Steward Partners Investment Advisory LLC Buys 1,187 Shares of STAG Industrial, Inc. (NYSE:STAG)

Steward Partners Investment Advisory LLC raised its stake in STAG Industrial, Inc. (NYSE:STAG) by 28.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 5,306 shares of the real estate investment trust’s stock after acquiring an additional 1,187 shares during the quarter. Steward Partners Investment Advisory LLC’s holdings in STAG Industrial were worth $179,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of STAG. Sugar Maple Asset Management LLC bought a new position in STAG Industrial in the 4th quarter valued at about $43,000. Coastline Trust Co bought a new position in STAG Industrial in the 3rd quarter valued at about $55,000. Hilltop National Bank raised its holdings in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 362 shares during the period. Principal Securities Inc. raised its holdings in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 510 shares during the period. Finally, Aew Capital Management L P raised its holdings in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,100 shares during the period. 88.67% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The shares were 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 in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

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

STAG Industrial Stock Performance

NYSE STAG opened at $35.47 on Friday. 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 firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 34.11 and a beta of 1.05. The firm’s 50 day simple moving average is $34.83 and its 200 day simple moving average is $36.42. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63.

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 (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. As a group, research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

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