The Vanguard Group, Inc. recently announced the acquisition of new stake in STAG Industrial Inc. (NYSE:STAG). The institutional investor has increased its shareholding in the Real Estate company by 1.71% to 19.31 million shares with purchase of 0.32 million shares. This fresh investment now brings its stake to 12.98% valued currently at $566.11 million. In addition, BlackRock Fund Advisors raised its holdings by 0.86 million to 11.37 million shares. And Invesco Advisers, Inc. has lifted its position by 5.65% or 0.28 million shares – to 5.16 million shares.
With over 0.93 million STAG Industrial Inc. (STAG) shares trading Thursday and a closing price of $29.66 on the day, the dollar volume was approximately $27.53 million. The shares have shown a positive weekly performance of 2.84% and its price on 07/16/20 lost nearly -2.08%. Currently, there are 148.71M common shares owned by the public and among those 148.44M shares have been available to trade.
Incidentally, analysts’ outlook for the STAG Industrial Inc. stock is 2.10 for the next 12 months.
Insiders at the company have transacted a total of 24 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 23 of these insider trades were purchases, accounting for 13,546 shares. Insider sales of the common stock occurred on 1 occasions, with total insider shares sold totaling 981 shares.
The top 3 mutual fund holders in STAG Industrial Inc. are Vanguard Real Estate Index Fund, Vanguard Total Stock Market Index, and Vanguard Small Cap Index Fund. Vanguard Real Estate Index Fund owns 6.61 million shares of the company’s stock, all valued at over $193.84 million. The company bought an additional 0.54 million shares recently to bring their total holdings to about 4.45% of the shares outstanding. Vanguard Total Stock Market Index sold 33510.0 shares to see its total holdings shrink to 3.82 million shares valued at over $112.14 million and representing 2.57% of the shares outstanding. Vanguard Small Cap Index Fund sold 27031.0 shares to bring its total holdings to over 3.45 million shares at a value of $101.03 million. Vanguard Small Cap Index Fund now owns shares totaling to 2.32% of the shares outstanding.
Shares of STAG Industrial Inc. (NYSE: STAG) opened at $29.96, down -$0.33 from a prior closing price of $30.29. However, the script later closed the day at $29.66, down -2.08%. The company’s stock has a 5-day price change of 2.84% and 16.04% over the past three months. STAG shares are trading -6.05% year to date (YTD), with the 12-month market performance down to -3.07% lower. It has a 12-month low price of $17.54 and touched a high of $33.48 over the same period. Currently, 0.93 million shares have been traded, compared to an average intraday trading volume of 1.33 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 1.13%, 7.65%, and 3.18% respectively.
Institutional ownership of STAG Industrial Inc. (NYSE: STAG) shares accounts for 94.00% of the company’s 148.71M shares outstanding. Mutual fund holders own 41.75%, while other institutional holders and individual stakeholders account for 52.90% and 0.29% respectively.
It has a market capitalization of $4.34B and a beta (3y monthly) value of 1.14. The stock’s trailing 12-month PE ratio is 41.60, while the earnings-per-share (ttm) stands at $0.71. The company has a PEG of 5.94 and the debt-to-equity ratio at 0.77. Price movements for the stock have been influenced by the stock’s volatility, which stands at 2.65% over the week and 2.84% over the month.
Analysts forecast that STAG Industrial Inc. (STAG) will achieve an EPS of $0.11 for the current quarter, $0.1 for the next quarter and $0.41 for 2021. The lowest estimate earnings-per-share for the quarter is $0.1 while analysts give the company a high EPS estimate of $0.11. Comparatively, EPS for the current quarter was $0.1 a year ago. Earnings per share for the fiscal year are expected to decrease by -56.10%, and -12.63% over the next financial year. EPS should shrink at an annualized rate of 7.00% over the next five years, compared to 26.70% over the past 5-year period.
If you are looking to buy this stock, then you may note that the average analyst recommendation by 11 brokerage firm advisors rate STAG Industrial Inc. (STAG) as a “Moderate Buy” at a consensus score of 2.10. Specifically, 5 Wall Street analysts polled rate the stock as a buy, while 2 of the 11 advise that investors “hold,” and 0 rated it as a “Sell.”
Looking at the support for the STAG, a number of firms have released research notes about the stock. Citigroup stated their Neutral rating for the stock in a research note on February 27, 2020, with the firm’s price target at $33. RBC Capital Mkts coverage for the STAG Industrial Inc. (STAG) stock in a research note released on December 18, 2019 offered a Top Pick rating with a price target of $34. JP Morgan was of a view on December 18, 2019 that the stock is Overweight, while Wells Fargo gave the stock Outperform rating on December 10, 2019, issuing a price target of. Berenberg on their part issued Hold rating on April 23, 2019.