WESPAC Advisors LLC Has $712,000 Stock Position in STAG Industrial, Inc. (NYSE:STAG)

WESPAC Advisors LLC grew its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 16.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,059 shares of the real estate investment trust’s stock after buying an additional 2,897 shares during the quarter. WESPAC Advisors LLC’s holdings in STAG Industrial were worth $712,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Point72 DIFC Ltd acquired a new position in shares of STAG Industrial during the third quarter valued at about $717,000. Geode Capital Management LLC lifted its position in shares of STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after purchasing an additional 21,925 shares in the last quarter. BNP Paribas Financial Markets lifted its position in shares of STAG Industrial by 169.6% during the third quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after purchasing an additional 83,296 shares in the last quarter. Los Angeles Capital Management LLC lifted its position in shares of STAG Industrial by 314.5% during the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after purchasing an additional 110,410 shares in the last quarter. Finally, Harbor Capital Advisors Inc. lifted its position in shares of STAG Industrial by 187.3% during the third quarter. Harbor Capital Advisors Inc. now owns 97,875 shares of the real estate investment trust’s stock valued at $3,826,000 after purchasing an additional 63,808 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business’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 sale, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

Shares of STAG stock opened at $35.17 on Friday. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 33.81 and a beta of 1.09. 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 52 week low of $32.27 and a 52 week high of $41.63. The firm’s 50-day simple moving average is $34.22 and its two-hundred day simple moving average is $36.80.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping 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, equities analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a $0.1242 dividend. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is 143.27%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Royal Bank of Canada dropped their price target 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. Wells Fargo & Company dropped their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Barclays dropped their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Finally, Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.38.

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.