Proficio Capital Partners LLC purchased a new stake 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 hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new stake in STAG Industrial in the 4th quarter valued at $43,000. Hilltop National Bank raised its holdings in shares of STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 362 shares during the last quarter. Principal Securities Inc. lifted its position in shares of STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 510 shares in the last quarter. Aew Capital Management L P boosted its holdings in STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in STAG Industrial in the 4th quarter worth about $109,000. 88.67% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on the stock. 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 research report on Tuesday, January 28th. Raymond James boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research 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. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.38.
View Our Latest Research Report on STAG
Insider Transactions at STAG Industrial
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 transaction, the director now directly owns 9,632 shares of the company's stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.
STAG Industrial Price Performance
Shares of STAG traded up $0.14 during midday trading on Friday, hitting $35.58. 1,649,468 shares of the company traded hands, compared to its average volume of 1,130,722. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $6.64 billion, a P/E ratio of 34.21 and a beta of 1.05. The stock has a 50-day moving average of $35.14 and a 200-day moving average of $36.13.
STAG Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, sell-side analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.
STAG Industrial Increases Dividend
The business also recently declared a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.1242 dividend. This is a positive change from STAG Industrial's previous dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 4.25%. STAG Industrial's dividend payout ratio is presently 143.27%.
About STAG Industrial
(
Free Report)
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.
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