Stag Industrial, Inc. $STAG Stock Position Lifted by Squarepoint Ops LLC

Key Points

• Squarepoint Ops LLC more than doubled its STAG Industrial stake in the second quarter, increasing holdings by 107.7% to 84,332 shares valued at approximately $3.21 million. Institutional investors collectively own 88.67% of the REIT.
• Analyst sentiment remains mixed, with a consensus “Hold” rating and an average price target of $40.70. Recent actions included upgrades from Robert W. Baird and Wall Street Zen, alongside a price-target reduction from Wells Fargo.
• STAG Industrial declared a quarterly dividend of $0.3875, equivalent to $1.55 annually and a 4.2% yield. The company’s latest quarterly revenue rose 8.1% year over year to $224.37 million, though earnings per share missed estimates.

Squarepoint Ops LLC raised its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 107.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 84,332 shares of the real estate investment trust's stock after buying an additional 43,733 shares during the quarter. Squarepoint Ops LLC's holdings in Stag Industrial were worth $3,210,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. Clearstead Advisors LLC increased its stake in shares of Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 482 shares during the last quarter. Ancora Advisors LLC acquired a new position in Stag Industrial in the 2nd quarter worth about $28,000. Measured Wealth Private Client Group LLC acquired a new position in Stag Industrial in the 3rd quarter worth about $27,000. Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Stag Industrial during the 2nd quarter worth about $46,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Stag Industrial in the 4th quarter valued at approximately $51,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analyst Ratings Changes

STAG has been the topic of a number of research reports. Wall Street Zen upgraded Stag Industrial from a "sell" rating to a "hold" rating in a report on Saturday, September 5th. Robert W. Baird raised shares of Stag Industrial from a "neutral" rating to an "outperform" rating and set a $42.00 target price for the company in a research report on Monday, August 31st. Barclays increased their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the stock an "underweight" rating in a research note on Thursday, July 16th. Wells Fargo & Company cut their price target on shares of Stag Industrial from $40.00 to $38.00 and set an "equal weight" rating on the stock in a report on Tuesday, September 1st. Finally, Raymond James Financial started coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They issued an "outperform" rating and a $44.00 price objective for the company. Four research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $40.70.

Stag Industrial Trading Up 0.0%

Stag Industrial stock opened at $37.14 on Monday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The business's 50-day simple moving average is $38.29 and its 200-day simple moving average is $38.18. The firm has a market capitalization of $7.16 billion, a PE ratio of 28.57 and a beta of 0.95. Stag Industrial, Inc. has a 52 week low of $34.40 and a 52 week high of $42.61.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.37). The business had revenue of $224.37 million for the quarter, compared to the consensus estimate of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. Stag Industrial's revenue for the quarter was up 8.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.63 EPS. Equities research analysts forecast that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. The ex-dividend date of this dividend is Wednesday, September 30th. Stag Industrial's dividend payout ratio is currently 119.23%.

Stag Industrial Profile

STAG Industrial, Inc is a real estate investment trust (REIT) that owns, operates and acquires industrial properties across the United States. The company primarily focuses on single-tenant facilities, including warehouses, distribution centers, manufacturing buildings and flex industrial properties.

STAG seeks to build a diversified portfolio by investing in properties used by businesses across a range of industries and serving multiple markets. Its properties support activities such as logistics, e-commerce fulfillment, manufacturing and product distribution.

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

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