Legal & General Group Plc Boosts Holdings in Stag Industrial Inc (STAG)

Legal & General Group Plc raised its stake in Stag Industrial Inc (NYSE:STAG) by 15.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 264,194 shares of the real estate investment trust’s stock after buying an additional 36,143 shares during the period. Legal & General Group Plc owned approximately 0.28% of Stag Industrial worth $7,259,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. San Francisco Sentry Investment Group CA bought a new position in shares of Stag Industrial in the second quarter valued at $117,000. Verition Fund Management LLC bought a new position in shares of Stag Industrial in the second quarter valued at $200,000. Teacher Retirement System of Texas acquired a new stake in Stag Industrial during the 3rd quarter valued at $200,000. Federated Investors Inc. PA acquired a new stake in Stag Industrial during the 2nd quarter valued at $203,000. Finally, GAM Holding AG raised its stake in Stag Industrial by 20.2% during the 2nd quarter. GAM Holding AG now owns 7,566 shares of the real estate investment trust’s stock valued at $209,000 after purchasing an additional 1,270 shares during the period. 82.08% of the stock is currently owned by institutional investors.

Stag Industrial Inc (NYSE:STAG) traded down $0.03 during trading on Friday, hitting $27.99. 389,900 shares of the stock traded hands, compared to its average volume of 687,249. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.09 and a current ratio of 0.09. Stag Industrial Inc has a fifty-two week low of $22.64 and a fifty-two week high of $28.95. The stock has a market cap of $2,636.19, a PE ratio of 16.78, a P/E/G ratio of 3.09 and a beta of 1.25.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Thursday, November 2nd. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.42 by $0.01. Stag Industrial had a net margin of 18.96% and a return on equity of 5.72%. The business had revenue of $78.14 million for the quarter, compared to analysts’ expectations of $76.17 million. During the same period in the previous year, the company posted $0.40 EPS. Stag Industrial’s revenue was up 24.8% on a year-over-year basis. research analysts anticipate that Stag Industrial Inc will post 1.68 earnings per share for the current year.

The business also recently declared a monthly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, February 28th will be issued a dividend of $0.1183 per share. This represents a $1.42 annualized dividend and a dividend yield of 5.07%. The ex-dividend date of this dividend is Tuesday, February 27th. Stag Industrial’s dividend payout ratio is currently 261.12%.

Several analysts have issued reports on the stock. BidaskClub downgraded shares of Stag Industrial from a “sell” rating to a “strong sell” rating in a research note on Wednesday, October 25th. TheStreet raised shares of Stag Industrial from a “c” rating to a “b-” rating in a research note on Tuesday, November 14th. Jefferies Group reissued a “buy” rating and set a $32.00 target price (up from $31.00) on shares of Stag Industrial in a research note on Tuesday, August 22nd. UBS raised shares of Stag Industrial from a “sell” rating to a “neutral” rating and boosted their target price for the company from $21.00 to $28.00 in a research note on Friday, September 8th. Finally, J P Morgan Chase & Co raised shares of Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research note on Friday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $28.50.

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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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