Able Wealth Management LLC Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

Able Wealth Management LLC acquired a new stake in STAG Industrial, Inc. (NYSE:STAG) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,604 shares of the real estate investment trust’s stock, valued at approximately $63,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in STAG. Principal Financial Group Inc. boosted its holdings in STAG Industrial by 3.7% in the 4th quarter. Principal Financial Group Inc. now owns 748,765 shares of the real estate investment trust’s stock valued at $29,397,000 after purchasing an additional 26,700 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of STAG Industrial in the fourth quarter valued at approximately $2,002,000. International Assets Investment Management LLC boosted its stake in shares of STAG Industrial by 3,860.5% in the fourth quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock valued at $4,508,000 after buying an additional 111,917 shares during the period. Massachusetts Financial Services Co. MA increased its stake in STAG Industrial by 22.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock worth $206,051,000 after acquiring an additional 961,420 shares during the period. Finally, Sei Investments Co. raised its holdings in STAG Industrial by 11.8% in the 3rd quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust’s stock valued at $17,310,000 after acquiring an additional 53,109 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. BMO Capital Markets reissued an “outperform” rating and set a $42.00 target price (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. BNP Paribas started coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price objective on the stock. Royal Bank of Canada boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, February 16th. Finally, Barclays reduced their price target on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. Seven analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of “Hold” and a consensus price target of $39.00.

STAG Industrial Stock Up 0.1 %

Shares of NYSE:STAG opened at $34.97 on Friday. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61. The company has a market capitalization of $6.37 billion, a PE ratio of 34.97, a price-to-earnings-growth ratio of 4.94 and a beta of 1.08. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.75 and a current ratio of 1.75. The company has a fifty day moving average of $35.47 and a 200-day moving average of $37.02.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.23%. STAG Industrial’s dividend payout ratio is presently 148.00%.

Insider Activity

In related news, Director Benjamin S. Butcher sold 30,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the sale, the director now directly owns 8,304 shares in the company, valued at approximately $289,062.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

About STAG Industrial

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.