BCO Wealth Management LLC Buys Shares of 6,200 STAG Industrial, Inc. (NYSE:STAG)

BCO Wealth Management LLC purchased a new position in shares of STAG Industrial, Inc. (NYSE:STAG) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 6,200 shares of the real estate investment trust’s stock, valued at approximately $210,000.

Several other hedge funds also recently made changes to their positions in the business. JPMorgan Chase & Co. boosted its holdings in STAG Industrial by 33.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,004,562 shares of the real estate investment trust’s stock worth $33,974,000 after purchasing an additional 251,992 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in STAG Industrial by 2.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 120,349 shares of the real estate investment trust’s stock valued at $4,017,000 after buying an additional 2,784 shares during the last quarter. FineMark National Bank & Trust lifted its position in STAG Industrial by 44.4% during the 4th quarter. FineMark National Bank & Trust now owns 151,358 shares of the real estate investment trust’s stock worth $5,119,000 after buying an additional 46,553 shares in the last quarter. Segall Bryant & Hamill LLC boosted its stake in shares of STAG Industrial by 0.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 1,102,124 shares of the real estate investment trust’s stock worth $37,274,000 after buying an additional 8,970 shares during the last quarter. Finally, Prudential Financial Inc. grew its holdings in shares of STAG Industrial by 19.3% in the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust’s stock valued at $61,203,000 after acquiring an additional 292,252 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on STAG. Barclays reduced their price target 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. Raymond James upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s 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 completion of the sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is owned by insiders.

STAG Industrial Trading Up 1.9 %

Shares of NYSE:STAG opened at $35.43 on Thursday. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The business has a 50 day moving average of $35.12 and a 200-day moving average of $36.13. 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 stock has a market cap of $6.61 billion, a PE ratio of 34.07 and a beta of 1.05.

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 (EPS) 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 research analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

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

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.