STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Naples Global Advisors LLC

Naples Global Advisors LLC boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 14,605 shares of the real estate investment trust’s stock after purchasing an additional 675 shares during the period. Naples Global Advisors LLC’s holdings in STAG Industrial were worth $496,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in shares of STAG Industrial during the 4th quarter valued at about $43,000. Coastline Trust Co purchased a new position in STAG Industrial during the third quarter valued at approximately $55,000. GAMMA Investing LLC raised its position in STAG Industrial by 72.7% during the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 659 shares in the last quarter. Hilltop National Bank boosted its position 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 worth $76,000 after purchasing an additional 362 shares in the last quarter. Finally, Signaturefd LLC grew its stake in shares of STAG Industrial by 27.0% during the 3rd quarter. Signaturefd LLC now owns 2,995 shares of the real estate investment trust’s stock worth $117,000 after purchasing an additional 636 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts recently issued reports on the stock. Wells Fargo & Company lowered their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Barclays decreased 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 report on Tuesday, January 28th. 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 research report on Monday, January 27th. Finally, Raymond James upped their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, STAG Industrial has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Trading Up 0.8 %

STAG stock opened at $35.34 on Friday. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The business’s 50-day moving average is $34.33 and its 200 day moving average is $37.03. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6.44 billion, a price-to-earnings ratio of 35.69 and a beta of 1.09.

STAG Industrial (NYSE:STAG) last issued 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 5.27% and a net margin of 23.94%. On average, sell-side analysts anticipate that STAG Industrial, Inc. will post 2.41 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is 150.51%.

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.