Fox Run Management L.L.C. Takes Position in STAG Industrial, Inc. (NYSE:STAG)

Fox Run Management L.L.C. bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 10,380 shares of the real estate investment trust’s stock, valued at approximately $351,000.

A number of other hedge funds have also added to or reduced their stakes in STAG. Sugar Maple Asset Management LLC acquired a new position in shares of STAG Industrial during the 4th quarter worth about $43,000. Hilltop National Bank raised its holdings in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares in the last quarter. Principal Securities Inc. boosted its position in STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares during the last quarter. Aew Capital Management L P grew its stake in STAG Industrial by 52.4% in the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of STAG Industrial during the 4th quarter worth approximately $109,000. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

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

STAG Industrial Stock Up 1.9 %

Shares of STAG opened at $35.43 on Thursday. The firm has a market cap of $6.61 billion, a P/E ratio of 34.07 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63. The firm’s 50-day simple moving average is $35.12 and its 200 day simple moving average is $36.13.

STAG Industrial (NYSE:STAG) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 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, analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

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

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

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.