Verdence Capital Advisors LLC Has $349,000 Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Verdence Capital Advisors LLC grew its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.0% during the fourth quarter, Holdings Channel reports. The firm owned 10,324 shares of the real estate investment trust’s stock after purchasing an additional 676 shares during the period. Verdence Capital Advisors LLC’s holdings in STAG Industrial were worth $349,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of STAG. Oregon Public Employees Retirement Fund increased its position in STAG Industrial by 0.8% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock worth $1,256,000 after buying an additional 300 shares during the last quarter. Values First Advisors Inc. increased its holdings in shares of STAG Industrial by 2.2% during the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock valued at $492,000 after acquiring an additional 307 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its stake in shares of STAG Industrial by 3.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 347 shares in the last quarter. Peak Financial Advisors LLC lifted its holdings in STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 356 shares during the last quarter. Finally, Hilltop National Bank boosted its position in STAG Industrial by 19.2% during the fourth 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 during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction that occurred 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 directly owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have recently weighed in on STAG shares. Royal Bank of Canada reduced 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 cut their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Finally, Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Four investment 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, the company has an average rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Stock Performance

NYSE STAG opened at $36.81 on Friday. The company’s fifty day moving average is $34.53 and its two-hundred day moving average is $36.60. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 35.39 and a beta of 1.09.

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, 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%. Equities research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

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

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.