GSA Capital Partners LLP Buys Shares of 39,253 Stag Industrial, Inc. $STAG

GSA Capital Partners LLP bought a new position in shares of Stag Industrial, Inc. (NYSE:STAG) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 39,253 shares of the real estate investment trust’s stock, valued at approximately $1,494,000.

Several other institutional investors also recently modified their holdings of STAG. Clearstead Advisors LLC increased its stake in shares of 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 last quarter. Measured Wealth Private Client Group LLC bought a new position in Stag Industrial during the 3rd quarter worth approximately $27,000. International Assets Investment Management LLC bought a new position in Stag Industrial during the 4th quarter worth approximately $51,000. EverSource Wealth Advisors LLC grew its holdings in Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,048 shares during the period. Finally, Root Financial Partners LLC grew its holdings in Stag Industrial by 32.9% during the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 397 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Price Performance

Shares of STAG opened at $36.76 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 stock has a 50 day simple moving average of $38.80 and a 200 day simple moving average of $38.36. Stag Industrial, Inc. has a 52-week low of $34.33 and a 52-week high of $42.61. The firm has a market capitalization of $7.09 billion, a PE ratio of 28.28 and a beta of 0.96.

Stag Industrial (NYSE:STAG) last posted 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 business had revenue of $224.37 million for the quarter, compared to the consensus estimate of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.Stag Industrial’s revenue for the quarter was up 8.1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.63 earnings per share. Sell-side analysts predict that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

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 given a dividend of $0.3875 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.2%. Stag Industrial’s dividend payout ratio is currently 119.23%.

Wall Street Analyst Weigh In

Several research firms have weighed in on STAG. Raymond James Financial began coverage on shares of Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price on the stock. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Sunday. Barclays boosted their price target on shares of Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a report on Thursday, July 16th. Wells Fargo & Company lowered their price objective on shares of Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, June 1st. Finally, Robert W. Baird set a $138.00 price objective on Stag Industrial in a research note on Friday, July 31st. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $50.50.

About Stag Industrial

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.