Aptus Capital Advisors LLC Invests $229,000 in STAG Industrial, Inc. (NYSE:STAG)

Aptus Capital Advisors LLC purchased a new stake in STAG Industrial, Inc. (NYSE:STAG) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 6,751 shares of the real estate investment trust’s stock, valued at approximately $229,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its stake in shares of STAG Industrial by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock worth $1,256,000 after acquiring an additional 300 shares during the period. Values First Advisors Inc. increased its position in STAG Industrial by 2.2% during the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 307 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 347 shares in the last quarter. Peak Financial Advisors LLC boosted its stake in shares of STAG Industrial by 3.0% in the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 356 shares in the last quarter. Finally, Hilltop National Bank grew its holdings in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Price Performance

STAG stock opened at $34.60 on Friday. The stock’s 50 day moving average price is $33.94 and its 200 day moving average price is $34.87. The firm has a market cap of $6.46 billion, a P/E ratio of 33.27 and a beta of 0.93. 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 1 year low of $28.61 and a 1 year high of $41.63.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The business had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same quarter last year, the company earned $0.59 earnings per share. The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. On average, sell-side analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Monday, June 30th. STAG Industrial’s payout ratio is 112.03%.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s 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 sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

STAG has been the topic of several research analyst reports. Royal Bank of Canada decreased 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 report on Monday, January 27th. Robert W. Baird lowered their target price on shares of STAG Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday. Raymond James lifted their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday. Finally, Barclays lowered 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.63.

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.