Oppenheimer & Co. Inc. Increases Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Oppenheimer & Co. Inc. lifted its position in STAG Industrial, Inc. (NYSE:STAG) by 0.6% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 153,946 shares of the real estate investment trust’s stock after purchasing an additional 903 shares during the period. Oppenheimer & Co. Inc.’s holdings in STAG Industrial were worth $5,206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of STAG. FMR LLC lifted its holdings in shares of STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after buying an additional 4,111,268 shares in the last quarter. Bank of Montreal Can lifted its holdings in shares of STAG Industrial by 330.5% in the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock worth $52,823,000 after buying an additional 1,033,485 shares in the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of STAG Industrial by 36.0% in the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after buying an additional 442,618 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after buying an additional 227,629 shares in the last quarter. Finally, Heitman Real Estate Securities LLC lifted its holdings in shares of STAG Industrial by 19.8% in the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock worth $41,588,000 after buying an additional 175,993 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Trading Up 1.0 %

STAG stock opened at $36.01 on Friday. The company has a market capitalization of $6.72 billion, a PE ratio of 34.62 and a beta of 1.09. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The company’s 50 day moving average price is $34.34 and its two-hundred day moving average price is $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 (NYSE:STAG) last posted its quarterly earnings results 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, analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

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

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction 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 transaction, the director now directly 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on STAG shares. Wells Fargo & Company lowered their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Raymond James raised their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays lowered their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada lowered their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial 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.