AE Wealth Management LLC Takes $388,000 Position in Stag Industrial, Inc. (NYSE:STAG)

AE Wealth Management LLC acquired a new stake in shares of Stag Industrial, Inc. (NYSE:STAG) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 10,743 shares of the real estate investment trust’s stock, valued at approximately $388,000.

Several other institutional investors have also added to or reduced their stakes in the business. Versant Capital Management Inc increased its stake in shares of Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 506 shares in the last quarter. Tsfg LLC purchased a new position in shares of Stag Industrial in the 1st quarter worth $32,000. Garde Capital Inc. bought a new stake in shares of Stag Industrial in the 1st quarter worth about $33,000. Proathlete Wealth Management LLC bought a new stake in shares of Stag Industrial in the 1st quarter worth about $47,000. Finally, Quarry LP bought a new stake in shares of Stag Industrial in the 4th quarter worth about $62,000. 88.67% of the stock is currently owned by institutional investors.

Stag Industrial Stock Performance

STAG opened at $34.92 on Thursday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a fifty day moving average price of $35.98 and a 200 day moving average price of $34.93. The stock has a market cap of $6.52 billion, a P/E ratio of 27.50 and a beta of 0.93. Stag Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63.

Stag Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.73%. The company had revenue of $207.44 million during the quarter, compared to analysts’ expectations of $206.37 million. During the same period in the prior year, the business posted $0.61 earnings per share. The firm’s revenue for the quarter was up 9.4% on a year-over-year basis. Equities research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be issued a $0.1242 dividend. This represents a dividend yield of 4.22%. The ex-dividend date is Thursday, July 31st. Stag Industrial’s dividend payout ratio is currently 112.03%.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of research analyst reports. Royal Bank Of Canada reiterated a “sector perform” rating and set a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Robert W. Baird cut their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Raymond James Financial boosted their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Finally, Evercore ISI lifted their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $39.14.

Insider Activity

In related news, Director Benjamin S. Butcher sold 28,843 shares of the company’s stock in a transaction dated 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 completion of the sale, the director owned 7,115 shares of the company’s stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 1.10% of the company’s stock.

Stag Industrial Company 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.