50,470 Shares in STAG Industrial, Inc. (NYSE:STAG) Acquired by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. bought a new position in STAG Industrial, Inc. (NYSE:STAG) during the 4th quarter, Holdings Channel.com reports. The firm bought 50,470 shares of the real estate investment trust’s stock, valued at approximately $1,981,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. Massachusetts Financial Services Co. MA grew its stake in shares of STAG Industrial by 1.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,286,953 shares of the real estate investment trust’s stock worth $147,943,000 after purchasing an additional 59,463 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in STAG Industrial by 2.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,728,355 shares of the real estate investment trust’s stock valued at $94,156,000 after acquiring an additional 73,224 shares in the last quarter. Boston Trust Walden Corp increased its position in STAG Industrial by 1.1% during the 4th quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock valued at $99,686,000 after purchasing an additional 28,304 shares during the period. Bank of New York Mellon Corp increased its position in STAG Industrial by 3.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,444,172 shares of the real estate investment trust’s stock valued at $84,348,000 after purchasing an additional 76,407 shares during the period. Finally, Invesco Ltd. raised its holdings in STAG Industrial by 35.3% in the 3rd quarter. Invesco Ltd. now owns 1,613,265 shares of the real estate investment trust’s stock worth $55,674,000 after purchasing an additional 420,768 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on STAG shares. BMO Capital Markets reiterated an “outperform” rating and set a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Royal Bank of Canada increased their target price on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Friday, February 16th. Finally, Barclays assumed coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $39.13.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $35.22 on Monday. The company has a market capitalization of $6.41 billion, a PE ratio of 35.22, a PEG ratio of 4.97 and a beta of 1.05. The business has a fifty day moving average price of $36.81 and a 200-day moving average price of $36.84. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.75.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a $0.1233 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.20%. STAG Industrial’s dividend payout ratio is presently 148.00%.

STAG Industrial Company 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.