Coppell Advisory Solutions Corp. Acquires Shares of 18,466 STAG Industrial, Inc. (NYSE:STAG)

Coppell Advisory Solutions Corp. acquired a new stake in STAG Industrial, Inc. (NYSE:STAG) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 18,466 shares of the real estate investment trust’s stock, valued at approximately $710,000.

Several other institutional investors also recently bought and sold shares of the company. J.Safra Asset Management Corp grew its stake in shares of STAG Industrial by 708.5% during the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 581 shares during the period. Spire Wealth Management grew its stake in STAG Industrial by 124.1% in the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 381 shares during the last quarter. Fidelis Capital Partners LLC acquired a new stake in STAG Industrial in the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC acquired a new stake in STAG Industrial in the 4th quarter valued at about $31,000. Finally, ICA Group Wealth Management LLC acquired a new stake in STAG Industrial in the 4th quarter valued at about $38,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on STAG shares. BNP Paribas started coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price objective on the stock. Barclays lowered their price objective on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Wedbush upgraded shares of STAG Industrial from a “neutral” rating to an “outperform” rating and upped their target price for the company from $38.00 to $44.00 in a report on Monday, July 22nd. Finally, BMO Capital Markets restated an “outperform” rating and issued a $42.00 target price (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Seven analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, STAG Industrial has a consensus rating of “Hold” and a consensus price target of $39.50.

STAG Industrial Stock Up 0.4 %

Shares of STAG traded up $0.16 during trading hours on Thursday, reaching $40.97. The company’s stock had a trading volume of 202,405 shares, compared to its average volume of 1,125,680. The firm has a market cap of $7.46 billion, a price-to-earnings ratio of 41.01, a P/E/G ratio of 5.76 and a beta of 1.09. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $41.63. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78. The company has a 50 day moving average of $36.43 and a two-hundred day moving average of $36.82.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st will be given a $0.1233 dividend. This represents a dividend yield of 3.63%. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend is Wednesday, July 31st. STAG Industrial’s dividend payout ratio is currently 148.00%.

Insider Activity

In related news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the completion of the transaction, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.