Janney Montgomery Scott LLC Takes $411,000 Position in STAG Industrial, Inc. (NYSE:STAG)

Janney Montgomery Scott LLC purchased a new position in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,140 shares of the real estate investment trust's stock, valued at approximately $411,000.

A number of other hedge funds have also recently made changes to their positions in the stock. UMB Bank n.a. grew its holdings in STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 306 shares in the last quarter. Sugar Maple Asset Management LLC bought a new position in STAG Industrial during the 4th quarter worth about $43,000. Coastline Trust Co bought a new position in STAG Industrial during the 3rd quarter worth about $55,000. GAMMA Investing LLC grew its holdings in STAG Industrial by 72.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 659 shares in the last quarter. Finally, Hilltop National Bank grew its holdings 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 worth $76,000 after acquiring an additional 362 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Performance

Shares of STAG Industrial stock traded down $0.29 during midday trading on Friday, hitting $35.07. The company had a trading volume of 1,606,316 shares, compared to its average volume of 1,302,290. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6.39 billion, a price-to-earnings ratio of 35.42 and a beta of 1.09. The company has a fifty day simple moving average of $34.32 and a 200 day simple moving average of $37.00.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 23.94% and a return on equity of 5.27%. As a group, analysts predict that STAG Industrial, Inc. will post 2.41 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.25%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial's dividend payout ratio is presently 143.27%.

Wall Street Analysts Forecast Growth

STAG has been the topic of several recent research reports. Barclays dropped 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 report on Tuesday, January 28th. Royal Bank of Canada lowered their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Raymond James increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $40.38.

STAG Industrial 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.