Proficio Capital Partners LLC Makes New $470,000 Investment in STAG Industrial, Inc. (NYSE:STAG)

Proficio Capital Partners LLC bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,900 shares of the real estate investment trust’s stock, valued at approximately $470,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC bought a new position in STAG Industrial during the fourth quarter worth about $43,000. Coastline Trust Co bought a new stake in shares of STAG Industrial in the third quarter valued at about $55,000. Hilltop National Bank lifted its holdings in shares of STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in shares of STAG Industrial in the fourth quarter valued at about $109,000. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on STAG shares. Barclays cut their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada cut their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, Raymond James boosted their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Price Performance

NYSE:STAG opened at $36.83 on Tuesday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s 50-day simple moving average is $34.65 and its 200 day simple moving average is $36.52. The company has a market cap of $6.87 billion, a P/E ratio of 35.41 and a beta of 1.05. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (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%. As a group, sell-side analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

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

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction that occurred 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 transaction, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

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.