Tocqueville Asset Management L.P. Takes Position in Stag Industrial, Inc. $STAG

Key Points

• Tocqueville Asset Management acquired 99,060 shares of Stag Industrial during the second quarter, worth approximately $3.77 million, bringing its ownership to about 0.05%. Institutional investors collectively hold 88.67% of the REIT.
• Stag Industrial reported quarterly revenue of $224.37 million, up 8.1% year over year and slightly above estimates, but EPS of $0.28 missed analyst expectations of $0.65.
• The company declared a quarterly dividend of $0.3875 per share, equivalent to an annualized $1.55 payout and a 4.3% yield. Analysts’ overall rating is “Hold,” with a consensus price target of $50.50.

Tocqueville Asset Management L.P. purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 99,060 shares of the real estate investment trust's stock, valued at approximately $3,770,000. Tocqueville Asset Management L.P. owned about 0.05% of Stag Industrial at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Clearstead Advisors LLC increased its position in Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 482 shares during the period. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial during the third quarter worth $27,000. International Assets Investment Management LLC bought a new stake in shares of Stag Industrial in the fourth quarter worth $51,000. EverSource Wealth Advisors LLC grew its stake in shares of Stag Industrial by 270.1% in the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust's stock worth $52,000 after purchasing an additional 1,048 shares during the last quarter. Finally, Root Financial Partners LLC grew its stake in shares of Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust's stock worth $59,000 after purchasing an additional 397 shares during the last quarter. Institutional investors own 88.67% of the company's stock.

Stag Industrial Trading Up 0.1%

NYSE STAG opened at $36.45 on Friday. The business has a 50 day simple moving average of $38.71 and a 200 day simple moving average of $38.34. Stag Industrial, Inc. has a one year low of $34.40 and a one year high of $42.61. The stock has a market capitalization of $7.03 billion, a P/E ratio of 28.04 and a beta of 0.96. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76.

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

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be issued a dividend of $0.3875 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.3%. Stag Industrial's dividend payout ratio is currently 119.23%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STAG. Weiss Ratings reaffirmed a "buy (b-)" rating on shares of Stag Industrial in a research report on Friday, July 31st. Wells Fargo & Company reduced their price target on Stag Industrial from $41.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, June 1st. Raymond James Financial began coverage on Stag Industrial in a research note on Wednesday, June 17th. They issued an "outperform" rating and a $44.00 price target for the company. Robert W. Baird set a $138.00 price objective on Stag Industrial in a research report on Friday, July 31st. Finally, Barclays upped their target price on Stag Industrial from $38.00 to $41.00 and gave the company an "underweight" rating in a report on Thursday, July 16th. Three equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus price target of $50.50.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company's portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.

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