RMR Advisors LLC increased its holdings in shares of Stag Industrial, Inc. (NYSE:STAG) by 9.1% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 179,693 shares of the real estate investment trust’s stock after purchasing an additional 15,000 shares during the period. Stag Industrial accounts for approximately 2.3% of RMR Advisors LLC’s holdings, making the stock its 9th largest position. RMR Advisors LLC owned about 0.19% of Stag Industrial worth $4,936,000 at the end of the most recent quarter.
A number of other institutional investors have also bought and sold shares of STAG. Parametric Portfolio Associates LLC grew its holdings in Stag Industrial by 52.3% during the first quarter. Parametric Portfolio Associates LLC now owns 127,964 shares of the real estate investment trust’s stock worth $3,202,000 after purchasing an additional 43,936 shares during the period. SG Americas Securities LLC grew its holdings in Stag Industrial by 3.4% during the first quarter. SG Americas Securities LLC now owns 6,587 shares of the real estate investment trust’s stock worth $165,000 after purchasing an additional 215 shares during the period. Teachers Advisors LLC grew its holdings in Stag Industrial by 9.2% during the first quarter. Teachers Advisors LLC now owns 153,074 shares of the real estate investment trust’s stock worth $3,830,000 after purchasing an additional 12,948 shares during the period. TIAA CREF Investment Management LLC grew its holdings in Stag Industrial by 1.9% during the first quarter. TIAA CREF Investment Management LLC now owns 290,089 shares of the real estate investment trust’s stock worth $7,258,000 after purchasing an additional 5,417 shares during the period. Finally, Thrivent Financial For Lutherans grew its holdings in Stag Industrial by 6.4% during the first quarter. Thrivent Financial For Lutherans now owns 31,500 shares of the real estate investment trust’s stock worth $788,000 after purchasing an additional 1,900 shares during the period. Institutional investors and hedge funds own 81.06% of the company’s stock.
A number of equities analysts recently commented on the company. UBS AG upgraded Stag Industrial from a “sell” rating to a “neutral” rating and lifted their price target for the stock from $21.00 to $28.00 in a report on Friday, September 8th. ValuEngine upgraded Stag Industrial from a “hold” rating to a “buy” rating in a report on Friday, September 1st. BidaskClub cut Stag Industrial from a “hold” rating to a “sell” rating in a report on Friday, October 6th. Jefferies Group LLC reiterated a “buy” rating and set a $32.00 price target on shares of Stag Industrial in a report on Tuesday, September 26th. Finally, Ladenburg Thalmann Financial Services reiterated a “buy” rating on shares of Stag Industrial in a report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $28.25.
Shares of Stag Industrial, Inc. (NYSE STAG) traded down 0.11% during midday trading on Tuesday, hitting $27.30. The stock had a trading volume of 92,418 shares. The company has a market cap of $2.52 billion, a price-to-earnings ratio of 101.87 and a beta of 1.19. Stag Industrial, Inc. has a 52 week low of $21.21 and a 52 week high of $28.95. The stock’s 50-day moving average price is $27.93 and its 200 day moving average price is $27.40.
Stag Industrial (NYSE:STAG) last released its earnings results on Tuesday, August 1st. The real estate investment trust reported $0.41 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.41. Stag Industrial had a net margin of 12.22% and a return on equity of 3.97%. The firm had revenue of $72.20 million during the quarter, compared to the consensus estimate of $71.44 million. During the same period in the prior year, the firm earned $0.38 EPS. The company’s revenue was up 19.9% compared to the same quarter last year. On average, equities analysts forecast that Stag Industrial, Inc. will post ($0.01) earnings per share for the current year.
The business also recently announced a monthly dividend, which will be paid on Friday, December 15th. Stockholders of record on Thursday, November 30th will be given a dividend of $0.1175 per share. This represents a $1.41 dividend on an annualized basis and a dividend yield of 5.16%. The ex-dividend date is Wednesday, November 29th. Stag Industrial’s dividend payout ratio is currently 503.57%.
In other news, EVP Peter S. Fearey sold 1,033 shares of the stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $28.71, for a total transaction of $29,657.43. Following the completion of the transaction, the executive vice president now directly owns 2,506 shares of the company’s stock, valued at approximately $71,947.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.00% of the stock is owned by corporate insiders.
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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