17,324 Shares in STAG Industrial, Inc. (NYSE:STAG) Acquired by Lecap Asset Management Ltd.

Lecap Asset Management Ltd. acquired a new stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,324 shares of the real estate investment trust's stock, valued at approximately $625,000.

Several other hedge funds have also recently made changes to their positions in STAG. Principal Financial Group Inc. grew its holdings in STAG Industrial by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 748,765 shares of the real estate investment trust's stock valued at $29,397,000 after buying an additional 26,700 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of STAG Industrial during the 1st quarter valued at $3,222,000. Centersquare Investment Management LLC increased its holdings in shares of STAG Industrial by 24.9% in the first quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust's stock worth $4,990,000 after purchasing an additional 25,844 shares during the period. Massachusetts Financial Services Co. MA increased its stake in STAG Industrial by 22.4% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust's stock worth $206,051,000 after acquiring an additional 961,420 shares during the last quarter. Finally, Westfield Capital Management Co. LP raised its position in STAG Industrial by 12.3% during the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust's stock valued at $37,190,000 after purchasing an additional 106,217 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the business's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the sale, the director now directly owns 8,758 shares of the company's stock, valued at $357,151.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the sale, the director now owns 8,758 shares of the company's stock, valued at approximately $357,151.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Benjamin S. Butcher sold 30,000 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the transaction, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have commented on STAG shares. Barclays increased their price target on shares of STAG Industrial from $38.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 14th. Wedbush raised their price objective on STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research note on Monday, August 5th. Finally, BNP Paribas assumed coverage on STAG Industrial in a research note on Tuesday, June 4th. They issued a "neutral" rating and a $39.00 target price for the company. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $40.63.

STAG Industrial Trading Up 0.4 %

STAG stock traded up $0.15 during trading on Thursday, reaching $39.90. The company had a trading volume of 464,956 shares, compared to its average volume of 1,106,871. The business has a 50 day moving average of $37.93 and a 200 day moving average of $37.04. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market cap of $7.27 billion, a P/E ratio of 39.90, a PEG ratio of 4.07 and a beta of 1.09. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $41.63.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.1233 per share. This represents a dividend yield of 3.63%. This is a positive change from STAG Industrial's previous dividend of $0.12. The ex-dividend date of this dividend was Wednesday, July 31st. STAG Industrial's dividend payout ratio (DPR) is presently 148.00%.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.