Choreo LLC Makes New $406,000 Investment in STAG Industrial, Inc. (NYSE:STAG)

Choreo LLC purchased a new position in STAG Industrial, Inc. (NYSE:STAG) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 11,390 shares of the real estate investment trust’s stock, valued at approximately $406,000.

Other hedge funds have also recently modified their holdings of the company. GAMMA Investing LLC lifted its position in STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 326 shares during the period. Insight Folios Inc grew its stake in STAG Industrial by 4.1% during the first quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 341 shares in the last quarter. Claro Advisors LLC increased its holdings in shares of STAG Industrial by 5.8% in the first quarter. Claro Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 352 shares during the last quarter. Shepherd Financial Partners LLC increased its stake in STAG Industrial by 1.9% in the 4th quarter. Shepherd Financial Partners LLC now owns 18,786 shares of the real estate investment trust’s stock worth $738,000 after acquiring an additional 356 shares during the last quarter. Finally, Verdence Capital Advisors LLC raised its stake in STAG Industrial by 4.2% during the first quarter. Verdence Capital Advisors LLC now owns 9,038 shares of the real estate investment trust’s stock valued at $347,000 after purchasing an additional 368 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.2 %

NYSE STAG opened at $40.14 on Tuesday. The firm has a 50 day simple moving average of $39.51 and a 200-day simple moving average of $37.29. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $41.63. The firm has a market cap of $7.31 billion, a price-to-earnings ratio of 40.14, a PEG ratio of 4.07 and a beta of 1.09.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.1233 dividend. The ex-dividend date was Wednesday, July 31st. This represents a yield of 3.63%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is currently 148.00%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on STAG. Wedbush raised their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Wells Fargo & Company increased their price target on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Barclays boosted their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. BNP Paribas began coverage on shares of STAG Industrial in a research report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target for the company. Finally, Evercore ISI raised their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, STAG Industrial has an average rating of “Hold” and a consensus price target of $41.22.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by corporate insiders.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.