Commerce Bank Purchases Shares of 168,347 Stag Industrial, Inc. $STAG

Commerce Bank purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG) in the second quarter, according to its most recent filing with the SEC. The firm purchased 168,347 shares of the real estate investment trust’s stock, valued at approximately $6,407,000.

Other hedge funds have also recently made changes to their positions in the company. Clearstead Advisors LLC lifted its stake in Stag Industrial by 193.6% in the fourth quarter. Clearstead Advisors LLC now owns 731 shares of the real estate investment trust’s stock valued at $27,000 after buying an additional 482 shares during the period. Measured Wealth Private Client Group LLC acquired a new stake in shares of Stag Industrial during the 3rd quarter worth approximately $27,000. Northwestern Mutual Wealth Management Co. acquired a new stake in shares of Stag Industrial during the 2nd quarter worth approximately $46,000. International Assets Investment Management LLC bought a new stake in shares of Stag Industrial in the 4th quarter valued at $51,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,048 shares during the period. 88.67% of the stock is owned by institutional investors.

Stag Industrial Trading Up 0.0%

STAG opened at $36.68 on Monday. Stag Industrial, Inc. has a fifty-two week low of $34.40 and a fifty-two week high of $42.61. The firm has a market capitalization of $7.07 billion, a PE ratio of 28.22 and a beta of 0.96. 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’s 50-day moving average is $38.66 and its 200 day moving average is $38.34.

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

Stag Industrial Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.3875 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.55 annualized dividend and a yield of 4.2%. Stag Industrial’s dividend payout ratio (DPR) is 119.23%.

Wall Street Analyst Weigh In

STAG has been the subject of several research analyst reports. Barclays lifted their price target 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 reiterated a “buy (b-)” rating on shares of Stag Industrial in a report on Friday, July 31st. Raymond James Financial started coverage on Stag Industrial in a research note on Wednesday, June 17th. They issued an “outperform” rating and a $44.00 price objective for the company. Wall Street Zen lowered Stag Industrial from a “hold” rating to a “sell” rating in a research report on Monday. Finally, Wells Fargo & Company cut their target price on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, June 1st. 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 stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $50.50.

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.