Integrated Advisors Network LLC Has $443,000 Stake in STAG Industrial, Inc. (NYSE:STAG)

Integrated Advisors Network LLC grew its holdings in STAG Industrial, Inc. (NYSE:STAG) by 5.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,271 shares of the real estate investment trust’s stock after purchasing an additional 598 shares during the quarter. Integrated Advisors Network LLC’s holdings in STAG Industrial were worth $443,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of STAG. Naples Global Advisors LLC boosted its holdings in STAG Industrial by 4.8% in the fourth quarter. Naples Global Advisors LLC now owns 14,605 shares of the real estate investment trust’s stock worth $496,000 after acquiring an additional 675 shares in the last quarter. Asset Management One Co. Ltd. boosted its holdings in shares of STAG Industrial by 2.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust’s stock worth $12,159,000 after buying an additional 8,259 shares during the last quarter. Blue Trust Inc. grew its position in shares of STAG Industrial by 23.7% during the 4th quarter. Blue Trust Inc. now owns 3,909 shares of the real estate investment trust’s stock valued at $132,000 after acquiring an additional 750 shares during the period. Rhumbline Advisers grew its holdings in STAG Industrial by 3.0% during the fourth quarter. Rhumbline Advisers now owns 529,046 shares of the real estate investment trust’s stock valued at $17,892,000 after purchasing an additional 15,198 shares during the period. Finally, Congress Asset Management Co. grew its stake in shares of 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 acquiring an additional 20,327 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Insider Activity

In other news, Director Benjamin S. Butcher sold 28,843 shares of the firm’s stock in a transaction on Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the transaction, the director now directly owns 7,115 shares in the company, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Royal Bank of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of STAG Industrial in a research note on Monday, May 19th. Robert W. Baird cut their price objective on STAG Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a report on Wednesday, May 7th. Finally, 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, May 7th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $39.71.

STAG Industrial Stock Down 0.8%

Shares of STAG Industrial stock opened at $36.34 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63. The company’s 50 day moving average price is $34.20 and its 200-day moving average price is $34.64. The stock has a market capitalization of $6.78 billion, a price-to-earnings ratio of 34.94 and a beta of 0.94.

STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. 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 prior year, the company posted $0.59 EPS. STAG Industrial’s quarterly revenue was up 9.7% compared to the same quarter last year. Equities research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Friday, May 30th. This represents a yield of 4.37%. STAG Industrial’s dividend payout ratio (DPR) is presently 112.03%.

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.