Stag Industrial, Inc. $STAG Shares Acquired by VIRGINIA RETIREMENT SYSTEMS ET Al

Key Points

• Virginia Retirement Systems increased its Stag Industrial stake by 48.6% in the third quarter, acquiring 38,400 shares for a total of 117,492 shares. Institutional investors collectively own 88.67% of the REIT.
• Stag Industrial reported quarterly revenue of $231.05 million, up 9.4% year over year and above estimates, but earnings per share of $0.37 missed the $0.66 consensus forecast.
• The company declared a quarterly dividend of $0.3875 per share, equivalent to an annualized $1.55 payout and a 4.2% yield. Analysts maintain a consensus “Hold” rating with a $41.20 target price.

VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 48.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 117,492 shares of the real estate investment trust's stock after purchasing an additional 38,400 shares during the quarter. VIRGINIA RETIREMENT SYSTEMS ET Al owned about 0.06% of Stag Industrial worth $4,207,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently bought and sold shares of the company. Ancora Advisors LLC bought a new position in shares of Stag Industrial in the second quarter worth $28,000. Community Bank N.A. boosted its stake in Stag Industrial by 55.9% during the second quarter. Community Bank N.A. now owns 951 shares of the real estate investment trust's stock valued at $36,000 after buying an additional 341 shares during the period. Northwestern Mutual Wealth Management Co. purchased a new position in Stag Industrial during the second quarter worth about $46,000. Root Financial Partners LLC purchased a new position in Stag Industrial during the third quarter worth about $53,000. Finally, EverSource Wealth Advisors LLC increased its stake in Stag Industrial by 22.0% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust's stock worth $57,000 after acquiring an additional 285 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

Stag Industrial Stock Performance

NYSE STAG opened at $36.87 on Monday. The company has a 50-day simple moving average of $36.73 and a two-hundred day simple moving average of $37.88. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 0.91. Stag Industrial, Inc. has a 12-month low of $35.14 and a 12-month high of $42.61. The firm has a market cap of $7.11 billion, a price-to-earnings ratio of 26.15 and a beta of 0.91.

Stag Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Tuesday, October 27th. The real estate investment trust reported $0.37 EPS for the quarter, missing the consensus estimate of $0.66 by ($0.29). The company had revenue of $231.05 million during the quarter, compared to analysts' expectations of $227.16 million. Stag Industrial had a return on equity of 7.28% and a net margin of 29.88%. The firm's quarterly revenue was up 9.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.65 EPS. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.64 EPS for the current year.

Stag Industrial Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Investors of record on Thursday, December 31st will be issued a dividend of $0.3875 per share. The ex-dividend date is Thursday, December 31st. This represents a $1.55 annualized dividend and a yield of 4.2%. Stag Industrial's dividend payout ratio is currently 109.93%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the company. Citigroup dropped their price target on Stag Industrial from $40.00 to $39.00 and set a "neutral" rating for the company in a research report on Thursday. Evercore restated an "outperform" rating on shares of Stag Industrial in a research report on Monday, September 14th. Wells Fargo & Company lowered their price target on Stag Industrial from $40.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Tuesday, September 1st. Wall Street Zen raised Stag Industrial from a "sell" rating to a "hold" rating in a research note on Saturday, September 5th. Finally, Weiss Ratings cut Stag Industrial from a "buy (b-)" rating to a "hold (c+)" rating in a report on Friday, September 25th. Four investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.20.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties throughout the United States. The company focuses primarily on single-tenant properties, which it leases to businesses for uses such as warehousing, distribution, manufacturing and logistics.

Its portfolio includes a range of industrial facilities serving tenants across diverse industries and geographic markets. STAG Industrial's business activities include property acquisition, leasing, management and development, with an emphasis on facilities that support supply-chain and operating requirements.

Founded in 2010 and headquartered in Boston, Massachusetts, STAG Industrial became a publicly traded company in 2011.

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