Stag Industrial, Inc. $STAG Shares Purchased by Royal Bank of Canada

Royal Bank of Canada boosted its stake in Stag Industrial, Inc. (NYSE:STAG) by 42.4% in the first quarter, Holdings Channel reports. The fund owned 378,187 shares of the real estate investment trust’s stock after buying an additional 112,589 shares during the quarter. Royal Bank of Canada’s holdings in Stag Industrial were worth $13,637,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in STAG. Clearstead Advisors LLC boosted 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 valued at $27,000 after purchasing an additional 482 shares during the period. Measured Wealth Private Client Group LLC purchased a new stake in Stag Industrial during the 3rd quarter worth $27,000. International Assets Investment Management LLC acquired a new position in Stag Industrial in the 4th quarter worth $51,000. EverSource Wealth Advisors LLC lifted its holdings in Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC boosted its position in Stag Industrial by 32.9% in the 4th quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 397 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Stag Industrial Stock Up 1.3%

STAG opened at $37.28 on Friday. Stag Industrial, Inc. has a one year low of $34.18 and a one year high of $42.61. 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 stock’s fifty day moving average is $38.80 and its 200-day moving average is $38.36. The company has a market capitalization of $7.19 billion, a PE ratio of 28.68 and a beta of 0.96.

Stag Industrial (NYSE:STAG) 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 firm 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%. The company’s quarterly revenue was up 8.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 EPS. On average, equities analysts predict that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal 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 of this dividend is Wednesday, September 30th. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.2%. Stag Industrial’s dividend payout ratio is currently 119.23%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Stag Industrial from a “hold” rating to a “sell” rating in a research note on Saturday. Wells Fargo & Company reduced their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, June 1st. Evercore restated an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research note on Wednesday, April 29th. Robert W. Baird set a $138.00 target price on shares of Stag Industrial in a report on Friday, July 31st. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Stag Industrial in a research note on Friday, July 31st. Three equities research analysts have rated the stock with a Buy rating, six have issued 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 a consensus target price of $50.50.

Stag Industrial Company 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.