FineMark National Bank & Trust Raises Position in STAG Industrial, Inc. (NYSE:STAG)

FineMark National Bank & Trust grew its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 44.4% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 151,358 shares of the real estate investment trust’s stock after acquiring an additional 46,553 shares during the period. FineMark National Bank & Trust owned about 0.08% of STAG Industrial worth $5,119,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial during the fourth quarter valued at $43,000. Hilltop National Bank increased its stake in shares of STAG Industrial by 19.2% during the fourth 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 in the last quarter. Principal Securities Inc. lifted its holdings in shares of STAG Industrial by 20.7% during the fourth 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. Aew Capital Management L P boosted its position in shares of STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of STAG Industrial in the 4th quarter worth approximately $109,000. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on STAG shares. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Barclays reduced 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. Finally, Royal Bank of Canada dropped their target price on shares of 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Stock Up 1.4 %

Shares of STAG Industrial stock opened at $34.48 on Tuesday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a market cap of $6.44 billion, a price-to-earnings ratio of 33.16 and a beta of 1.05. The company’s 50 day moving average is $35.07 and its 200 day moving average is $36.17.

STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) 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%. Research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1242 per share. The ex-dividend date was Friday, February 28th. This represents a dividend yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is presently 143.27%.

Insider Transactions at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was 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 owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Company 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.