J.Safra Asset Management Corp Purchases 1,994 Shares of STAG Industrial, Inc. (NYSE:STAG)

J.Safra Asset Management Corp lifted its position in STAG Industrial, Inc. (NYSE:STAG) by 79.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,497 shares of the real estate investment trust’s stock after acquiring an additional 1,994 shares during the quarter. J.Safra Asset Management Corp’s holdings in STAG Industrial were worth $152,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Sugar Maple Asset Management LLC bought a new stake in shares of STAG Industrial in the 4th quarter worth $43,000. Coastline Trust Co bought a new position in STAG Industrial during the third quarter valued at about $55,000. Hilltop National Bank grew its position in 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 buying an additional 362 shares during the period. Principal Securities Inc. grew its position in 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 buying an additional 510 shares during the period. Finally, Aew Capital Management L P grew its position in STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 1,100 shares during the period. Institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

STAG has been the subject of several research reports. Raymond James increased their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada dropped their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, Barclays dropped their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Stock Up 3.1 %

Shares of STAG Industrial stock opened at $37.14 on Thursday. 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 $32.27 and a 52-week high of $41.63. The stock has a market capitalization of $6.93 billion, a price-to-earnings ratio of 35.71 and a beta of 1.09. The company’s 50 day moving average price is $34.42 and its 200-day moving average price is $36.60.

STAG Industrial (NYSE:STAG) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Equities research analysts forecast 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 will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a $0.1242 dividend. This is a positive change from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. This represents a yield of 4.25%. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

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.