Dana Investment Advisors Inc. Grows Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Dana Investment Advisors Inc. lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 2.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 179,722 shares of the real estate investment trust’s stock after acquiring an additional 3,784 shares during the quarter. Dana Investment Advisors Inc.’s holdings in STAG Industrial were worth $6,481,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. GAMMA Investing LLC lifted its stake in STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 326 shares during the period. Insight Folios Inc boosted its stake in shares of STAG Industrial by 4.1% during the first quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust’s stock valued at $334,000 after purchasing an additional 341 shares in the last quarter. Claro Advisors LLC increased its holdings in STAG Industrial by 5.8% during the first quarter. Claro Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock valued at $247,000 after buying an additional 352 shares during the period. Verdence Capital Advisors LLC raised its stake in STAG Industrial by 4.2% in the first quarter. Verdence Capital Advisors LLC now owns 9,038 shares of the real estate investment trust’s stock worth $347,000 after buying an additional 368 shares in the last quarter. Finally, Resources Management Corp CT ADV lifted its holdings in STAG Industrial by 1.3% during the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 370 shares during the period. Institutional investors own 88.67% of the company’s stock.

Insider Activity

In related news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

Shares of STAG Industrial stock opened at $38.66 on Wednesday. The firm has a market capitalization of $7.04 billion, a P/E ratio of 38.66, a PEG ratio of 4.06 and a beta of 1.09. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $41.63. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82. The company has a 50 day moving average price of $39.75 and a 200 day moving average price of $37.43.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.1233 per share. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 3.63%. The ex-dividend date was Wednesday, July 31st. STAG Industrial’s payout ratio is presently 148.00%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on STAG shares. Evercore ISI boosted their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Barclays boosted their target price on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. BNP Paribas began coverage on shares of STAG Industrial in a report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target on the stock. Wells Fargo & Company boosted their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Wedbush raised their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.22.

STAG Industrial Company 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.