Xponance Inc. Acquires 1,072 Shares of STAG Industrial, Inc. (NYSE:STAG)

Xponance Inc. boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 5.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,734 shares of the real estate investment trust’s stock after buying an additional 1,072 shares during the quarter. Xponance Inc.’s holdings in STAG Industrial were worth $701,000 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. Point72 DIFC Ltd purchased a new stake in shares of STAG Industrial in the 3rd quarter worth $717,000. Geode Capital Management LLC raised its stake in STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after acquiring an additional 21,925 shares during the period. BNP Paribas Financial Markets lifted its holdings in STAG Industrial by 169.6% during the third quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after purchasing an additional 83,296 shares in the last quarter. Swiss National Bank boosted its position in shares of STAG Industrial by 0.8% in the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock worth $12,114,000 after purchasing an additional 2,800 shares during the period. Finally, Stifel Financial Corp increased its stake in shares of STAG Industrial by 5.6% in the third quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust’s stock worth $2,044,000 after purchasing an additional 2,795 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of research firms recently weighed in on STAG. Barclays lowered 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 note on Tuesday, January 28th. Raymond James upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their target price 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. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Stock Performance

NYSE STAG opened at $34.48 on Tuesday. 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 business has a 50 day simple moving average of $35.07 and a two-hundred day simple moving average of $36.17. The stock has a market capitalization of $6.44 billion, a PE ratio of 33.16 and a beta of 1.05.

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 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%. On average, research analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were issued a $0.1242 dividend. This is an increase from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. This represents a dividend yield of 4.25%. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

STAG Industrial Company 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.