Wealth Enhancement Advisory Services LLC Grows Stock Holdings in Stag Industrial, Inc. (NYSE:STAG)

Wealth Enhancement Advisory Services LLC raised its position in shares of Stag Industrial, Inc. (NYSE:STAG) by 8.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,255 shares of the real estate investment trust’s stock after buying an additional 1,295 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in Stag Industrial were worth $587,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of STAG. FMR LLC raised its position in shares of Stag Industrial by 30.1% in the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock valued at $305,224,000 after purchasing an additional 2,088,839 shares during the last quarter. Earnest Partners LLC raised its position in shares of Stag Industrial by 6.6% in the 4th quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock valued at $128,361,000 after purchasing an additional 235,622 shares during the last quarter. Nuveen Asset Management LLC raised its position in shares of Stag Industrial by 5.9% in the 4th quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust’s stock valued at $124,445,000 after purchasing an additional 204,948 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Stag Industrial by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock valued at $115,748,000 after purchasing an additional 18,009 shares during the last quarter. Finally, Channing Capital Management LLC raised its position in shares of Stag Industrial by 7.8% in the 4th quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock valued at $76,421,000 after purchasing an additional 164,284 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial increased their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, Robert W. Baird decreased their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, Stag Industrial presently has a consensus rating of “Hold” and a consensus target price of $39.71.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 28,843 shares of the 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 owned 7,115 shares in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $36.95 on Friday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63. The company’s 50 day moving average is $35.45 and its 200 day moving average is $34.66. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.90 billion, a PE ratio of 27.78 and a beta of 0.93.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The company had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the prior year, the company earned $0.59 EPS. Stag Industrial’s quarterly revenue was up 9.7% on a year-over-year basis. On average, sell-side analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

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

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.