Commonwealth Equity Services LLC Purchases 1,933 Shares of STAG Industrial, Inc. (NYSE:STAG)

Commonwealth Equity Services LLC increased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 2.1% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 94,831 shares of the real estate investment trust’s stock after acquiring an additional 1,933 shares during the period. Commonwealth Equity Services LLC owned about 0.05% of STAG Industrial worth $3,207,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Russell Investments Group Ltd. increased its stake in shares of STAG Industrial by 14.3% in the first quarter. Russell Investments Group Ltd. now owns 614,021 shares of the real estate investment trust’s stock valued at $20,766,000 after buying an additional 76,753 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in STAG Industrial by 3.1% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,852 shares of the real estate investment trust’s stock valued at $2,904,000 after acquiring an additional 2,548 shares during the period. Y Intercept Hong Kong Ltd bought a new position in shares of STAG Industrial during the first quarter valued at $357,000. Teacher Retirement System of Texas lifted its holdings in shares of STAG Industrial by 10.6% during the fourth quarter. Teacher Retirement System of Texas now owns 80,626 shares of the real estate investment trust’s stock worth $2,605,000 after purchasing an additional 7,749 shares during the period. Finally, Bailard Inc. bought a new position in STAG Industrial during the 1st quarter worth $350,000. Institutional investors and hedge funds own 88.68% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the subject of a number of analyst reports. Wells Fargo & Company raised their price objective on STAG Industrial from $33.00 to $37.00 and gave the stock an “equal weight” rating in a research report on Monday, August 7th. Royal Bank of Canada restated an “outperform” rating and issued a $42.00 price target on shares of STAG Industrial in a research report on Thursday, August 17th. StockNews.com assumed coverage on shares of STAG Industrial in a research report on Thursday, August 17th. They set a “hold” rating for the company. Citigroup boosted their target price on shares of STAG Industrial from $33.00 to $37.00 and gave the company a “neutral” rating in a report on Friday, August 11th. Finally, Raymond James increased their price target on STAG Industrial from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, STAG Industrial currently has a consensus rating of “Moderate Buy” and an average price target of $38.43.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $36.47, for a total value of $1,094,100.00. Following the completion of the sale, the director now owns 7,088 shares of the company’s stock, valued at $258,499.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

STAG Industrial Trading Up 1.0 %

STAG opened at $36.88 on Tuesday. The company has a fifty day moving average price of $36.42 and a two-hundred day moving average price of $34.91. STAG Industrial, Inc. has a 1-year low of $26.56 and a 1-year high of $38.83. The company has a market cap of $6.63 billion, a P/E ratio of 33.83, a price-to-earnings-growth ratio of 5.21 and a beta of 1.00. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 0.71.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be given a $0.1225 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Thursday, September 28th. STAG Industrial’s payout ratio is 134.86%.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.