Moors & Cabot Inc. Boosts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Moors & Cabot Inc. boosted its stake in STAG Industrial, Inc. (NYSE:STAG) by 1.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 81,252 shares of the real estate investment trust’s stock after buying an additional 880 shares during the period. Moors & Cabot Inc.’s holdings in STAG Industrial were worth $2,748,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Cascade Financial Partners LLC purchased a new stake in STAG Industrial in the fourth quarter worth about $216,000. Wealthfront Advisers LLC purchased a new stake in STAG Industrial in the fourth quarter worth about $2,298,000. Channing Capital Management LLC lifted its holdings in STAG Industrial by 7.8% in the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock worth $76,421,000 after buying an additional 164,284 shares during the period. Johnson Investment Counsel Inc. lifted its holdings in STAG Industrial by 16.7% in the fourth quarter. Johnson Investment Counsel Inc. now owns 75,047 shares of the real estate investment trust’s stock worth $2,538,000 after buying an additional 10,750 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in STAG Industrial by 13.6% in the fourth quarter. Daiwa Securities Group Inc. now owns 275,473 shares of the real estate investment trust’s stock worth $9,316,000 after buying an additional 32,940 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on STAG. Barclays lowered their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Raymond James lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada lowered their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial presently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Trading Down 0.6 %

NYSE:STAG opened at $36.16 on Thursday. 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. The company has a market cap of $6.75 billion, a PE ratio of 34.76 and a beta of 1.05. The company has a 50 day simple moving average of $34.75 and a two-hundred day simple moving average of $36.49.

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

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders 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. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 4.25%. STAG Industrial’s payout ratio is presently 143.27%.

Insider Transactions at STAG Industrial

In related 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 owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by company insiders.

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.