STAG Industrial, Inc. (NYSE:STAG) Stake Boosted by Inceptionr LLC

Inceptionr LLC increased its stake in STAG Industrial, Inc. (NYSE:STAG) by 31.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 31,402 shares of the real estate investment trust’s stock after purchasing an additional 7,577 shares during the quarter. Inceptionr LLC’s holdings in STAG Industrial were worth $1,062,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial in the 4th quarter worth about $43,000. Coastline Trust Co purchased a new position in STAG Industrial in the 3rd quarter worth about $55,000. Hilltop National Bank increased its stake 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 worth $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. increased its stake 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 worth $101,000 after purchasing an additional 510 shares in the last quarter. Finally, Aew Capital Management L P increased its stake 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 worth $108,000 after purchasing an additional 1,100 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Down 1.3 %

Shares of STAG Industrial stock opened at $36.58 on Friday. The firm has a market cap of $6.82 billion, a price-to-earnings ratio of 35.17 and a beta of 1.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The stock has a 50-day simple moving average of $34.48 and a 200-day simple moving average of $36.60.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating 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%. On average, equities research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.1242 per share. This represents a dividend yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. The ex-dividend date is Friday, February 28th. STAG Industrial’s payout ratio is currently 143.27%.

Insider Activity

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm’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 value of $1,755,000.00. Following the transaction, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

STAG has been the topic of a number of analyst reports. Royal Bank of Canada dropped their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Barclays decreased their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Finally, Raymond James raised their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $40.38.

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.