Oppenheimer Asset Management Inc. Purchases 8,719 Shares of STAG Industrial, Inc. (NYSE:STAG)

Oppenheimer Asset Management Inc. increased its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 10.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,619 shares of the real estate investment trust's stock after buying an additional 8,719 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.05% of STAG Industrial worth $3,234,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. FMR LLC boosted its position in STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust's stock valued at $133,077,000 after buying an additional 21,925 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of STAG Industrial by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust's stock valued at $123,883,000 after buying an additional 227,629 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of STAG Industrial by 4.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust's stock valued at $61,905,000 after buying an additional 79,762 shares during the last quarter. Finally, Westfield Capital Management Co. LP lifted its position in shares of STAG Industrial by 36.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust's stock valued at $65,303,000 after buying an additional 442,618 shares during the last quarter. Institutional investors own 88.67% of the company's stock.

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STAG Industrial Price Performance

Shares of NYSE STAG traded up $1.12 during trading hours on Wednesday, reaching $37.14. 1,867,525 shares of the stock traded hands, compared to its average volume of 1,300,641. The company has a market capitalization of $6.93 billion, a P/E ratio of 35.71 and a beta of 1.09. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The company's 50-day simple moving average is $34.42 and its two-hundred day simple moving average is $36.60.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating 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%. Equities research analysts forecast 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 will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a $0.1242 dividend. This is a boost from STAG Industrial's previous dividend of $0.12. This represents a yield of 4.25%. The ex-dividend date is Friday, February 28th. STAG Industrial's payout ratio is 143.27%.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Barclays dropped their price target on 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. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Finally, Raymond James raised their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $40.38.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.10% of the company's stock.

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.