Argonautica Private Wealth Management Inc. Has $274,000 Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Argonautica Private Wealth Management Inc. increased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 8,100 shares of the real estate investment trust’s stock after purchasing an additional 582 shares during the period. Argonautica Private Wealth Management Inc.’s holdings in STAG Industrial were worth $274,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of STAG. WESPAC Advisors LLC increased its stake in shares of STAG Industrial by 16.0% during the fourth quarter. WESPAC Advisors LLC now owns 21,059 shares of the real estate investment trust’s stock worth $712,000 after purchasing an additional 2,897 shares during the period. Hudson Edge Investment Partners Inc. raised its position in STAG Industrial by 5.0% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 15,186 shares of the real estate investment trust’s stock valued at $514,000 after purchasing an additional 730 shares in the last quarter. Handelsbanken Fonder AB lifted its position in shares of STAG Industrial by 8.9% during the 4th quarter. Handelsbanken Fonder AB now owns 54,802 shares of the real estate investment trust’s stock worth $1,853,000 after buying an additional 4,500 shares during the last quarter. Pasadena Private Wealth LLC boosted its stake in shares of STAG Industrial by 20.7% in the 4th quarter. Pasadena Private Wealth LLC now owns 21,122 shares of the real estate investment trust’s stock valued at $714,000 after purchasing an additional 3,622 shares in the last quarter. Finally, New York State Common Retirement Fund boosted its position in STAG Industrial by 15.7% in the fourth quarter. New York State Common Retirement Fund now owns 1,084,284 shares of the real estate investment trust’s stock valued at $36,670,000 after buying an additional 146,942 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the transaction, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the topic of a number of research reports. Wells Fargo & Company reduced their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Royal Bank of Canada lowered their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Barclays lowered their target price on 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. Finally, Raymond James upped 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. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $35.67 on Wednesday. The company has a market capitalization of $6.65 billion, a P/E ratio of 34.29 and a beta of 1.09. The company’s 50-day moving average is $34.22 and its 200 day moving average is $36.72. 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, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63.

STAG Industrial (NYSE:STAG) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, equities research analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

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

STAG Industrial 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.