Claro Advisors LLC Has $247,000 Position in STAG Industrial, Inc. (NYSE:STAG)

Claro Advisors LLC increased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 5.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,433 shares of the real estate investment trust’s stock after purchasing an additional 352 shares during the period. Claro Advisors LLC’s holdings in STAG Industrial were worth $247,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. LPL Financial LLC raised its holdings in STAG Industrial by 8.6% in the 3rd quarter. LPL Financial LLC now owns 98,377 shares of the real estate investment trust’s stock valued at $3,395,000 after acquiring an additional 7,795 shares in the last quarter. Mariner LLC raised its holdings in STAG Industrial by 1.0% in the 3rd quarter. Mariner LLC now owns 33,229 shares of the real estate investment trust’s stock valued at $1,147,000 after acquiring an additional 339 shares in the last quarter. Treasurer of the State of North Carolina raised its holdings in STAG Industrial by 0.5% in the 3rd quarter. Treasurer of the State of North Carolina now owns 78,860 shares of the real estate investment trust’s stock valued at $2,721,000 after acquiring an additional 400 shares in the last quarter. Gotham Asset Management LLC increased its stake in shares of STAG Industrial by 213.5% in the 3rd quarter. Gotham Asset Management LLC now owns 39,106 shares of the real estate investment trust’s stock valued at $1,350,000 after purchasing an additional 26,631 shares during the last quarter. Finally, United Services Automobile Association bought a new position in shares of STAG Industrial in the 3rd quarter valued at $401,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on STAG shares. Barclays decreased their price target on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. BNP Paribas started coverage on STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and an average target price of $39.00.

STAG Industrial Trading Down 1.2 %

Shares of STAG stock opened at $35.62 on Tuesday. The stock’s fifty day simple moving average is $35.24 and its 200 day simple moving average is $36.93. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $39.61. The firm has a market capitalization of $6.49 billion, a P/E ratio of 35.62, a P/E/G ratio of 5.10 and a beta of 1.09. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 0.78.

STAG Industrial Dividend Announcement

The business also recently declared 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 is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.15%. STAG Industrial’s dividend payout ratio (DPR) is presently 148.00%.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now owns 8,304 shares in the company, valued at approximately $289,062.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Profile

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.