Stag Industrial, Inc. (NYSE:STAG) Stake Boosted by Foundations Investment Advisors LLC

Foundations Investment Advisors LLC grew its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 73.5% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,782 shares of the real estate investment trust’s stock after acquiring an additional 8,377 shares during the period. Foundations Investment Advisors LLC’s holdings in Stag Industrial were worth $715,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Teacher Retirement System of Texas boosted its holdings in Stag Industrial by 55.3% during the first quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust’s stock valued at $1,435,000 after acquiring an additional 14,155 shares during the period. Principal Financial Group Inc. boosted its holdings in Stag Industrial by 2.7% during the first quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust’s stock valued at $15,497,000 after acquiring an additional 11,408 shares during the period. Janney Montgomery Scott LLC boosted its holdings in Stag Industrial by 4.7% during the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust’s stock valued at $459,000 after acquiring an additional 571 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Stag Industrial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust’s stock valued at $587,000 after buying an additional 1,295 shares during the period. Finally, Envestnet Asset Management Inc. lifted its stake in shares of Stag Industrial by 4.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 480,590 shares of the real estate investment trust’s stock valued at $16,254,000 after buying an additional 19,144 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on STAG. Raymond James Financial increased their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Evercore ISI increased their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Robert W. Baird reduced their target price on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, Stag Industrial presently has a consensus rating of “Hold” and an average target price of $39.14.

Stag Industrial Stock Performance

NYSE:STAG opened at $34.26 on Friday. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.39 billion, a PE ratio of 26.98 and a beta of 0.93. The firm has a 50-day moving average price of $35.98 and a 200 day moving average price of $34.94.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same quarter in the prior year, the business posted $0.61 earnings per share. The company’s quarterly revenue was up 9.4% compared to the same quarter last year. Research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a dividend yield of 422.0%. Stag Industrial’s dividend payout ratio (DPR) is presently 112.03%.

Insider Buying and Selling at Stag Industrial

In other news, Director Benjamin S. Butcher sold 28,843 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director owned 7,115 shares of the company’s stock, valued at approximately $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

About Stag Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.