Schnieders Capital Management LLC purchased a new stake in shares of Stag Industrial, Inc. (NYSE:STAG) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 14,115 shares of the real estate investment trust’s stock, valued at approximately $390,000.
A number of other hedge funds and other institutional investors also recently made changes to their positions in STAG. DUPONT CAPITAL MANAGEMENT Corp acquired a new stake in shares of Stag Industrial during the first quarter valued at approximately $478,000. State of New Jersey Common Pension Fund D raised its stake in shares of Stag Industrial by 22.8% in the first quarter. State of New Jersey Common Pension Fund D now owns 325,500 shares of the real estate investment trust’s stock worth $8,144,000 after buying an additional 60,500 shares in the last quarter. Mesirow Financial Investment Management Equity Management raised its stake in shares of Stag Industrial by 26.9% in the first quarter. Mesirow Financial Investment Management Equity Management now owns 888,130 shares of the real estate investment trust’s stock worth $22,218,000 after buying an additional 188,400 shares in the last quarter. Sigma Planning Corp raised its stake in shares of Stag Industrial by 63.3% in the first quarter. Sigma Planning Corp now owns 26,478 shares of the real estate investment trust’s stock worth $662,000 after buying an additional 10,265 shares in the last quarter. Finally, Nationwide Fund Advisors raised its stake in shares of Stag Industrial by 523.9% in the first quarter. Nationwide Fund Advisors now owns 273,170 shares of the real estate investment trust’s stock worth $6,835,000 after buying an additional 229,386 shares in the last quarter. Institutional investors own 75.58% of the company’s stock.
Shares of Stag Industrial, Inc. (NYSE:STAG) opened at 27.34 on Friday. The company has a 50 day moving average price of $27.36 and a 200 day moving average price of $26.24. The stock has a market cap of $2.52 billion, a P/E ratio of 102.01 and a beta of 1.22. Stag Industrial, Inc. has a 12-month low of $21.21 and a 12-month high of $28.75.
Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share for the quarter, hitting the 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 for the quarter, compared to analysts’ expectations of $71.44 million. During the same period in the previous year, the company posted $0.38 EPS. The company’s quarterly revenue was up 19.9% compared to the same quarter last year. Analysts anticipate that Stag Industrial, Inc. will post ($0.04) earnings per share for the current fiscal year.
The company also recently disclosed a monthly dividend, which will be paid on Friday, December 15th. Shareholders of record on Thursday, November 30th will be given a dividend of $0.1175 per share. This represents a $1.41 annualized dividend and a yield of 5.16%. The ex-dividend date of this dividend is Wednesday, November 29th. Stag Industrial’s payout ratio is 503.57%.
A number of analysts have recently issued reports on the company. Evercore ISI raised Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price target on the stock in a research note on Monday, August 14th. Raymond James Financial, Inc. lifted their price target on Stag Industrial from $27.50 to $28.50 and gave the stock an “outperform” rating in a research note on Wednesday, August 9th. Ladenburg Thalmann Financial Services reaffirmed a “buy” rating on shares of Stag Industrial in a research note on Wednesday, August 2nd. Jefferies Group LLC reaffirmed a “buy” rating and issued a $32.00 price target (up from $30.00) on shares of Stag Industrial in a research note on Sunday, June 25th. Finally, BidaskClub downgraded Stag Industrial from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Stag Industrial has an average rating of “Buy” and a consensus target price 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.
Receive News & Ratings for Stag Industrial Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Stag Industrial Inc. and related companies with MarketBeat.com's FREE daily email newsletter.