Hennion & Walsh Asset Management Inc. Purchases 347 Shares of STAG Industrial, Inc. (NYSE:STAG)

Hennion & Walsh Asset Management Inc. lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,025 shares of the real estate investment trust’s stock after purchasing an additional 347 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in STAG Industrial were worth $407,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. FMR LLC boosted its holdings in STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after acquiring an additional 4,111,268 shares in the last quarter. Earnest Partners LLC boosted its holdings in STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after acquiring an additional 78,189 shares in the last quarter. Geode Capital Management LLC boosted its holdings in 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 worth $133,077,000 after acquiring an additional 21,925 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after acquiring an additional 227,629 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its stake in shares of STAG Industrial by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after purchasing an additional 167,532 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Price Performance

Shares of STAG Industrial stock opened at $33.94 on Tuesday. The stock has a 50 day moving average of $35.06 and a 200 day moving average of $37.49. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The firm has a market cap of $6.18 billion, a PE ratio of 34.28 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s payout ratio is presently 149.49%.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on STAG shares. Wells Fargo & Company decreased their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Raymond James boosted their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Barclays reduced their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $41.00.

About STAG Industrial

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.