Proficio Capital Partners LLC Purchases New Stake in STAG Industrial, Inc. (NYSE:STAG)

Proficio Capital Partners LLC purchased a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 13,900 shares of the real estate investment trust’s stock, valued at approximately $470,000.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC boosted its position in shares of STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after buying an additional 4,111,268 shares during the last quarter. Bank of Montreal Can lifted its stake in STAG Industrial by 330.5% during the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock valued at $52,823,000 after acquiring an additional 1,033,485 shares in the last quarter. Westfield Capital Management Co. LP boosted its holdings in STAG Industrial by 36.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after acquiring an additional 442,618 shares during the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of STAG Industrial by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after acquiring an additional 227,629 shares in the last quarter. Finally, Heitman Real Estate Securities LLC raised its holdings in shares of STAG Industrial by 19.8% in the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock valued at $41,588,000 after purchasing an additional 175,993 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the topic of several analyst reports. Royal Bank of Canada cut 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. Barclays cut their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Raymond James upped their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, STAG Industrial has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Stock Up 1.4 %

STAG Industrial stock opened at $34.48 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.44 billion, a P/E ratio of 33.16 and a beta of 1.05. The firm has a 50 day moving average price of $35.07 and a 200-day moving average price of $36.17. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. As a group, equities analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.1242 dividend. This is a boost from STAG Industrial’s previous dividend of $0.12. This represents a yield of 4.25%. The ex-dividend date was Friday, February 28th. STAG Industrial’s payout ratio is currently 143.27%.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

About STAG Industrial

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.