Wealthcare Advisory Partners LLC Makes New $206,000 Investment in STAG Industrial, Inc. (NYSE:STAG)

Wealthcare Advisory Partners LLC acquired a new stake in STAG Industrial, Inc. (NYSE:STAG) in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 5,713 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Asset Management One Co. Ltd. raised its holdings in STAG Industrial by 2.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust’s stock valued at $12,159,000 after acquiring an additional 8,259 shares in the last quarter. Blue Trust Inc. raised its stake in shares of STAG Industrial by 23.7% in the fourth quarter. Blue Trust Inc. now owns 3,909 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 750 shares in the last quarter. Rhumbline Advisers raised its stake in shares of STAG Industrial by 3.0% in the fourth quarter. Rhumbline Advisers now owns 529,046 shares of the real estate investment trust’s stock valued at $17,892,000 after purchasing an additional 15,198 shares in the last quarter. Congress Asset Management Co. lifted its position in STAG Industrial by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock worth $7,472,000 after purchasing an additional 20,327 shares during the period. Finally, Principal Securities Inc. boosted its stake in STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 510 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Raymond James raised their price objective on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Robert W. Baird decreased their price objective on STAG Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of STAG Industrial in a research note on Monday, May 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, STAG Industrial presently has a consensus rating of “Hold” and an average price target of $39.71.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 28,843 shares of the business’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director now owns 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.10% of the company’s stock.

STAG Industrial Trading Down 0.8%

STAG stock opened at $36.34 on Monday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 34.94 and a beta of 0.94. The business has a fifty day moving average price of $34.20 and a 200 day moving average price of $34.60. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63.

STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The business had revenue of $205.57 million during the quarter, compared to analysts’ expectations of $202.04 million. During the same period in the previous year, the business posted $0.59 earnings per share. The firm’s revenue for the quarter was up 9.7% compared to the same quarter last year. Analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The business also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be given a $0.1242 dividend. This represents a yield of 4.37%. The ex-dividend date is Friday, May 30th. STAG Industrial’s dividend payout ratio (DPR) is presently 112.03%.

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.