1,701,996 Shares in STAG Industrial, Inc. (NYSE:STAG) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,701,996 shares of the real estate investment trust’s stock, valued at approximately $57,561,000. Raymond James Financial Inc. owned about 0.93% of STAG Industrial as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Point72 DIFC Ltd acquired a new stake in STAG Industrial during the third quarter worth approximately $717,000. Geode Capital Management LLC boosted 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 purchasing an additional 21,925 shares during the last quarter. BNP Paribas Financial Markets boosted 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 purchasing an additional 83,296 shares during the last quarter. Los Angeles Capital Management LLC boosted its holdings in shares of STAG Industrial by 314.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after purchasing an additional 110,410 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted 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 purchasing an additional 21,764 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on STAG shares. Royal Bank of Canada decreased their price target 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. Raymond James lifted 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. Finally, Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, STAG Industrial has a consensus rating of “Moderate Buy” and an average target price of $40.38.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction dated 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 owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

STAG Industrial Stock Performance

NYSE:STAG opened at $36.83 on Tuesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 35.41 and a beta of 1.05. The firm’s fifty day simple moving average is $34.65 and its 200 day simple moving average is $36.52. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63.

STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) 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%. As a group, 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. Investors of record on Monday, March 3rd will be paid a dividend of $0.1242 per share. This is an increase from STAG Industrial’s previous dividend of $0.12. The ex-dividend date is Friday, February 28th. This represents a yield of 4.25%. STAG Industrial’s payout ratio 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.