Commonwealth Equity Services LLC Boosts Stake in STAG Industrial, Inc. (NYSE:STAG)

Commonwealth Equity Services LLC increased its position in STAG Industrial, Inc. (NYSE:STAG – Get Rating) by 1.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 97,579 shares of the real estate investment trust’s stock after purchasing an additional 1,182 shares during the quarter. Commonwealth Equity Services LLC owned approximately 0.05% of STAG Industrial worth $2,774,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in STAG. SRS Capital Advisors Inc. lifted its position in STAG Industrial by 2,252.3% during the second quarter. SRS Capital Advisors Inc. now owns 1,035 shares of the real estate investment trust’s stock valued at $32,000 after buying an additional 991 shares during the period. Bessemer Group Inc. boosted its stake in STAG Industrial by 43.7% during the third quarter. Bessemer Group Inc. now owns 312,724 shares of the real estate investment trust’s stock worth $8,891,000 after acquiring an additional 95,113 shares in the last quarter. IFP Advisors Inc grew its holdings in STAG Industrial by 87.7% in the third quarter. IFP Advisors Inc now owns 3,457 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 1,615 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of STAG Industrial during the second quarter valued at approximately $320,000. Finally, Northern Oak Wealth Management Inc. lifted its holdings in shares of STAG Industrial by 165.3% during the second quarter. Northern Oak Wealth Management Inc. now owns 2,043 shares of the real estate investment trust’s stock valued at $63,000 after purchasing an additional 1,273 shares during the last quarter. 85.21% of the stock is currently owned by institutional investors.

STAG Industrial Stock Performance

Shares of NYSE STAG opened at $31.37 on Friday. The firm’s 50-day moving average price is $34.57 and its 200-day moving average price is $32.34. STAG Industrial, Inc. has a 52-week low of $26.56 and a 52-week high of $42.49. The company has a market cap of $5.63 billion, a PE ratio of 31.37, a PEG ratio of 4.94 and a beta of 1.01. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.72.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, April 17th. Investors of record on Friday, March 31st will be issued a $0.1225 dividend. This represents a $1.47 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Thursday, March 30th. STAG Industrial’s dividend payout ratio is currently 147.00%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on STAG shares. TheStreet raised STAG Industrial from a “c+” rating to a “b” rating in a research report on Wednesday, November 23rd. Wells Fargo & Company lowered STAG Industrial from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $36.00 to $34.00 in a research report on Tuesday, November 22nd. JPMorgan Chase & Co. raised their price objective on shares of STAG Industrial from $34.00 to $36.00 and gave the company a “neutral” rating in a research note on Thursday, February 23rd. Finally, BMO Capital Markets started coverage on shares of STAG Industrial in a report on Monday, February 6th. They issued an “outperform” rating and a $41.00 target price for the company. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, STAG Industrial currently has an average rating of “Moderate Buy” and an average target price of $37.83.

Insiders Place Their Bets

In other news, insider Benjamin S. Butcher sold 19,923 shares of the stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $34.69, for a total transaction of $691,128.87. Following the transaction, the insider now directly owns 7,088 shares of the company’s stock, valued at approximately $245,882.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.20% of the stock is currently owned by insiders.

STAG Industrial Profile

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STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.