Insight Folios Inc Acquires 341 Shares of STAG Industrial, Inc. (NYSE:STAG)

Insight Folios Inc grew its holdings in STAG Industrial, Inc. (NYSE:STAG) by 4.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,678 shares of the real estate investment trust’s stock after purchasing an additional 341 shares during the quarter. Insight Folios Inc’s holdings in STAG Industrial were worth $334,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of STAG. Spire Wealth Management raised its position in shares of STAG Industrial by 124.1% in the 4th quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 381 shares during the period. HHM Wealth Advisors LLC acquired a new stake in shares of STAG Industrial in the 4th quarter valued at approximately $31,000. ICA Group Wealth Management LLC acquired a new stake in shares of STAG Industrial in the 4th quarter valued at approximately $38,000. Transcendent Capital Group LLC acquired a new stake in shares of STAG Industrial in the 4th quarter valued at approximately $43,000. Finally, Fifth Third Bancorp raised its position in shares of STAG Industrial by 31.4% in the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 284 shares during the period. Institutional investors own 88.67% of the company’s stock.

Insider Activity

In other news, Director Benjamin S. Butcher sold 30,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

STAG Industrial Stock Up 0.2 %

Shares of NYSE STAG traded up $0.07 during midday trading on Thursday, reaching $36.07. The company’s stock had a trading volume of 530,013 shares, compared to its average volume of 1,074,985. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78. STAG Industrial, Inc. has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The stock has a market capitalization of $6.57 billion, a price-to-earnings ratio of 36.07, a PEG ratio of 5.09 and a beta of 1.09. The stock has a 50 day simple moving average of $35.28 and a 200-day simple moving average of $36.90.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.10%. STAG Industrial’s dividend payout ratio (DPR) is presently 148.00%.

Analyst Ratings Changes

STAG has been the topic of several research analyst reports. BMO Capital Markets restated an “outperform” rating and set a $42.00 target price (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. BNP Paribas initiated coverage on shares of STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 target price on the stock. Finally, Barclays dropped their target price on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Seven equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat, STAG Industrial has a consensus rating of “Hold” and an average price target of $39.00.

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.