New Age Alpha Advisors LLC Purchases Shares of 127,657 STAG Industrial, Inc. (NYSE:STAG)

New Age Alpha Advisors LLC acquired a new position in shares of STAG Industrial, Inc. (NYSE:STAG) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 127,657 shares of the real estate investment trust’s stock, valued at approximately $4,317,000. New Age Alpha Advisors LLC owned approximately 0.07% of STAG Industrial at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Norges Bank acquired a new stake in STAG Industrial in the 4th quarter valued at $75,471,000. BCO Wealth Management LLC bought a new position in shares of STAG Industrial in the fourth quarter valued at $210,000. JPMorgan Chase & Co. grew its holdings in shares of STAG Industrial by 33.5% during the fourth quarter. JPMorgan Chase & Co. now owns 1,004,562 shares of the real estate investment trust’s stock valued at $33,974,000 after buying an additional 251,992 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in shares of STAG Industrial by 2.4% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 120,349 shares of the real estate investment trust’s stock worth $4,017,000 after acquiring an additional 2,784 shares in the last quarter. Finally, FineMark National Bank & Trust raised its holdings in shares of STAG Industrial by 44.4% in the 4th quarter. FineMark National Bank & Trust now owns 151,358 shares of the real estate investment trust’s stock worth $5,119,000 after acquiring an additional 46,553 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

STAG has been the subject of a number of analyst reports. Barclays cut their price target on 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. Royal Bank of Canada cut their target price on 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. Finally, Raymond James upped their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $40.38.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

Shares of STAG Industrial stock opened at $35.58 on Friday. The business’s fifty day simple moving average is $35.17 and its 200 day simple moving average is $36.10. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The firm has a market capitalization of $6.64 billion, a P/E ratio of 34.21 and a beta of 1.05.

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, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a $0.1242 dividend. This represents a yield of 4.25%. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. STAG Industrial’s payout ratio is presently 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.