Private Advisor Group LLC raised its position in shares of Stag Industrial Inc (NYSE:STAG) by 29.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,578 shares of the real estate investment trust’s stock after purchasing an additional 2,163 shares during the quarter. Private Advisor Group LLC’s holdings in Stag Industrial were worth $238,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in STAG. Private Capital Group LLC grew its stake in shares of Stag Industrial by 242.9% during the 4th quarter. Private Capital Group LLC now owns 1,728 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,224 shares during the period. Athena Capital Advisors LLC bought a new position in shares of Stag Industrial during the 4th quarter valued at approximately $50,000. Oppenheimer Asset Management Inc. bought a new position in shares of Stag Industrial during the 4th quarter valued at approximately $55,000. Point72 Hong Kong Ltd grew its stake in shares of Stag Industrial by 161.6% during the 3rd quarter. Point72 Hong Kong Ltd now owns 3,922 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 2,423 shares during the period. Finally, Loeb Partners Corp bought a new position in shares of Stag Industrial during the 4th quarter valued at approximately $144,000. Institutional investors and hedge funds own 85.09% of the company’s stock.

STAG has been the subject of a number of recent research reports. Zacks Investment Research downgraded Stag Industrial from a “hold” rating to a “sell” rating in a research note on Thursday, January 17th. JMP Securities reiterated an “outperform” rating on shares of Stag Industrial in a research note on Wednesday, January 2nd. ValuEngine upgraded Stag Industrial from a “hold” rating to a “buy” rating in a research note on Friday, February 8th. LADENBURG THALM/SH SH upped their price target on Stag Industrial from $31.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, February 20th. Finally, DA Davidson dropped their price target on Stag Industrial to $27.00 and set a “neutral” rating for the company in a research note on Tuesday, January 1st. One analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. Stag Industrial has an average rating of “Hold” and a consensus target price of $27.92.

In other news, COO Stephen C. Mecke sold 50,000 shares of the company’s stock in a transaction that occurred on Monday, January 7th. The stock was sold at an average price of $24.45, for a total transaction of $1,222,500.00. Following the sale, the chief operating officer now directly owns 15,452 shares of the company’s stock, valued at approximately $377,801.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Benjamin S. Butcher sold 90,000 shares of the company’s stock in a transaction that occurred on Friday, January 4th. The stock was sold at an average price of $24.28, for a total value of $2,185,200.00. Following the sale, the chief executive officer now directly owns 162,088 shares in the company, valued at $3,935,496.64. The disclosure for this sale can be found here. Insiders sold a total of 252,334 shares of company stock valued at $6,138,541 over the last 90 days. 1.70% of the stock is currently owned by corporate insiders.

STAG stock opened at $28.52 on Friday. Stag Industrial Inc has a 1-year low of $23.00 and a 1-year high of $29.07. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $3.21 billion, a price-to-earnings ratio of 15.93, a price-to-earnings-growth ratio of 3.06 and a beta of 1.07.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.01. Stag Industrial had a return on equity of 6.16% and a net margin of 24.98%. The business had revenue of $93.29 million during the quarter, compared to the consensus estimate of $91.61 million. During the same period in the prior year, the company posted $0.44 EPS. The firm’s revenue for the quarter was up 14.8% compared to the same quarter last year. On average, sell-side analysts expect that Stag Industrial Inc will post 1.85 EPS for the current fiscal year.

The firm also recently declared a monthly dividend, which was paid on Friday, March 15th. Shareholders of record on Thursday, February 28th were paid a $0.1192 dividend. The ex-dividend date was Wednesday, February 27th. This represents a $1.43 annualized dividend and a yield of 5.01%. Stag Industrial’s payout ratio is 79.89%.

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Stag Industrial Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

Further Reading: Average Daily Trade Volume Explained

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Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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