Aster Capital Management DIFC Ltd Raises Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Aster Capital Management DIFC Ltd boosted its stake in STAG Industrial, Inc. (NYSE:STAG) by 146.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,520 shares of the real estate investment trust’s stock after purchasing an additional 22,294 shares during the quarter. Aster Capital Management DIFC Ltd’s holdings in STAG Industrial were worth $1,269,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of STAG. Wedbush Securities Inc. purchased a new position in shares of STAG Industrial in the 4th quarter worth about $210,000. Envestnet Asset Management Inc. boosted its stake in STAG Industrial by 4.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 480,590 shares of the real estate investment trust’s stock worth $16,254,000 after buying an additional 19,144 shares in the last quarter. Resona Asset Management Co. Ltd. purchased a new stake in STAG Industrial in the fourth quarter worth approximately $2,461,000. Pitcairn Co. grew its position in STAG Industrial by 7.7% during the fourth quarter. Pitcairn Co. now owns 14,410 shares of the real estate investment trust’s stock valued at $487,000 after acquiring an additional 1,031 shares during the last quarter. Finally, Motley Fool Asset Management LLC raised its stake in shares of STAG Industrial by 10.3% during the fourth quarter. Motley Fool Asset Management LLC now owns 59,012 shares of the real estate investment trust’s stock worth $1,996,000 after acquiring an additional 5,496 shares in the last quarter. 88.67% of the stock is currently owned by 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 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 completion of the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

STAG Industrial Price Performance

STAG stock opened at $32.88 on Friday. The stock has a market capitalization of $6.14 billion, a price-to-earnings ratio of 31.62 and a beta of 1.05. The firm’s 50-day moving average price is $35.25 and its two-hundred day moving average price is $35.92. 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, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating 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%. As a group, equities analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

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

Wall Street Analyst Weigh In

STAG has been the topic of several recent research reports. Barclays reduced their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. 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, Raymond James lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, STAG Industrial currently has a consensus rating of “Moderate Buy” and a consensus price target 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.