Quantbot Technologies LP bought a new stake in Stag Industrial Inc (NYSE:STAG) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 30,948 shares of the real estate investment trust’s stock, valued at approximately $851,000.
Other institutional investors have also made changes to their positions in the company. Canton Hathaway LLC bought a new stake in shares of Stag Industrial in the third quarter valued at about $140,000. First Hawaiian Bank bought a new stake in shares of Stag Industrial in the third quarter valued at about $148,000. Clear Harbor Asset Management LLC bought a new stake in shares of Stag Industrial in the second quarter valued at about $201,000. Private Advisor Group LLC bought a new stake in shares of Stag Industrial in the second quarter valued at about $212,000. Finally, Virtu Financial LLC bought a new stake in shares of Stag Industrial in the third quarter valued at about $215,000. 83.61% of the stock is owned by institutional investors.
A number of equities research analysts have recently issued reports on STAG shares. Zacks Investment Research cut shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Wednesday, October 10th. Raymond James dropped their price target on Stag Industrial from $29.50 to $28.50 and set an “outperform” rating for the company in a research note on Monday, November 5th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $28.25.
Stag Industrial stock opened at $26.27 on Wednesday. Stag Industrial Inc has a 1 year low of $22.42 and a 1 year high of $29.07. The company has a debt-to-equity ratio of 0.89, a current ratio of 0.85 and a quick ratio of 0.85. The company has a market capitalization of $2.92 billion, a PE ratio of 15.54, a PEG ratio of 3.03 and a beta of 1.02.
Stag Industrial (NYSE:STAG) last released its quarterly earnings data on Thursday, November 1st. The real estate investment trust reported $0.07 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.45 by ($0.38). Stag Industrial had a net margin of 14.96% and a return on equity of 3.74%. The firm had revenue of $89.00 million during the quarter, compared to analyst estimates of $87.49 million. During the same period in the prior year, the company earned $0.43 EPS. The business’s quarterly revenue was up 14.0% compared to the same quarter last year. On average, sell-side analysts predict that Stag Industrial Inc will post 1.77 EPS for the current fiscal year.
The business also recently announced a dividend, which will be paid on Monday, December 17th. Investors of record on Friday, November 30th will be issued a $0.118 dividend. The ex-dividend date of this dividend is Thursday, November 29th. This is a boost from Stag Industrial’s previous dividend of $0.12. Stag Industrial’s dividend payout ratio is presently 84.02%.
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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. 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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