LPL Financial LLC Has $4.61 Million Position in STAG Industrial, Inc. (NYSE:STAG)

LPL Financial LLC boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 10.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 136,261 shares of the real estate investment trust’s stock after acquiring an additional 12,735 shares during the period. LPL Financial LLC’s holdings in STAG Industrial were worth $4,608,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in STAG. Benjamin Edwards Inc. grew its stake in shares of STAG Industrial by 142.3% during the third quarter. Benjamin Edwards Inc. now owns 5,937 shares of the real estate investment trust’s stock worth $232,000 after purchasing an additional 3,487 shares during the period. HighTower Advisors LLC grew its position in shares of STAG Industrial by 22.6% during the 3rd quarter. HighTower Advisors LLC now owns 13,620 shares of the real estate investment trust’s stock worth $537,000 after buying an additional 2,508 shares during the period. Stifel Financial Corp increased its stake in shares of STAG Industrial by 5.6% in the 3rd quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust’s stock valued at $2,044,000 after acquiring an additional 2,795 shares during the last quarter. Wolverine Trading LLC bought a new stake in shares of STAG Industrial in the 3rd quarter valued at about $202,000. Finally, Wellington Management Group LLP boosted its stake in STAG Industrial by 8.2% during the 3rd quarter. Wellington Management Group LLP now owns 103,440 shares of the real estate investment trust’s stock worth $4,043,000 after acquiring an additional 7,852 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have commented on STAG shares. Barclays lowered their target price 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. Raymond James upped their price objective 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. Finally, Royal Bank of Canada reduced 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $40.14.

STAG Industrial Trading Up 7.0 %

STAG opened at $32.18 on Thursday. The firm’s fifty day simple moving average is $34.94 and its 200 day simple moving average is $35.65. The stock has a market capitalization of $6.01 billion, a P/E ratio of 30.94 and a beta of 0.96. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data 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%. As a group, research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a $0.1242 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 4.25%. STAG Industrial’s dividend payout ratio (DPR) is 143.27%.

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.