6,751 Shares in STAG Industrial, Inc. (NYSE:STAG) Acquired by Aptus Capital Advisors LLC

Aptus Capital Advisors LLC purchased a new stake in STAG Industrial, Inc. (NYSE:STAG) during the fourth quarter, HoldingsChannel.com reports. The firm purchased 6,751 shares of the real estate investment trust’s stock, valued at approximately $229,000.

Several other institutional investors also recently made changes to their positions in the stock. Swiss National Bank grew its position in STAG Industrial by 0.8% during the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock valued at $12,114,000 after acquiring an additional 2,800 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of STAG Industrial during the 4th quarter worth about $1,276,000. Congress Asset Management Co. increased its position in STAG Industrial by 10.1% during the 4th quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock worth $7,472,000 after purchasing an additional 20,327 shares in the last quarter. Asset Management One Co. Ltd. raised its holdings in STAG Industrial by 2.4% in the fourth quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust’s stock valued at $12,159,000 after buying an additional 8,259 shares during the period. Finally, US Bancorp DE lifted its position in STAG Industrial by 1.5% during the fourth quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust’s stock valued at $917,000 after buying an additional 402 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial 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 $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. 1.10% of the stock is owned by corporate insiders.

STAG Industrial Price Performance

Shares of NYSE STAG opened at $34.60 on Friday. 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 fifty-two week low of $28.61 and a fifty-two week high of $41.63. The business has a 50 day moving average price of $33.94 and a two-hundred day moving average price of $34.87. The firm has a market cap of $6.46 billion, a PE ratio of 33.27 and a beta of 0.93.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.60 by $0.01. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The business had revenue of $205.57 million during the quarter, compared to analyst estimates of $202.04 million. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business’s revenue was up 9.7% compared to the same quarter last year. Sell-side analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.31%. STAG Industrial’s dividend payout ratio (DPR) is 112.03%.

Analyst Ratings Changes

A number of equities analysts have recently commented on STAG shares. Robert W. Baird cut their target price on shares of STAG Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday. Barclays cut their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Raymond James increased their target price on STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday. Finally, Royal Bank of Canada dropped their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $39.63.

About STAG Industrial

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.