Coppell Advisory Solutions LLC Makes New $1.41 Million Investment in Stag Industrial, Inc. $STAG

Coppell Advisory Solutions LLC purchased a new stake in shares of Stag Industrial, Inc. (NYSE:STAG) during the 2nd quarter, HoldingsChannel reports. The firm purchased 36,915 shares of the real estate investment trust’s stock, valued at approximately $1,405,000.

A number of other hedge funds have also modified their holdings of STAG. Pacific Heights Asset Management LLC lifted its holdings in shares of Stag Industrial by 25.0% during the fourth quarter. Pacific Heights Asset Management LLC now owns 500,000 shares of the real estate investment trust’s stock worth $18,380,000 after purchasing an additional 100,000 shares during the period. Oppenheimer Asset Management Inc. acquired a new position in Stag Industrial in the 2nd quarter worth approximately $3,693,000. Bessemer Group Inc. raised its position in Stag Industrial by 8.0% during the 4th quarter. Bessemer Group Inc. now owns 834,733 shares of the real estate investment trust’s stock worth $30,684,000 after buying an additional 61,675 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Stag Industrial during the 1st quarter worth approximately $3,444,000. Finally, Geode Capital Management LLC lifted its stake in Stag Industrial by 1.7% during the 4th quarter. Geode Capital Management LLC now owns 3,830,915 shares of the real estate investment trust’s stock valued at $140,851,000 after acquiring an additional 65,502 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Stag Industrial Price Performance

NYSE:STAG opened at $37.49 on Thursday. The company has a debt-to-equity ratio of 0.93, a current ratio of 1.76 and a quick ratio of 1.76. The company has a 50 day moving average price of $38.50 and a 200-day moving average price of $38.24. Stag Industrial, Inc. has a 1-year low of $34.40 and a 1-year high of $42.61. The firm has a market cap of $7.23 billion, a price-to-earnings ratio of 28.84 and a beta of 0.95.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). The firm had revenue of $224.37 million for the quarter, compared to analysts’ expectations of $223.04 million. Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business’s quarterly revenue was up 8.1% on a year-over-year basis. During the same period last year, the company posted $0.63 earnings per share. Equities research analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current year.

Stag Industrial Dividend Announcement

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

Wall Street Analysts Forecast Growth

STAG has been the topic of several recent research reports. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Wells Fargo & Company reduced their target price on shares of Stag Industrial from $40.00 to $38.00 and set an “equal weight” rating for the company in a report on Tuesday. Wall Street Zen downgraded shares of Stag Industrial from a “hold” rating to a “sell” rating in a research report on Monday, August 24th. Robert W. Baird raised Stag Industrial from a “neutral” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Monday. Finally, Barclays increased their price target on Stag Industrial from $38.00 to $41.00 and gave the stock an “underweight” rating in a research report on Thursday, July 16th. Four analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $40.70.

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.