Hennion & Walsh Asset Management Inc. Has $456,000 Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Hennion & Walsh Asset Management Inc. raised its stake in STAG Industrial, Inc. (NYSE:STAG) by 23.6% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,678 shares of the real estate investment trust’s stock after purchasing an additional 2,231 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in STAG Industrial were worth $456,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in STAG. Vanguard Group Inc. increased its holdings in STAG Industrial by 0.7% during the first quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock worth $1,008,560,000 after buying an additional 176,332 shares during the last quarter. Earnest Partners LLC grew its position in shares of STAG Industrial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock valued at $131,727,000 after acquiring an additional 78,189 shares during the period. Dimensional Fund Advisors LP grew its position in shares of STAG Industrial by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after acquiring an additional 167,532 shares during the period. Boston Trust Walden Corp raised its holdings in shares of STAG Industrial by 1.0% in the 2nd quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock valued at $92,052,000 after purchasing an additional 25,779 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of STAG Industrial by 7.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock valued at $64,045,000 after purchasing an additional 115,480 shares during the period. Institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on STAG shares. Wells Fargo & Company boosted their price target on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Wedbush increased their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays reduced their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday. Finally, Evercore ISI raised their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, STAG Industrial currently has a consensus rating of “Hold” and a consensus target price of $41.00.

STAG Industrial Stock Up 1.2 %

Shares of STAG opened at $37.50 on Tuesday. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. STAG Industrial, Inc. has a 12 month low of $31.95 and a 12 month high of $41.63. The firm’s 50 day moving average is $38.98 and its 200-day moving average is $37.43. The stock has a market capitalization of $6.83 billion, a PE ratio of 36.06 and a beta of 1.09.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 3.95%. STAG Industrial’s dividend payout ratio is presently 142.31%.

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 transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through 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.