AE Wealth Management LLC Acquires Shares of 10,743 Stag Industrial, Inc. (NYSE:STAG)

Key Points

• AE Wealth Management LLC made a new investment of $388,000 in Stag Industrial, Inc. by purchasing 10,743 shares during the first quarter.
• Stag Industrial recently announced a dividend of $0.1242 per share, yielding approximately 4.22%, with the payout ratio currently at 112.03%.
• Wall Street analysts have varied price targets for Stag Industrial, with a consensus price target of $39.14 and a consensus rating of "Hold".

AE Wealth Management LLC purchased a new position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 10,743 shares of the real estate investment trust's stock, valued at approximately $388,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in STAG. Versant Capital Management Inc lifted its stake in shares of Stag Industrial by 204.9% in the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after acquiring an additional 506 shares during the period. Tsfg LLC purchased a new stake in shares of Stag Industrial in the 1st quarter valued at approximately $32,000. Garde Capital Inc. purchased a new stake in shares of Stag Industrial in the 1st quarter valued at approximately $33,000. Proathlete Wealth Management LLC purchased a new stake in shares of Stag Industrial in the 1st quarter valued at approximately $47,000. Finally, Quarry LP purchased a new stake in shares of Stag Industrial in the 4th quarter valued at approximately $62,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on STAG shares. Evercore ISI upped their price target on shares of Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday. Robert W. Baird dropped their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Raymond James Financial upped their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have assigned 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 $39.14.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares of the company's stock, valued at $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Stock Up 0.2%

Shares of STAG traded up $0.07 during mid-day trading on Friday, hitting $34.40. 2,325,118 shares of the company's stock were exchanged, compared to its average volume of 1,513,781. The firm has a fifty day moving average of $35.98 and a two-hundred day moving average of $34.94. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $40.95. The stock has a market cap of $6.42 billion, a price-to-earnings ratio of 27.09 and a beta of 0.93. The company has a quick ratio of 1.25, a current ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting the consensus estimate of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The company had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. During the same quarter in the prior year, the business posted $0.61 EPS. Stag Industrial's quarterly revenue was up 9.4% on a year-over-year basis. On average, sell-side analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The business also recently declared a dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Thursday, July 31st. This represents a yield of 422.0%. Stag Industrial's dividend payout ratio is 112.03%.

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.