Wealthfront Advisers LLC Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

Wealthfront Advisers LLC acquired a new position in STAG Industrial, Inc. (NYSE:STAG) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 67,943 shares of the real estate investment trust’s stock, valued at approximately $2,298,000.

A number of other hedge funds also recently modified their holdings of STAG. Sugar Maple Asset Management LLC bought a new stake in shares of STAG Industrial in the 4th quarter worth approximately $43,000. Coastline Trust Co bought a new position in shares of STAG Industrial during the 3rd quarter worth approximately $55,000. Hilltop National Bank lifted its position in shares of STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 362 shares during the period. Principal Securities Inc. lifted its position in shares of STAG Industrial by 20.7% during the 4th 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 during the period. Finally, Aew Capital Management L P lifted its position in shares of STAG Industrial by 52.4% during the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 1,100 shares during the period. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

STAG has been the subject of several analyst reports. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research 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 for the company in a research report on Tuesday, January 28th. Finally, Raymond James raised their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $40.38.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.10% of the company’s stock.

STAG Industrial Trading Up 1.4 %

STAG stock opened at $35.47 on Friday. The business has a fifty day moving average price of $34.83 and a 200 day moving average price of $36.44. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The stock has a market capitalization of $6.62 billion, a price-to-earnings ratio of 34.11 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.

STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.1242 dividend. This is a boost from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 4.25%. The ex-dividend date is Friday, February 28th. STAG Industrial’s dividend payout ratio (DPR) is 143.27%.

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.