Hudson Edge Investment Partners Inc. Acquires 730 Shares of STAG Industrial, Inc. (NYSE:STAG)

Hudson Edge Investment Partners Inc. boosted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 5.0% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,186 shares of the real estate investment trust’s stock after buying an additional 730 shares during the quarter. Hudson Edge Investment Partners Inc.’s holdings in STAG Industrial were worth $514,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new stake in shares of STAG Industrial in the 3rd quarter valued at approximately $717,000. Geode Capital Management LLC lifted its stake in STAG Industrial by 0.6% in the 3rd 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 during the last quarter. BNP Paribas Financial Markets boosted its position in STAG Industrial by 169.6% in 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 buying an additional 83,296 shares in the last quarter. Los Angeles Capital Management LLC grew its stake 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 worth $5,688,000 after buying an additional 110,410 shares during the last quarter. Finally, Harbor Capital Advisors Inc. increased its holdings 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 worth $3,826,000 after buying an additional 63,808 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Activity

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

STAG has been the topic of a number of research reports. Royal Bank of Canada reduced their price objective 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. Barclays reduced their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Wells Fargo & Company lowered their price objective on 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. Finally, Raymond James lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, STAG Industrial currently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Stock Performance

NYSE:STAG opened at $35.17 on Friday. 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. The company has a 50 day simple moving average of $34.22 and a two-hundred day simple moving average of $36.82. The company has a market capitalization of $6.56 billion, a PE ratio of 33.81 and a beta of 1.09.

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

STAG Industrial Increases Dividend

The firm also recently disclosed 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 is Friday, February 28th. This is a positive change from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 4.25%. STAG Industrial’s dividend payout ratio (DPR) 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.