13,900 Shares in STAG Industrial, Inc. (NYSE:STAG) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC purchased a new stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 13,900 shares of the real estate investment trust's stock, valued at approximately $470,000.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new position in STAG Industrial in the fourth quarter worth approximately $43,000. Hilltop National Bank boosted its holdings in shares of STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 362 shares during the last quarter. Principal Securities Inc. raised its position in shares of STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after buying an additional 510 shares during the period. Aew Capital Management L P raised its position in STAG Industrial by 52.4% in the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC purchased a new position in STAG Industrial in the fourth quarter valued at $109,000. Institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Performance

Shares of STAG stock traded up $0.25 during trading hours on Tuesday, reaching $34.72. 1,912,934 shares of the company's stock were exchanged, compared to its average volume of 1,078,626. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The stock has a market capitalization of $6.48 billion, a P/E ratio of 33.38 and a beta of 1.05. The business has a fifty day moving average price of $35.07 and a 200-day moving average price of $36.17. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

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STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data 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 return on equity of 5.51% and a net margin of 24.64%. 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 given a $0.1242 dividend. This is a positive change from STAG Industrial's previous dividend of $0.12. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. STAG Industrial's dividend payout ratio (DPR) is currently 143.27%.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

Analysts Set New Price Targets

STAG has been the topic of a number of recent 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 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 report on Wednesday, December 11th. Finally, Royal Bank of Canada reduced their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, STAG Industrial has an average rating of "Moderate Buy" and an average target price of $40.38.

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.