Inceptionr LLC Acquires 7,577 Shares of STAG Industrial, Inc. (NYSE:STAG)

Inceptionr LLC grew its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 31.8% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 31,402 shares of the real estate investment trust's stock after purchasing an additional 7,577 shares during the period. Inceptionr LLC's holdings in STAG Industrial were worth $1,062,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of STAG. Point72 DIFC Ltd acquired a new stake in STAG Industrial in the third quarter worth approximately $717,000. Geode Capital Management LLC lifted its holdings in shares of STAG Industrial by 0.6% in the third 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 period. BNP Paribas Financial Markets boosted its stake in STAG Industrial by 169.6% during the third quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust's stock valued at $5,176,000 after buying an additional 83,296 shares in the last quarter. Los Angeles Capital Management LLC grew its holdings in STAG Industrial by 314.5% during the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust's stock worth $5,688,000 after acquiring an additional 110,410 shares during the period. Finally, Thrivent Financial for Lutherans grew its holdings in STAG Industrial by 3.6% during the third quarter. Thrivent Financial for Lutherans now owns 626,981 shares of the real estate investment trust's stock worth $24,509,000 after acquiring an additional 21,764 shares during the period. 88.67% of the stock is currently owned by institutional investors.

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Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction 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 of the company's stock, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on STAG shares. Royal Bank of Canada reduced their price objective on shares of 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. Barclays reduced their target price on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Finally, Raymond James upped their price target on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial has an average rating of "Moderate Buy" and a consensus target price of $40.38.

STAG Industrial Stock Up 0.1 %

Shares of STAG stock traded up $0.05 during trading on Monday, hitting $36.83. 2,226,170 shares of the company were exchanged, compared to its average volume of 1,327,788. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 35.41 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. The business's 50-day simple moving average is $34.59 and its 200 day simple moving average is $36.54. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. As a group, analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.1242 dividend. This represents a dividend yield of 4.25%. The ex-dividend date is Friday, February 28th. This is a positive change from STAG Industrial's previous dividend of $0.12. STAG Industrial's payout ratio is presently 143.27%.

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.