Alpine Woods Capital Investors LLC Has $898,000 Position in Stag Industrial, Inc. (STAG)

Alpine Woods Capital Investors LLC held its stake in Stag Industrial, Inc. (NYSE:STAG) during the second quarter, Holdings Channel reports. The fund owned 32,537 shares of the real estate investment trust’s stock at the end of the second quarter. Alpine Woods Capital Investors LLC’s holdings in Stag Industrial were worth $898,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in STAG. Anchor Capital Advisors LLC boosted its stake in Stag Industrial by 0.6% in the first quarter. Anchor Capital Advisors LLC now owns 13,610 shares of the real estate investment trust’s stock valued at $341,000 after buying an additional 80 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in shares of Stag Industrial by 0.8% in the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 13,045 shares of the real estate investment trust’s stock valued at $360,000 after buying an additional 103 shares during the period. SG Americas Securities LLC increased its position in shares of Stag Industrial by 3.4% in the first quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock valued at $165,000 after buying an additional 215 shares during the period. US Bancorp DE increased its position in shares of Stag Industrial by 4.3% in the first quarter. US Bancorp DE now owns 10,315 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 423 shares during the period. Finally, Quadrant Capital Management LLC increased its position in shares of Stag Industrial by 1.6% in the first quarter. Quadrant Capital Management LLC now owns 30,910 shares of the real estate investment trust’s stock valued at $773,000 after buying an additional 475 shares during the period. Hedge funds and other institutional investors own 75.58% of the company’s stock.

Shares of Stag Industrial, Inc. (NYSE:STAG) opened at 27.65 on Thursday. The firm’s 50-day moving average price is $27.35 and its 200-day moving average price is $26.20. Stag Industrial, Inc. has a one year low of $21.21 and a one year high of $28.75. The firm has a market capitalization of $2.55 billion, a P/E ratio of 103.17 and a beta of 1.22.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.41. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. The company had revenue of $72.20 million for the quarter, compared to analysts’ expectations of $71.44 million. During the same quarter in the previous year, the company earned $0.38 earnings per share. Stag Industrial’s quarterly revenue was up 19.9% on a year-over-year basis. On average, equities analysts forecast that Stag Industrial, Inc. will post ($0.04) earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Friday, December 15th. Investors of record on Thursday, November 30th will be given a dividend of $0.1175 per share. This represents a $1.41 annualized dividend and a dividend yield of 5.10%. The ex-dividend date is Wednesday, November 29th. Stag Industrial’s dividend payout ratio is currently 503.57%.

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Several brokerages have recently issued reports on STAG. Evercore ISI upgraded shares of Stag Industrial from an “in-line” rating to an “outperform” rating and set a $30.00 price target for the company in a report on Monday. Raymond James Financial, Inc. upped their price target on shares of Stag Industrial from $27.50 to $28.50 and gave the stock an “outperform” rating in a report on Wednesday, August 9th. Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stag Industrial in a report on Wednesday, August 2nd. Jefferies Group LLC reiterated a “buy” rating and set a $32.00 price target (up from $30.00) on shares of Stag Industrial in a report on Sunday, June 25th. Finally, BidaskClub downgraded shares of Stag Industrial from a “strong-buy” rating to a “buy” rating in a report on Tuesday, June 20th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $27.31.

About Stag Industrial

STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.

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

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