Pasadena Private Wealth LLC Acquires 987 Shares of Stag Industrial, Inc. (NYSE:STAG)

Pasadena Private Wealth LLC grew its holdings in Stag Industrial, Inc. (NYSE:STAG) by 4.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 22,109 shares of the real estate investment trust’s stock after acquiring an additional 987 shares during the quarter. Pasadena Private Wealth LLC’s holdings in Stag Industrial were worth $799,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC raised its position in shares of Stag Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock worth $305,224,000 after acquiring an additional 2,088,839 shares during the last quarter. Earnest Partners LLC raised its stake in shares of Stag Industrial by 6.6% during the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock worth $128,361,000 after buying an additional 235,622 shares during the last quarter. Nuveen Asset Management LLC lifted its holdings in Stag Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock valued at $124,445,000 after buying an additional 204,948 shares during the period. Geode Capital Management LLC boosted its stake in Stag Industrial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock valued at $115,748,000 after acquiring an additional 18,009 shares during the last quarter. Finally, Boston Trust Walden Corp grew its holdings in Stag Industrial by 17.5% during the 1st quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust’s stock worth $106,283,000 after acquiring an additional 437,527 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Stock Performance

Shares of NYSE STAG opened at $34.92 on Thursday. The stock has a market capitalization of $6.52 billion, a PE ratio of 27.50 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The stock has a 50 day moving average price of $35.98 and a 200 day moving average price of $34.93.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.73%. Stag Industrial’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. Analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.1242 per share. This represents a dividend yield of 4.22%. The ex-dividend date is Thursday, July 31st. Stag Industrial’s dividend payout ratio is presently 112.03%.

Analysts Set New Price Targets

STAG has been the subject of a number of analyst reports. Evercore ISI lifted their price objective on Stag Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday. Raymond James Financial lifted their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 7th. Robert W. Baird lowered their target price on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $38.00 price target on shares of Stag Industrial in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $39.14.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the sale, the director owned 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

Stag Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.