181,199 Shares in STAG Industrial, Inc. (NYSE:STAG) Purchased by F M Investments LLC

F M Investments LLC purchased a new position in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 181,199 shares of the real estate investment trust's stock, valued at approximately $6,534,000. F M Investments LLC owned approximately 0.10% of STAG Industrial as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently bought and sold shares of STAG. J.Safra Asset Management Corp lifted its position in shares of STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust's stock worth $25,000 after purchasing an additional 581 shares during the last quarter. Spire Wealth Management lifted its holdings in STAG Industrial by 124.1% during the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust's stock worth $26,000 after buying an additional 381 shares during the last quarter. Fidelis Capital Partners LLC acquired a new position in shares of STAG Industrial in the 1st quarter worth approximately $29,000. GAMMA Investing LLC increased its holdings in shares of STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 326 shares during the last quarter. Finally, ICA Group Wealth Management LLC acquired a new stake in shares of STAG Industrial during the 4th quarter valued at approximately $38,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

STAG has been the subject of several recent research reports. BNP Paribas initiated coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They set a "neutral" rating and a $39.00 target price for the company. Wedbush boosted their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Wells Fargo & Company raised their target price on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an "equal weight" rating in a report on Wednesday. Barclays upped their target price on STAG Industrial from $38.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, August 14th. Finally, Evercore ISI raised their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a report on Wednesday. Six investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $41.22.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 34,000 shares of the 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 transaction, the director now directly owns 8,758 shares in the company, valued at $357,151.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Benjamin S. Butcher sold 34,000 shares of the firm's stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the transaction, the director now owns 8,758 shares of the company's stock, valued at $357,151.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Benjamin S. Butcher sold 30,000 shares of the business's stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the sale, the director now owns 8,304 shares in the company, valued at $289,062.24. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company's stock.

STAG Industrial Stock Performance

STAG Industrial stock traded up $0.49 during mid-day trading on Friday, hitting $40.58. 693,259 shares of the company's stock traded hands, compared to its average volume of 1,091,853. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $41.63. The company has a market cap of $7.39 billion, a PE ratio of 40.58, a price-to-earnings-growth ratio of 4.16 and a beta of 1.09. The firm has a 50 day moving average price of $38.61 and a 200 day moving average price of $37.18. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a dividend of $0.1233 per share. This is a boost from STAG Industrial's previous dividend of $0.12. This represents a dividend yield of 3.63%. The ex-dividend date was Wednesday, July 31st. STAG Industrial's payout ratio is currently 148.00%.

STAG Industrial Company 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.