Anchor Capital Advisors LLC maintained its stake in Stag Industrial, Inc. (NYSE:STAG) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,610 shares of the real estate investment trust’s stock at the end of the second quarter. Anchor Capital Advisors LLC’s holdings in Stag Industrial were worth $376,000 at the end of the most recent reporting period.
Several other large investors have also recently bought and sold shares of STAG. Creative Planning boosted its stake in shares of Stag Industrial by 140.4% in the second quarter. Creative Planning now owns 4,341 shares of the real estate investment trust’s stock valued at $120,000 after buying an additional 2,535 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Stag Industrial by 45.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,400 shares of the real estate investment trust’s stock valued at $160,000 after buying an additional 2,000 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Stag Industrial by 3.4% in the first quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 215 shares during the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Stag Industrial during the first quarter valued at $174,000. Finally, Jane Street Group LLC bought a new stake in shares of Stag Industrial during the first quarter valued at $205,000. Institutional investors own 75.58% of the company’s stock.
Stag Industrial, Inc. (NYSE:STAG) traded down 0.04% on Friday, hitting $27.34. The stock had a trading volume of 494,473 shares. The firm’s 50 day moving average price is $27.36 and its 200-day moving average price is $26.24. Stag Industrial, Inc. has a 12 month low of $21.21 and a 12 month high of $28.75. The stock has a market cap of $2.52 billion, a PE ratio of 102.01 and a beta of 1.22.
Stag Industrial (NYSE:STAG) last posted its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.41. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. The firm had revenue of $72.20 million during the quarter, compared to the consensus estimate of $71.44 million. During the same quarter last year, the firm earned $0.38 EPS. The firm’s revenue for the quarter was up 19.9% on a year-over-year basis. On average, analysts forecast that Stag Industrial, Inc. will post ($0.04) EPS for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be issued a $0.1175 dividend. The ex-dividend date is Wednesday, November 29th. This represents a $1.41 annualized dividend and a yield of 5.16%. Stag Industrial’s dividend payout ratio (DPR) is presently 503.57%.
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Several equities research analysts have weighed in on the company. Raymond James Financial, Inc. boosted their price objective on Stag Industrial from $27.50 to $28.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Evercore ISI raised Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price objective on the stock in a research note on Monday. Ladenburg Thalmann Financial Services reissued a “buy” rating on shares of Stag Industrial in a research note on Wednesday, August 2nd. Cantor Fitzgerald reissued a “hold” rating and set a $25.00 price objective on shares of Stag Industrial in a research note on Tuesday, May 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $32.00 target price (up previously from $30.00) on shares of Stag Industrial in a research note on Sunday, June 25th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $27.31.
Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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