Naples Global Advisors LLC Increases Holdings in STAG Industrial, Inc. (NYSE:STAG)

Naples Global Advisors LLC raised its stake in STAG Industrial, Inc. (NYSE:STAG) by 4.8% in the 4th quarter, Holdings Channel reports. The institutional investor owned 14,605 shares of the real estate investment trust’s stock after buying an additional 675 shares during the period. Naples Global Advisors LLC’s holdings in STAG Industrial were worth $496,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Point72 DIFC Ltd acquired a new stake in shares of STAG Industrial during the 3rd quarter worth approximately $717,000. Geode Capital Management LLC increased its stake in STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after acquiring an additional 21,925 shares during the last quarter. BNP Paribas Financial Markets lifted its stake in shares of STAG Industrial by 169.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after purchasing an additional 83,296 shares during the last quarter. Los Angeles Capital Management LLC lifted its stake in shares of STAG Industrial by 314.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after purchasing an additional 110,410 shares during the last quarter. Finally, Harbor Capital Advisors Inc. grew its holdings in shares of STAG Industrial by 187.3% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 97,875 shares of the real estate investment trust’s stock worth $3,826,000 after purchasing an additional 63,808 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Trading Up 0.8 %

NYSE:STAG opened at $35.34 on Friday. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The firm has a market cap of $6.44 billion, a PE ratio of 35.69 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a fifty day moving average price of $34.33 and a 200 day moving average price of $37.03.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.27% and a net margin of 23.94%. Sell-side analysts anticipate that STAG Industrial, Inc. will post 2.41 earnings per share for the current fiscal year.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is presently 150.51%.

Analyst Upgrades and Downgrades

A number of research analysts have commented on the stock. Barclays decreased 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 report on Tuesday, January 28th. Raymond James increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Finally, Wells Fargo & Company lowered their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Company Profile

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.