Wealthfront Advisers LLC Buys New Position in STAG Industrial, Inc. (NYSE:STAG)

Wealthfront Advisers LLC acquired a new position in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 67,943 shares of the real estate investment trust's stock, valued at approximately $2,298,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of STAG. Atria Investments Inc raised its stake in shares of STAG Industrial by 1.6% in the 3rd quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust's stock worth $1,033,000 after buying an additional 414 shares in the last quarter. Nations Financial Group Inc. IA ADV bought a new stake in shares of STAG Industrial in the 3rd quarter worth $359,000. Entropy Technologies LP bought a new stake in shares of STAG Industrial in the 3rd quarter worth $340,000. GSA Capital Partners LLP acquired a new stake in shares of STAG Industrial during the third quarter worth $349,000. Finally, Aigen Investment Management LP acquired a new stake in shares of STAG Industrial during the third quarter worth $333,000. Institutional investors own 88.67% of the company's stock.

Insider Transactions at STAG Industrial

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 sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. 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 corporate insiders.

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Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on STAG. Barclays cut their target price 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. Raymond James boosted their target price 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 cut their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock 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's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $40.38.

STAG Industrial Stock Down 0.1 %

NYSE STAG traded down $0.03 on Wednesday, reaching $35.44. The stock had a trading volume of 1,772,679 shares, compared to its average volume of 1,067,270. The business has a 50 day moving average price of $34.92 and a 200 day moving average price of $36.32. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The company has a market capitalization of $6.61 billion, a price-to-earnings ratio of 34.07 and a beta of 1.05.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS 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%. On average, analysts forecast 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 paid a dividend of $0.1242 per share. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from STAG Industrial's previous dividend of $0.12. STAG Industrial's dividend payout ratio is 143.27%.

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.