WESPAC Advisors LLC Purchases 2,897 Shares of STAG Industrial, Inc. (NYSE:STAG)

WESPAC Advisors LLC lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 16.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 21,059 shares of the real estate investment trust’s stock after acquiring an additional 2,897 shares during the period. WESPAC Advisors LLC’s holdings in STAG Industrial were worth $712,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new position in STAG Industrial in the 4th quarter valued at approximately $43,000. Coastline Trust Co bought a new position in STAG Industrial in the 3rd quarter valued at approximately $55,000. Hilltop National Bank lifted its stake in 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 valued at $76,000 after purchasing an additional 362 shares during the last quarter. Principal Securities Inc. lifted its stake in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in STAG Industrial in the 4th quarter valued at approximately $109,000. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.1 %

STAG opened at $35.17 on Friday. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a fifty day moving average of $34.22 and a 200-day moving average of $36.80. The stock has a market cap of $6.56 billion, a PE ratio of 33.81 and a beta of 1.09.

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

STAG Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a $0.1242 dividend. This represents a yield of 4.25%. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date is Friday, February 28th. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Raymond James raised their price target 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. Barclays dropped their price target 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. Wells Fargo & Company dropped their price target on shares of 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. Finally, Royal Bank of Canada dropped their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, STAG Industrial presently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’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 sale, the director now directly 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 document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

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.