Sanctuary Advisors LLC Acquires 2,866 Shares of STAG Industrial, Inc. (NYSE:STAG)

Sanctuary Advisors LLC raised its holdings in STAG Industrial, Inc. (NYSE:STAG) by 13.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 24,449 shares of the real estate investment trust’s stock after acquiring an additional 2,866 shares during the quarter. Sanctuary Advisors LLC’s holdings in STAG Industrial were worth $843,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in STAG. FMR LLC increased 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 valued at $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Geode Capital Management LLC grew its holdings in STAG Industrial by 0.6% during 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 purchasing an additional 21,925 shares during the period. Charles Schwab Investment Management Inc. increased its stake 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 valued at $123,883,000 after purchasing an additional 227,629 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in STAG Industrial by 4.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust’s stock worth $61,905,000 after purchasing an additional 79,762 shares during the period. Finally, Westfield Capital Management Co. LP boosted its position in shares of STAG Industrial by 36.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after purchasing an additional 442,618 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company cut their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Finally, Royal Bank of Canada lowered 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

Insider Transactions at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction on 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 of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

STAG Industrial Stock Performance

Shares of STAG opened at $35.61 on Friday. The firm has a fifty day simple moving average of $34.30 and a 200 day simple moving average of $36.71. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6.64 billion, a price-to-earnings ratio of 34.24 and a beta of 1.09.

STAG Industrial (NYSE:STAG) 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 the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.1242 dividend. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is 143.27%.

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.