Moors & Cabot Inc. Buys 880 Shares of STAG Industrial, Inc. (NYSE:STAG)

Moors & Cabot Inc. raised its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 81,252 shares of the real estate investment trust’s stock after purchasing an additional 880 shares during the period. Moors & Cabot Inc.’s holdings in STAG Industrial were worth $2,748,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Point72 DIFC Ltd bought a new position in shares of STAG Industrial during the 3rd quarter valued at about $717,000. Geode Capital Management LLC lifted its holdings in shares of STAG Industrial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after acquiring an additional 21,925 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of STAG Industrial by 169.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after acquiring an additional 83,296 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of STAG Industrial by 3.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 626,981 shares of the real estate investment trust’s stock valued at $24,509,000 after acquiring an additional 21,764 shares during the last quarter. Finally, Quest Partners LLC bought a new position in shares of STAG Industrial in the 3rd quarter valued at about $566,000. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction that occurred 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

STAG Industrial stock opened at $36.16 on Thursday. 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 1-year low of $32.27 and a 1-year high of $41.63. The firm has a market capitalization of $6.75 billion, a P/E ratio of 34.76 and a beta of 1.05. The company’s 50-day moving average is $34.75 and its 200 day moving average is $36.49.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

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

STAG Industrial Profile

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.