Janney Montgomery Scott LLC Boosts Stake in Stag Industrial, Inc. (NYSE:STAG)

Janney Montgomery Scott LLC boosted its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,711 shares of the real estate investment trust’s stock after buying an additional 571 shares during the period. Janney Montgomery Scott LLC’s holdings in Stag Industrial were worth $459,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank boosted its position in shares of Stag Industrial by 0.8% during the 4th 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 last quarter. KLP Kapitalforvaltning AS bought a new position in Stag Industrial during the fourth quarter valued at $1,276,000. US Bancorp DE grew its stake in shares of Stag Industrial by 1.5% in the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust’s stock worth $917,000 after buying an additional 402 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in shares of Stag Industrial in the 4th quarter worth about $470,000. Finally, Steward Partners Investment Advisory LLC increased its holdings in shares of Stag Industrial by 28.8% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,306 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 1,187 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on the company. Raymond James Financial lifted their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Robert W. Baird dropped their target price 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, Royal Bank Of Canada reissued a “sector perform” rating and set a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.71.

Stag Industrial Trading Up 0.8%

Shares of Stag Industrial stock opened at $36.95 on Friday. The firm has a 50-day simple moving average of $35.37 and a two-hundred day simple moving average of $34.65. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. Stag Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The company has a market cap of $6.90 billion, a P/E ratio of 27.78 and a beta of 0.93.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The company’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the firm posted $0.59 earnings per share. As a group, equities analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently announced a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were issued a dividend of $0.1242 per share. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, May 30th. Stag Industrial’s payout ratio is 112.03%.

Insider Activity at Stag Industrial

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the firm’s stock in a transaction that occurred on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the transaction, the director directly owned 7,115 shares of the company’s stock, valued at $262,543.50. This trade represents a 80.21% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

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.