Oppenheimer & Co. Inc. Has $5.21 Million Position in STAG Industrial, Inc. (NYSE:STAG)

Oppenheimer & Co. Inc. lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 153,946 shares of the real estate investment trust’s stock after acquiring an additional 903 shares during the period. Oppenheimer & Co. Inc. owned 0.08% of STAG Industrial worth $5,206,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of STAG. Sugar Maple Asset Management LLC bought a new stake in STAG Industrial during the 4th quarter valued at $43,000. Coastline Trust Co bought a new stake in STAG Industrial during the 3rd quarter valued at $55,000. Hilltop National Bank increased its stake in STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. increased its stake in STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in STAG Industrial during the 4th quarter valued at $109,000. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on STAG. Wells Fargo & Company reduced their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Royal Bank of Canada reduced their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Barclays reduced their target price 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, Raymond James upped their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial currently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares of the company’s stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

STAG opened at $36.01 on Friday. The firm has a market cap of $6.72 billion, a P/E ratio of 34.62 and a beta of 1.09. The firm has a 50-day moving average of $34.34 and a 200 day moving average of $36.69. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. On average, research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be issued a dividend of $0.1242 per share. The ex-dividend date is Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 4.25%. STAG Industrial’s dividend payout ratio is 143.27%.

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.