Resources Management Corp CT ADV Invests $921,000 in Stag Industrial, Inc. $STAG

Resources Management Corp CT ADV purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 25,050 shares of the real estate investment trust’s stock, valued at approximately $921,000.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. MML Investors Services LLC lifted its stake in Stag Industrial by 8.0% in the 4th quarter. MML Investors Services LLC now owns 16,942 shares of the real estate investment trust’s stock valued at $623,000 after purchasing an additional 1,261 shares during the last quarter. Mariner LLC bought a new stake in shares of Stag Industrial during the fourth quarter worth $709,000. Arax Advisory Partners grew its stake in shares of Stag Industrial by 115.1% during the fourth quarter. Arax Advisory Partners now owns 9,507 shares of the real estate investment trust’s stock worth $349,000 after buying an additional 5,087 shares during the last quarter. Brown Advisory Inc. increased its holdings in shares of Stag Industrial by 8.7% during the fourth quarter. Brown Advisory Inc. now owns 27,145 shares of the real estate investment trust’s stock worth $998,000 after buying an additional 2,163 shares in the last quarter. Finally, Aptus Capital Advisors LLC increased its holdings in shares of Stag Industrial by 50.6% during the fourth quarter. Aptus Capital Advisors LLC now owns 10,542 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 3,544 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of research reports. Wells Fargo & Company dropped their price target on Stag Industrial from $41.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, June 1st. Barclays lowered their target price on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. upped their target price on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Robert W. Baird set a $40.00 target price on Stag Industrial in a report on Tuesday, February 17th. Finally, Weiss Ratings cut Stag Industrial from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, May 4th. Two analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $40.00.

Stag Industrial Price Performance

Shares of STAG opened at $38.49 on Tuesday. Stag Industrial, Inc. has a 12-month low of $33.72 and a 12-month high of $39.99. The business has a 50-day simple moving average of $38.19 and a two-hundred day simple moving average of $38.00. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The stock has a market cap of $7.36 billion, a PE ratio of 29.84 and a beta of 0.98.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.23 by $0.09. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The business had revenue of $224.21 million during the quarter, compared to analysts’ expectations of $221.52 million. During the same quarter in the prior year, the firm earned $0.61 EPS. The business’s revenue for the quarter was up 9.0% compared to the same quarter last year. Analysts anticipate that Stag Industrial, Inc. will post 2.63 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be given a $0.3875 dividend. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Tuesday, June 30th. Stag Industrial’s payout ratio is 120.16%.

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.