Proficio Capital Partners LLC Takes $470,000 Position in STAG Industrial, Inc. (NYSE:STAG)

Proficio Capital Partners LLC purchased a new position in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 13,900 shares of the real estate investment trust's stock, valued at approximately $470,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial in the 4th quarter worth about $43,000. Coastline Trust Co purchased a new position in STAG Industrial in the 3rd quarter worth about $55,000. Hilltop National Bank increased its stake in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after buying an additional 362 shares during the period. Principal Securities Inc. increased its stake in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after buying an additional 510 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in STAG Industrial in the 4th quarter worth about $109,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Performance

STAG stock traded up $0.50 during trading on Friday, reaching $35.47. The company had a trading volume of 1,700,094 shares, compared to its average volume of 1,065,892. The firm has a 50-day simple moving average of $34.75 and a 200-day simple moving average of $36.49. The company has a market cap of $6.62 billion, a price-to-earnings ratio of 34.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63.

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

STAG Industrial Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from STAG Industrial's previous dividend of $0.12. This represents a yield of 4.25%. STAG Industrial's dividend payout ratio (DPR) is 143.27%.

Insider Buying and Selling

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 shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Analyst Ratings Changes

STAG has been the topic of a number of research reports. Barclays cut 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 research report on Tuesday, January 28th. Raymond James raised their target price 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, 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. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $40.38.

STAG Industrial Company 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.