Foresight Group Ltd Liability Partnership Raises Stake in STAG Industrial, Inc. (NYSE:STAG)

Foresight Group Ltd Liability Partnership lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 17.2% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 128,963 shares of the real estate investment trust’s stock after buying an additional 18,894 shares during the quarter. STAG Industrial comprises about 2.0% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 10th largest holding. Foresight Group Ltd Liability Partnership owned approximately 0.07% of STAG Industrial worth $4,650,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. J.Safra Asset Management Corp lifted its position in STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after acquiring an additional 581 shares during the last quarter. Centerpoint Advisors LLC bought a new position in shares of STAG Industrial during the second quarter worth approximately $25,000. Fidelis Capital Partners LLC acquired a new stake in STAG Industrial during the 1st quarter worth approximately $29,000. GAMMA Investing LLC boosted its stake in STAG Industrial by 56.1% in the 2nd 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. Finally, ICA Group Wealth Management LLC bought a new stake in STAG Industrial in the 4th quarter valued at $38,000. Institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling at STAG Industrial

In other news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $39.62 on Thursday. The firm has a 50 day moving average of $39.60 and a 200-day moving average of $37.31. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $41.63. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $7.21 billion, a PE ratio of 39.62, a PEG ratio of 4.07 and a beta of 1.09.

STAG Industrial Increases Dividend

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

Wall Street Analysts Forecast Growth

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

About STAG Industrial

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.