Dana Investment Advisors Inc. Acquires 3,784 Shares of STAG Industrial, Inc. (NYSE:STAG)

Dana Investment Advisors Inc. boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 2.2% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 179,722 shares of the real estate investment trust’s stock after buying an additional 3,784 shares during the quarter. Dana Investment Advisors Inc. owned approximately 0.10% of STAG Industrial worth $6,481,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in STAG. J.Safra Asset Management Corp lifted its stake in shares of STAG Industrial by 708.5% during the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 581 shares in the last quarter. Centerpoint Advisors LLC bought a new position in shares of STAG Industrial in the second quarter worth about $25,000. Fidelis Capital Partners LLC bought a new position in shares of STAG Industrial in the first quarter worth about $29,000. GAMMA Investing LLC grew its position in shares of STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter. Finally, Wetzel Investment Advisors Inc. bought a new stake in STAG Industrial during the 2nd quarter valued at approximately $38,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the sale, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Company insiders own 1.10% of the company’s stock.

Wall Street Analysts Forecast Growth

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

STAG Industrial Stock Down 1.1 %

Shares of NYSE:STAG opened at $38.66 on Wednesday. The company has a 50-day moving average price of $39.75 and a 200 day moving average price of $37.43. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $41.63. The company has a market cap of $7.04 billion, a price-to-earnings ratio of 38.66, a PEG ratio of 4.06 and a beta of 1.09.

STAG Industrial Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.1233 dividend. The ex-dividend date was Wednesday, July 31st. This represents a dividend yield of 3.63%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is currently 148.00%.

About STAG Industrial

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.