 after acquiring an additional 2,045 shares during the period. LPL Financial LLC lifted its holdings in Stag Industrial by 10.3% during the fourth quarter. LPL Financial LLC now owns 136,261 shares of the real estate investment trust's stock valued at $4,608,000 after purchasing an additional 12,735 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Stag Industrial by 33.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,004,562 shares of the real estate investment trust's stock worth $33,974,000 after purchasing an additional 251,992 shares during the period. Norges Bank bought a new position in shares of Stag Industrial in the fourth quarter worth approximately $75,471,000. Finally, Pictet Asset Management Holding SA increased its stake in shares of Stag Industrial by 1.2% in the fourth quarter. Pictet Asset Management Holding SA now owns 58,691 shares of the real estate investment trust's stock worth $1,985,000 after purchasing an additional 710 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on STAG. Royal Bank Of Canada restated a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Robert W. Baird decreased their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Raymond James Financial boosted their price objective on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Finally, Evercore ISI upped their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $39.14.

Stag Industrial Price Performance

NYSE STAG traded up $0.07 on Friday, reaching $34.40. The company had a trading volume of 2,325,118 shares, compared to its average volume of 1,423,874. The stock has a market capitalization of $6.42 billion, a PE ratio of 27.09 and a beta of 0.91. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $40.95. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm's 50 day moving average price is $35.99 and its 200 day moving average price is $34.94.

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

Stag Industrial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.1242 per share. This represents a dividend yield of 422.0%. The ex-dividend date of this dividend is Thursday, July 31st. Stag Industrial's dividend payout ratio is 112.03%.

Insider Activity

In other news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction that occurred 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 transaction, the director directly owned 7,115 shares in the company, valued at approximately $262,543.50. This 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 the SEC website. 1.10% of the stock is 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.