STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Vestcor Inc

Vestcor Inc lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 592.8% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,680 shares of the real estate investment trust’s stock after purchasing an additional 12,561 shares during the quarter. Vestcor Inc’s holdings in STAG Industrial were worth $496,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Oregon Public Employees Retirement Fund grew its stake in shares of STAG Industrial by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock worth $1,256,000 after purchasing an additional 300 shares during the period. Values First Advisors Inc. boosted its position in shares of STAG Industrial by 2.2% in the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after buying an additional 307 shares in the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in shares of STAG Industrial by 3.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 347 shares in the last quarter. Peak Financial Advisors LLC boosted its position in shares of STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 356 shares in the last quarter. Finally, Hilltop National Bank boosted its position in shares of STAG Industrial by 19.2% in 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 in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm’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 trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

NYSE:STAG opened at $35.47 on Monday. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The company’s 50-day moving average is $34.83 and its two-hundred day moving average is $36.39. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm has a market cap of $6.62 billion, a price-to-earnings ratio of 34.11 and a beta of 1.05.

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

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a dividend of $0.1242 per share. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is currently 143.27%.

Analysts Set New Price Targets

STAG has been the topic of several recent research reports. Royal Bank of Canada decreased their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Raymond James boosted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays decreased their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

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.