Fox Run Management L.L.C. Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

Fox Run Management L.L.C. purchased a new stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,380 shares of the real estate investment trust's stock, valued at approximately $351,000.

Several other hedge funds have also made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of STAG Industrial by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock valued at $1,256,000 after purchasing an additional 300 shares in the last quarter. Values First Advisors Inc. raised its position in STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock valued at $492,000 after buying an additional 307 shares during the period. Hennion & Walsh Asset Management Inc. lifted its stake in STAG Industrial by 3.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust's stock worth $407,000 after acquiring an additional 347 shares in the last quarter. Peak Financial Advisors LLC boosted its position in STAG Industrial by 3.0% during the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock worth $420,000 after acquiring an additional 356 shares during the period. Finally, Hilltop National Bank grew its stake in STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 362 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Remove Ads

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Royal Bank of Canada reduced 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 research report on Monday, January 27th. Raymond James increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, Barclays lowered their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.38.

STAG Industrial Stock Up 0.4 %

Shares of STAG stock traded up $0.14 on Friday, hitting $35.58. The company's stock had a trading volume of 1,649,468 shares, compared to its average volume of 1,131,497. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 34.21 and a beta of 1.05. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The firm's fifty day moving average price is $35.17 and its 200-day moving average price is $36.06. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.

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

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued 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 dividend payout ratio (DPR) is 143.27%.

Insider Activity

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the transaction, the director now owns 9,632 shares of the company's stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

About STAG Industrial

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.