Groupe la Francaise Makes New Investment in Stag Industrial, Inc. $STAG

Groupe la Francaise acquired a new stake in Stag Industrial, Inc. (NYSE:STAG) in the 1st quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,371 shares of the real estate investment trust’s stock, valued at approximately $554,000.

Several other hedge funds have also recently modified their holdings of STAG. EverSource Wealth Advisors LLC grew its holdings in shares of Stag Industrial by 22.0% in the first quarter. EverSource Wealth Advisors LLC now owns 1,583 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 285 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its holdings in Stag Industrial by 1.2% during the fourth quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock worth $1,122,000 after acquiring an additional 367 shares during the period. First National Trust Co lifted its holdings in Stag Industrial by 1.7% during the fourth quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock worth $852,000 after acquiring an additional 388 shares during the period. Root Financial Partners LLC boosted its position in Stag Industrial by 32.9% in the fourth quarter. Root Financial Partners LLC now owns 1,603 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 397 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its position in Stag Industrial by 1.4% in the first quarter. Gamco Investors INC. ET AL now owns 30,042 shares of the real estate investment trust’s stock worth $1,083,000 after purchasing an additional 402 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

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

Stag Industrial Price Performance

NYSE STAG opened at $38.24 on Friday. The company has a market cap of $7.37 billion, a PE ratio of 29.42 and a beta of 0.97. The company has a quick ratio of 1.57, a current ratio of 1.76 and a debt-to-equity ratio of 0.93. The firm’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 posted its quarterly earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.37). The business had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. Stag Industrial had a net margin of 28.04% and a return on equity of 6.79%. The business’s revenue for the quarter was up 8.1% on a year-over-year basis. During the same period last year, the firm earned $0.63 EPS. Research analysts predict that Stag Industrial, Inc. will post 2.63 earnings per share for the current year.

Stag Industrial Announces Dividend

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

Stag Industrial Profile

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.