SOA Wealth Advisors LLC. bought a new stake in STAG Industrial, Inc. (NYSE:STAG) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 4,020 shares of the real estate investment trust’s stock, valued at approximately $127,000.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Norges Bank purchased a new position in shares of STAG Industrial in the fourth quarter worth about $57,591,000. Scout Investments Inc. purchased a new position in shares of STAG Industrial in the fourth quarter worth about $42,574,000. Waterfront Capital Partners LLC lifted its stake in shares of 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 worth $55,006,000 after buying an additional 1,134,383 shares in the last quarter. BlackRock Inc. lifted its stake in shares of 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 worth $513,622,000 after buying an additional 912,314 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in shares of 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 worth $67,790,000 after buying an additional 521,360 shares in the last quarter. Institutional investors and hedge funds own 91.06% of the company’s stock.
STAG has been the topic of a number of analyst reports. Zacks Investment Research downgraded shares of STAG Industrial from a “buy” rating to a “hold” rating in a research note on Wednesday, January 20th. JPMorgan Chase & Co. downgraded shares of STAG Industrial from an “overweight” rating to a “neutral” rating and set a $33.00 price target on the stock. in a research note on Monday, December 21st. One research analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $33.78.
STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 10th. The real estate investment trust reported $0.63 EPS for the quarter, topping the consensus estimate of $0.47 by $0.16. STAG Industrial had a net margin of 26.59% and a return on equity of 5.32%. The company had revenue of $129.90 million during the quarter, compared to analysts’ expectations of $121.63 million. During the same quarter in the previous year, the business posted $0.47 EPS. The firm’s revenue was up 16.8% on a year-over-year basis. On average, equities research analysts expect that STAG Industrial, Inc. will post 1.87 earnings per share for the current fiscal year.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, April 15th. Stockholders of record on Wednesday, March 31st will be given a dividend of $0.1208 per share. The ex-dividend date of this dividend is Tuesday, March 30th. This represents a $1.45 annualized dividend and a dividend yield of 4.20%. STAG Industrial’s dividend payout ratio 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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