Everhart Financial Group Inc. Buys 4,568 Shares of STAG Industrial, Inc. (NYSE:STAG)

Everhart Financial Group Inc. raised its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 35.0% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,604 shares of the real estate investment trust’s stock after purchasing an additional 4,568 shares during the period. Everhart Financial Group Inc.’s holdings in STAG Industrial were worth $635,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. &PARTNERS bought a new position in shares of STAG Industrial in the 2nd quarter valued at about $502,000. KG&L Capital Management LLC lifted its holdings in shares of STAG Industrial by 109.6% in the 2nd quarter. KG&L Capital Management LLC now owns 14,195 shares of the real estate investment trust’s stock valued at $512,000 after acquiring an additional 7,423 shares during the last quarter. Lecap Asset Management Ltd. bought a new position in shares of STAG Industrial in the 2nd quarter valued at about $625,000. Fifth Third Wealth Advisors LLC bought a new position in shares of STAG Industrial in the 2nd quarter valued at about $193,000. Finally, Hennion & Walsh Asset Management Inc. lifted its holdings in shares of STAG Industrial by 8.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 9,447 shares of the real estate investment trust’s stock valued at $341,000 after acquiring an additional 723 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several analysts have issued reports on STAG shares. BNP Paribas started coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price objective for the company. Barclays raised their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Finally, Wedbush raised their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $40.63.

STAG Industrial Trading Up 1.4 %

Shares of NYSE:STAG traded up $0.55 during trading on Friday, reaching $40.45. 729,013 shares of the company were exchanged, compared to its average volume of 1,104,537. The firm has a market capitalization of $7.37 billion, a PE ratio of 40.45, a P/E/G ratio of 4.07 and a beta of 1.09. The business’s fifty day simple moving average is $38.13 and its 200-day simple moving average is $37.08. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $41.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a dividend of $0.1233 per share. The ex-dividend date of this dividend was Wednesday, July 31st. This is a positive change from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 3.63%. STAG Industrial’s dividend payout ratio (DPR) is 148.00%.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the transaction, the director now directly owns 8,304 shares of the company’s stock, valued at $289,062.24. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Benjamin S. Butcher sold 30,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the transaction, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The disclosure for this sale can be found here. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Company Profile

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.