SOA Wealth Advisors LLC. purchased a new stake in STAG Industrial, Inc. (NYSE:STAG) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,020 shares of the real estate investment trust’s stock, valued at approximately $127,000.
A number of other hedge funds and other institutional investors have also bought and sold shares of STAG. Norges Bank purchased a new position in STAG Industrial in the fourth quarter valued at approximately $57,591,000. Scout Investments Inc. acquired a new position in STAG Industrial in the fourth quarter worth $42,574,000. Waterfront Capital Partners LLC lifted its stake in STAG Industrial by 182.4% in the fourth quarter. Waterfront Capital Partners LLC now owns 1,756,248 shares of the real estate investment trust’s stock valued at $55,006,000 after buying an additional 1,134,383 shares during the last quarter. BlackRock Inc. lifted its stake in STAG Industrial by 5.9% in the fourth quarter. BlackRock Inc. now owns 16,399,214 shares of the real estate investment trust’s stock valued at $513,622,000 after buying an additional 912,314 shares during the last quarter. Finally, Federated Hermes Inc. lifted its stake in STAG Industrial by 31.7% in the fourth quarter. Federated Hermes Inc. now owns 2,164,452 shares of the real estate investment trust’s stock valued at $67,790,000 after buying an additional 521,360 shares during the last quarter. Hedge funds and other institutional investors own 91.06% of the company’s stock.
STAG has been the topic of a number of recent research reports. JPMorgan Chase & Co. cut STAG Industrial from an “overweight” rating to a “neutral” rating and set a $33.00 target price on the stock. in a research note on Monday, December 21st. Zacks Investment Research cut STAG Industrial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 20th. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $33.78.
STAG Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 10th. The real estate investment trust reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.16. STAG Industrial had a net margin of 26.59% and a return on equity of 5.32%. The business had revenue of $129.90 million for the quarter, compared to analysts’ expectations of $121.63 million. During the same period in the previous year, the business earned $0.47 earnings per share. The company’s revenue was up 16.8% on a year-over-year basis. On average, sell-side analysts anticipate that STAG Industrial, Inc. will post 1.87 earnings per share for the current fiscal year.
The firm also recently declared a monthly dividend, which will be paid on Thursday, April 15th. Shareholders of record on Wednesday, March 31st will be given a $0.1208 dividend. This represents a $1.45 annualized dividend and a yield of 4.20%. The ex-dividend date is Tuesday, March 30th. STAG Industrial’s dividend payout ratio (DPR) is presently 78.80%.
STAG Industrial Profile
STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.
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