FineMark National Bank & Trust Acquires 46,553 Shares of STAG Industrial, Inc. (NYSE:STAG)

FineMark National Bank & Trust grew its holdings in STAG Industrial, Inc. (NYSE:STAG) by 44.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 151,358 shares of the real estate investment trust’s stock after acquiring an additional 46,553 shares during the period. FineMark National Bank & Trust’s holdings in STAG Industrial were worth $5,119,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in STAG. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial in the fourth quarter worth about $43,000. Hilltop National Bank increased 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 acquiring an additional 362 shares during the last quarter. Principal Securities Inc. boosted its position in shares of STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 510 shares during the last quarter. Aew Capital Management L P grew its holdings in shares of STAG Industrial by 52.4% in the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in STAG Industrial in the fourth quarter worth $109,000. Institutional investors own 88.67% of the company’s stock.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Trading Up 1.4 %

STAG opened at $34.48 on Tuesday. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The stock has a fifty day moving average price of $35.07 and a 200-day moving average price of $36.17. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 33.16 and a beta of 1.05. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate 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 research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1242 per share. This is a positive change from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a yield of 4.25%. STAG Industrial’s dividend payout ratio is presently 143.27%.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of recent research reports. Raymond James lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Royal Bank of Canada dropped their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Finally, Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, STAG Industrial has an average rating of “Moderate Buy” and an average price target 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.