UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 19,417 Shares of Stag Industrial, Inc. $STAG

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Stag Industrial, Inc. (NYSE:STAG) by 1.8% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,110,853 shares of the real estate investment trust’s stock after buying an additional 19,417 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.58% of Stag Industrial worth $42,279,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC boosted 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 worth $57,000 after acquiring an additional 285 shares during the period. Nissay Asset Management Corp Japan raised its stake in shares of Stag Industrial by 1.0% during the 2nd quarter. Nissay Asset Management Corp Japan now owns 29,952 shares of the real estate investment trust’s stock valued at $1,140,000 after purchasing an additional 302 shares during the period. Mercer Global Advisors Inc. ADV raised its stake in shares of Stag Industrial by 1.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 30,515 shares of the real estate investment trust’s stock valued at $1,122,000 after purchasing an additional 367 shares during the period. First National Trust Co lifted its holdings in Stag Industrial by 1.7% during the 4th quarter. First National Trust Co now owns 23,166 shares of the real estate investment trust’s stock worth $852,000 after purchasing an additional 388 shares in the last quarter. Finally, Root Financial Partners LLC lifted its holdings in Stag Industrial by 32.9% during the 4th 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 in the last quarter. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

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

Stag Industrial Price Performance

NYSE:STAG opened at $37.66 on Friday. Stag Industrial, Inc. has a 52-week low of $34.40 and a 52-week high of $42.61. The stock has a fifty day moving average of $38.47 and a 200 day moving average of $38.24. The company has a debt-to-equity ratio of 0.93, a quick ratio of 1.76 and a current ratio of 1.76. The firm has a market capitalization of $7.26 billion, a price-to-earnings ratio of 28.97 and a beta of 0.95.

Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, July 28th. The real estate investment trust reported $0.28 earnings per share for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.37). Stag Industrial had a return on equity of 6.79% and a net margin of 28.04%.The business had revenue of $224.37 million during the quarter, compared to the consensus estimate of $223.04 million. During the same quarter in the prior year, the company earned $0.63 earnings per share. Stag Industrial’s revenue was up 8.1% compared to the same quarter last year. On average, research analysts expect that Stag Industrial, Inc. will post 2.63 EPS 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. Investors of record on Wednesday, September 30th will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. The ex-dividend date is Wednesday, September 30th. Stag Industrial’s dividend payout ratio 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.