Segall Bryant & Hamill LLC Purchases 14,555 Shares of Stag Industrial, Inc. $STAG

Segall Bryant & Hamill LLC increased its position in Stag Industrial, Inc. (NYSE:STAG) by 1.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,247,215 shares of the real estate investment trust’s stock after purchasing an additional 14,555 shares during the period. Stag Industrial accounts for 0.6% of Segall Bryant & Hamill LLC’s portfolio, making the stock its 29th biggest position. Segall Bryant & Hamill LLC owned approximately 0.65% of Stag Industrial worth $44,975,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in STAG. Clearstead Advisors LLC grew its position in shares of Stag Industrial by 193.6% in the 4th quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock worth $27,000 after buying an additional 482 shares during the period. Measured Wealth Private Client Group LLC purchased a new position in Stag Industrial during the 3rd quarter valued at about $27,000. International Assets Investment Management LLC purchased a new position in Stag Industrial during the 4th quarter valued at about $51,000. EverSource Wealth Advisors LLC boosted its stake in Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,048 shares in the last quarter. Finally, Root Financial Partners LLC boosted its stake in Stag Industrial by 32.9% during the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 397 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on STAG shares. Barclays raised their target price on shares of Stag Industrial from $38.00 to $41.00 and gave the company an “underweight” rating in a research note on Thursday, July 16th. Weiss Ratings lowered Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, May 4th. Evercore reiterated an “outperform” rating and set a $44.00 price objective on shares of Stag Industrial in a research note on Wednesday, April 29th. Raymond James Financial initiated coverage on Stag Industrial in a report on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 target price on the stock. Finally, Robert W. Baird set a $138.00 target price on Stag Industrial in a research note on Friday. Three analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $50.50.

Stag Industrial Trading Down 0.8%

Shares of NYSE:STAG opened at $38.24 on Friday. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 29.42 and a beta of 0.97. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.57 and a current ratio of 1.76. The stock’s 50-day simple moving average is $38.87 and its two-hundred day simple moving average is $38.37. Stag Industrial, Inc. has a 52-week low of $33.72 and a 52-week high of $42.61.

Stag Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.37). Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The business had revenue of $224.37 million for the quarter, compared to analysts’ expectations of $223.04 million. During the same period in the previous year, the company earned $0.63 EPS. Stag Industrial’s revenue for the quarter was up 8.1% compared to the same quarter last year. Analysts expect that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.3875 dividend. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio (DPR) is 119.23%.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.