Wells Fargo & Company MN Increases Position in Stag Industrial Inc (NYSE:STAG)

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Wells Fargo & Company MN boosted its holdings in shares of Stag Industrial Inc (NYSE:STAG) by 28.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 877,381 shares of the real estate investment trust’s stock after acquiring an additional 195,548 shares during the period. Wells Fargo & Company MN owned 0.69% of Stag Industrial worth $26,532,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Marshall Wace North America L.P. purchased a new stake in Stag Industrial during the 1st quarter valued at about $36,000. Lindbrook Capital LLC grew its stake in shares of Stag Industrial by 90.8% in the 2nd quarter. Lindbrook Capital LLC now owns 1,891 shares of the real estate investment trust’s stock valued at $57,000 after buying an additional 900 shares during the period. First Interstate Bank purchased a new stake in shares of Stag Industrial in the 2nd quarter valued at approximately $80,000. Coastal Investment Advisors Inc. grew its stake in shares of Stag Industrial by 106.3% in the 2nd quarter. Coastal Investment Advisors Inc. now owns 4,647 shares of the real estate investment trust’s stock valued at $140,000 after buying an additional 2,395 shares during the period. Finally, Steward Partners Investment Advisory LLC purchased a new stake in shares of Stag Industrial in the 2nd quarter valued at approximately $153,000. 85.91% of the stock is owned by institutional investors.

Shares of STAG stock traded up $0.09 during trading hours on Thursday, hitting $29.41. The company had a trading volume of 5,344 shares, compared to its average volume of 789,720. The company’s fifty day moving average is $29.42 and its 200 day moving average is $29.44. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.02 and a quick ratio of 1.02. Stag Industrial Inc has a fifty-two week low of $23.24 and a fifty-two week high of $31.66. The stock has a market capitalization of $3.71 billion, a PE ratio of 16.41, a price-to-earnings-growth ratio of 4.12 and a beta of 0.92.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.10 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.35). Stag Industrial had a return on equity of 4.57% and a net margin of 20.06%. The company had revenue of $96.65 million during the quarter, compared to analyst estimates of $97.90 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The business’s revenue was up 13.1% compared to the same quarter last year. Equities analysts forecast that Stag Industrial Inc will post 1.82 earnings per share for the current year.

The business also recently disclosed a dividend, which will be paid on Monday, September 16th. Stockholders of record on Friday, August 30th will be issued a $0.119 dividend. This is a positive change from Stag Industrial’s previous dividend of $0.12. The ex-dividend date is Thursday, August 29th. Stag Industrial’s dividend payout ratio is currently 79.89%.

STAG has been the subject of several analyst reports. Zacks Investment Research cut shares of Stag Industrial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. ValuEngine cut shares of Stag Industrial from a “buy” rating to a “hold” rating in a research note on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. Stag Industrial has an average rating of “Hold” and a consensus price target of $30.63.

Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (?REIT?) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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