Benjamin F. Edwards & Company Inc. Has $80,000 Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Benjamin F. Edwards & Company Inc. increased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 63.8% during the second quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,229 shares of the real estate investment trust’s stock after buying an additional 868 shares during the quarter. Benjamin F. Edwards & Company Inc.’s holdings in STAG Industrial were worth $80,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in STAG. Mirae Asset Global Investments Co. Ltd. purchased a new stake in shares of STAG Industrial in the first quarter worth approximately $3,222,000. Centersquare Investment Management LLC raised its stake in shares of STAG Industrial by 24.9% in the first quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock worth $4,990,000 after purchasing an additional 25,844 shares during the last quarter. Westfield Capital Management Co. LP raised its stake in shares of STAG Industrial by 12.3% in the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock worth $37,190,000 after purchasing an additional 106,217 shares during the last quarter. Cetera Investment Advisers raised its stake in shares of STAG Industrial by 763.9% in the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock worth $2,721,000 after purchasing an additional 62,594 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its stake in shares of STAG Industrial by 470.9% in the first quarter. Susquehanna Fundamental Investments LLC now owns 74,120 shares of the real estate investment trust’s stock worth $2,849,000 after purchasing an additional 61,137 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s 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 completion of the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

STAG Industrial stock opened at $39.24 on Friday. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $41.63. The business has a fifty day moving average price of $39.81 and a 200-day moving average price of $37.42. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market capitalization of $7.15 billion, a P/E ratio of 39.24, a PEG ratio of 4.09 and a beta of 1.09.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a $0.1233 dividend. This is a positive change from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, July 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 148.00%.

STAG Industrial Profile

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.