STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Cibc World Markets Corp

Cibc World Markets Corp lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 58.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 76,047 shares of the real estate investment trust's stock after purchasing an additional 27,920 shares during the quarter. Cibc World Markets Corp's holdings in STAG Industrial were worth $2,572,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial during the 4th quarter worth $43,000. Hilltop National Bank raised its holdings in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. lifted its position in STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 510 shares during the period. Aew Capital Management L P boosted its holdings in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in STAG Industrial during the 4th quarter worth approximately $109,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

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Wall Street Analyst Weigh In

Several analysts have recently commented on the company. Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Barclays decreased their target price on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada cut their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $40.38.

STAG Industrial Trading Up 0.7 %

STAG stock traded up $0.25 during midday trading on Tuesday, hitting $34.72. The stock had a trading volume of 1,912,933 shares, compared to its average volume of 1,078,626. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The company's 50-day moving average price is $35.07 and its 200 day moving average price is $36.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $6.48 billion, a PE ratio of 33.38 and a beta of 1.05.

STAG Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, equities research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1242 per share. This represents a yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from STAG Industrial's previous dividend of $0.12. STAG Industrial's payout ratio is 143.27%.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.