Allspring Global Investments Holdings LLC Boosts Holdings in Stag Industrial, Inc. $STAG

Allspring Global Investments Holdings LLC raised its holdings in Stag Industrial, Inc. (NYSE:STAG) by 23.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,456 shares of the real estate investment trust’s stock after buying an additional 25,877 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 0.07% of Stag Industrial worth $5,001,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. Measured Wealth Private Client Group LLC purchased a new stake in Stag Industrial in the 3rd quarter valued at about $27,000. Root Financial Partners LLC acquired a new position in shares of Stag Industrial in the 3rd quarter valued at about $43,000. EverSource Wealth Advisors LLC lifted its stake in shares of Stag Industrial by 270.1% in 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 purchasing an additional 1,048 shares in the last quarter. Covestor Ltd lifted its stake in shares of Stag Industrial by 98.5% in the 3rd quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 878 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. lifted its stake in shares of Stag Industrial by 76.4% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 764 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Activity

In other news, EVP Matts Pinard sold 25,242 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The stock was sold at an average price of $39.18, for a total value of $988,981.56. Following the completion of the sale, the executive vice president directly owned 951 shares in the company, valued at approximately $37,260.18. The trade was a 96.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO William R. Crooker sold 93,732 shares of the business’s stock in a transaction that occurred on Monday, February 23rd. The shares were sold at an average price of $39.17, for a total value of $3,671,482.44. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 136,974 shares of company stock worth $5,345,904. 1.10% of the stock is currently owned by insiders.

Stag Industrial Stock Performance

Shares of STAG opened at $36.36 on Tuesday. The business’s 50 day moving average is $37.97 and its two-hundred day moving average is $37.73. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $39.98. The firm has a market cap of $6.95 billion, a price-to-earnings ratio of 24.91 and a beta of 1.04. The company has a quick ratio of 1.90, a current ratio of 1.90 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last announced its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.03. Stag Industrial had a return on equity of 7.68% and a net margin of 32.35%.The company had revenue of $220.90 million for the quarter, compared to analyst estimates of $213.66 million. During the same period in the prior year, the company posted $0.61 EPS. Stag Industrial’s quarterly revenue was up 10.8% on a year-over-year basis. Analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s payout ratio is 106.16%.

Wall Street Analyst Weigh In

STAG has been the topic of several research analyst reports. Wall Street Zen raised Stag Industrial from a “sell” rating to a “hold” rating in a research note on Saturday, February 7th. Barclays reaffirmed an “underweight” rating and issued a $39.00 price objective (down from $40.00) on shares of Stag Industrial in a research note on Tuesday, January 13th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Robert W. Baird set a $40.00 price objective on Stag Industrial in a research note on Tuesday, February 17th. Finally, iA Financial set a $39.00 price objective on Stag Industrial in a research note on Tuesday, January 13th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $39.50.

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.