Earnest Partners LLC acquired a new position in Stag Industrial Inc (NYSE:STAG) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 3,362,883 shares of the real estate investment trust’s stock, valued at approximately $101,694,000. Earnest Partners LLC owned approximately 2.64% of Stag Industrial as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also bought and sold shares of STAG. Marshall Wace North America L.P. acquired a new position in shares of Stag Industrial during the first quarter worth about $36,000. Lindbrook Capital LLC increased its stake in shares of Stag Industrial by 90.8% during the second quarter. Lindbrook Capital LLC now owns 1,891 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 900 shares during the period. First Interstate Bank bought a new position in Stag Industrial during the 2nd quarter worth $80,000. Coastal Investment Advisors Inc. increased its stake in Stag Industrial by 106.3% during the 2nd quarter. Coastal Investment Advisors Inc. now owns 4,647 shares of the real estate investment trust’s stock worth $140,000 after acquiring an additional 2,395 shares during the period. Finally, Steward Partners Investment Advisory LLC bought a new position in Stag Industrial during the 2nd quarter worth $153,000. 88.99% of the stock is currently owned by institutional investors.
Several equities research analysts recently weighed in on STAG shares. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a report on Friday, July 19th. Zacks Investment Research downgraded Stag Industrial from a “hold” rating to a “sell” rating in a research note on Wednesday, July 17th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $30.63.
NYSE STAG opened at $29.85 on Friday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.72. Stag Industrial Inc has a 52 week low of $23.24 and a 52 week high of $31.66. The firm has a market cap of $3.75 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 4.10 and a beta of 0.92. The company has a 50 day moving average price of $29.26 and a 200 day moving average price of $29.46.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Tuesday, July 30th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.45 by ($0.35). The business had revenue of $96.65 million during the quarter, compared to analyst estimates of $97.90 million. Stag Industrial had a return on equity of 4.57% and a net margin of 20.06%. The firm’s revenue was up 13.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.45 EPS. On average, equities research analysts anticipate that Stag Industrial Inc will post 1.82 earnings per share for the current fiscal year.
The business also recently declared a dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a dividend of $0.119 per share. The ex-dividend date is Friday, September 27th. Stag Industrial’s dividend payout ratio is presently 79.89%.
Stag Industrial 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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