Oppenheimer Asset Management Inc. Raises Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Oppenheimer Asset Management Inc. increased its stake in STAG Industrial, Inc. (NYSE:STAG) by 10.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 95,619 shares of the real estate investment trust’s stock after purchasing an additional 8,719 shares during the period. Oppenheimer Asset Management Inc. owned approximately 0.05% of STAG Industrial worth $3,234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. FMR LLC lifted its stake in STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Bank of Montreal Can lifted its position in STAG Industrial by 330.5% in the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock worth $52,823,000 after buying an additional 1,033,485 shares during the last quarter. Westfield Capital Management Co. LP boosted its stake in STAG Industrial by 36.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after buying an additional 442,618 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares during the last quarter. Finally, Heitman Real Estate Securities LLC grew its position in STAG Industrial by 19.8% during the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock valued at $41,588,000 after acquiring an additional 175,993 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Stock Up 1.0 %

NYSE STAG opened at $36.01 on Friday. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The stock has a market capitalization of $6.72 billion, a PE ratio of 34.62 and a beta of 1.09. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The business’s 50-day moving average is $34.34 and its 200 day moving average is $36.67.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping 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%. Sell-side analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

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

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred 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 sale, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on STAG. Barclays cut their price objective on shares of 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. Raymond James boosted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada reduced their price objective 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. Finally, Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

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.