Mesirow Financial Investment Management Equity Management reduced its position in STAG Industrial Inc (NYSE:STAG) by 32.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 444,384 shares of the real estate investment trust’s stock after selling 208,940 shares during the period. Mesirow Financial Investment Management Equity Management’s holdings in STAG Industrial were worth $10,630,000 at the end of the most recent quarter.
Other large investors have also recently added to or reduced their stakes in the company. Aperio Group LLC bought a new stake in shares of STAG Industrial in the 4th quarter valued at about $216,000. Signition LP bought a new stake in shares of STAG Industrial in the 4th quarter valued at about $222,000. Zeke Capital Advisors LLC bought a new stake in shares of STAG Industrial in the 1st quarter valued at about $205,000. M&T Bank Corp bought a new stake in shares of STAG Industrial in the 1st quarter valued at about $208,000. Finally, Kovack Advisors Inc. purchased a new position in shares of STAG Industrial in the 4th quarter valued at approximately $239,000. Institutional investors and hedge funds own 87.80% of the company’s stock.
Several brokerages recently commented on STAG. Zacks Investment Research raised shares of STAG Industrial from a “sell” rating to a “hold” rating in a research report on Wednesday, May 9th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $27.00 price objective on shares of STAG Industrial in a research report on Thursday, March 29th. JPMorgan Chase decreased their price objective on shares of STAG Industrial from $30.00 to $27.00 and set an “overweight” rating for the company in a research report on Monday, March 19th. ValuEngine raised shares of STAG Industrial from a “hold” rating to a “buy” rating in a research report on Wednesday, March 7th. Finally, DA Davidson reaffirmed a “neutral” rating on shares of STAG Industrial in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. STAG Industrial has a consensus rating of “Buy” and a consensus target price of $29.19.
STAG Industrial opened at $25.33 on Friday, Marketbeat reports. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.63. The company has a market cap of $2.49 billion, a PE ratio of 14.99, a PEG ratio of 3.10 and a beta of 1.08. STAG Industrial Inc has a 1-year low of $25.40 and a 1-year high of $25.76.
STAG Industrial (NYSE:STAG) last posted its earnings results on Tuesday, May 1st. The real estate investment trust reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.21). The firm had revenue of $83.28 million for the quarter, compared to analysts’ expectations of $82.27 million. STAG Industrial had a net margin of 17.55% and a return on equity of 4.71%. STAG Industrial’s revenue for the quarter was up 19.9% compared to the same quarter last year. During the same period last year, the firm earned $0.41 earnings per share. analysts expect that STAG Industrial Inc will post 1.78 earnings per share for the current fiscal year.
The business also recently declared a monthly dividend, which will be paid on Monday, July 16th. Investors of record on Friday, June 29th will be paid a $0.1183 dividend. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.42 dividend on an annualized basis and a yield of 5.61%. STAG Industrial’s dividend payout ratio is currently 84.02%.
STAG Industrial Profile
STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. As of December 31, 2017, the Company owned 356 buildings in 37 states with approximately 70.2 million rentable square feet (square feet unaudited herein and throughout the Notes), consisting of 288 warehouse/distribution buildings, 52 light manufacturing buildings, 14 flex/office buildings, and two buildings classified as held for sale.
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