Claro Advisors LLC Purchases 352 Shares of STAG Industrial, Inc. (NYSE:STAG)

Claro Advisors LLC lifted its stake in STAG Industrial, Inc. (NYSE:STAGFree Report) by 5.8% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,433 shares of the real estate investment trust’s stock after acquiring an additional 352 shares during the quarter. Claro Advisors LLC’s holdings in STAG Industrial were worth $247,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in STAG. Hennion & Walsh Asset Management Inc. lifted its holdings in STAG Industrial by 37.5% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 8,724 shares of the real estate investment trust’s stock valued at $335,000 after purchasing an additional 2,379 shares in the last quarter. Vert Asset Management LLC grew its holdings in shares of STAG Industrial by 3.2% in the first quarter. Vert Asset Management LLC now owns 73,967 shares of the real estate investment trust’s stock worth $2,843,000 after purchasing an additional 2,272 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of STAG Industrial by 32.6% in the first quarter. Sound Income Strategies LLC now owns 1,808 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 445 shares during the last quarter. Hazelview Securities Inc. purchased a new stake in STAG Industrial in the first quarter worth about $83,000. Finally, Retirement Planning Group LLC purchased a new stake in STAG Industrial in the first quarter worth about $2,548,000. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities analysts recently commented on STAG shares. Barclays decreased their price objective on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. BMO Capital Markets reiterated an “outperform” rating and set a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Finally, BNP Paribas initiated coverage on STAG Industrial in a research report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective for the company. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, STAG Industrial presently has an average rating of “Hold” and a consensus price target of $39.00.

Check Out Our Latest Research Report on STAG

STAG Industrial Stock Performance

NYSE STAG opened at $35.62 on Tuesday. The firm has a market capitalization of $6.49 billion, a P/E ratio of 35.62, a P/E/G ratio of 5.10 and a beta of 1.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.75. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The business’s 50-day simple moving average is $35.24 and its 200-day simple moving average is $36.93.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.1233 per share. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.15%. STAG Industrial’s dividend payout ratio is presently 148.00%.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the transaction, the director now owns 8,304 shares in the company, valued at approximately $289,062.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

About STAG Industrial

(Free Report)

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.

Further Reading

Want to see what other hedge funds are holding STAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STAG Industrial, Inc. (NYSE:STAGFree Report).

Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

Receive News & Ratings for STAG Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STAG Industrial and related companies with MarketBeat.com's FREE daily email newsletter.