Proficio Capital Partners LLC Invests $470,000 in STAG Industrial, Inc. (NYSE:STAG)

Proficio Capital Partners LLC acquired a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) in the 4th quarter, HoldingsChannel reports. The institutional investor acquired 13,900 shares of the real estate investment trust’s stock, valued at approximately $470,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new position in STAG Industrial in the 4th quarter valued at $43,000. Hilltop National Bank boosted its stake 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 worth $101,000 after buying an additional 510 shares in the last quarter. Aew Capital Management L P increased its stake in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of STAG Industrial in the 4th quarter valued at about $109,000. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on STAG. Raymond James boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays cut their price target 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. Finally, Royal Bank of Canada lowered 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 research report on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial has an average rating of “Moderate Buy” and an average target price of $40.38.

Insider Activity

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

STAG Industrial Stock Up 1.4 %

Shares of NYSE STAG opened at $34.48 on Tuesday. The stock has a market capitalization of $6.44 billion, a P/E ratio of 33.16 and a beta of 1.05. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The firm’s 50 day simple moving average is $35.07 and its two-hundred day simple moving average is $36.17. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating 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%. As a group, analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business 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 represents a dividend yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is currently 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.