J.Safra Asset Management Corp Purchases 1,994 Shares of STAG Industrial, Inc. (NYSE:STAG)

J.Safra Asset Management Corp increased its position in STAG Industrial, Inc. (NYSE:STAG) by 79.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 4,497 shares of the real estate investment trust’s stock after acquiring an additional 1,994 shares during the quarter. J.Safra Asset Management Corp’s holdings in STAG Industrial were worth $152,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new position in STAG Industrial in the 4th quarter worth about $43,000. Coastline Trust Co bought a new position in STAG Industrial in the 3rd quarter worth about $55,000. Hilltop National Bank boosted its stake in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. boosted its stake in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 510 shares in the last quarter. Finally, Aew Capital Management L P boosted its stake in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Up 3.1 %

NYSE STAG opened at $37.14 on Thursday. The company has a market capitalization of $6.93 billion, a P/E ratio of 35.71 and a beta of 1.09. The stock has a 50 day moving average price of $34.42 and a 200-day moving average price of $36.60. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. 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 (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, equities analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a $0.1242 dividend. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 4.25%. STAG Industrial’s dividend payout ratio (DPR) is currently 143.27%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value 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 SEC, which is available at this hyperlink. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on the stock. Barclays lowered their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Raymond James upped their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada lowered 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 note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial presently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

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.