Venturi Wealth Management LLC Makes New $109,000 Investment in STAG Industrial, Inc. (NYSE:STAG)

Venturi Wealth Management LLC bought a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,235 shares of the real estate investment trust’s stock, valued at approximately $109,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Values First Advisors Inc. raised its holdings in shares of STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 307 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in STAG Industrial by 3.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 347 shares during the period. Peak Financial Advisors LLC lifted its holdings in STAG Industrial by 3.0% in the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after acquiring an additional 356 shares during the last quarter. Hilltop National Bank boosted its stake in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 362 shares during the period. Finally, State of Alaska Department of Revenue boosted its position in STAG Industrial by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock valued at $4,204,000 after purchasing an additional 390 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

STAG stock opened at $35.17 on Monday. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The firm has a 50-day moving average of $34.22 and a two-hundred day moving average of $36.78. The firm has a market capitalization of $6.56 billion, a PE ratio of 33.81 and a beta of 1.09. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, 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 will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.1242 per share. This represents a yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. STAG Industrial’s payout ratio is presently 143.27%.

Analyst Ratings Changes

STAG has been the topic of a number of recent analyst reports. Wells Fargo & Company cut their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Finally, Raymond James lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Company 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.