Oppenheimer & Co. Inc. Has $5.90 Million Stake in Stag Industrial, Inc. (NYSE:STAG)

Oppenheimer & Co. Inc. increased its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 6.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 163,271 shares of the real estate investment trust's stock after acquiring an additional 9,325 shares during the period. Oppenheimer & Co. Inc. owned about 0.09% of Stag Industrial worth $5,897,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its holdings 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 valued at $27,000 after purchasing an additional 506 shares in the last quarter. Garde Capital Inc. acquired a new stake in shares of Stag Industrial in the 1st quarter valued at $33,000. Proathlete Wealth Management LLC acquired a new stake in Stag Industrial in the first quarter valued at about $47,000. Quarry LP acquired a new stake in Stag Industrial in the fourth quarter valued at about $62,000. Finally, Principal Securities Inc. boosted its stake in Stag Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after buying an additional 510 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Analysts Set New Price Targets

Several analysts recently weighed in on the company. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th. Robert W. Baird cut their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Raymond James Financial raised their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $39.71.

Stag Industrial Price Performance

Shares of NYSE:STAG opened at $36.84 on Wednesday. The firm has a market cap of $6.88 billion, a PE ratio of 27.70 and a beta of 0.94. The firm's fifty day moving average is $34.87 and its 200-day moving average is $34.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63.

Stag Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.59 EPS. Sell-side analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

The company also recently declared a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were given a $0.1242 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a dividend yield of 4.37%. Stag Industrial's dividend payout ratio (DPR) is currently 112.03%.

Insider Transactions at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the business's 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 transaction, the director now owns 7,115 shares in the company, valued at $262,543.50. The trade was a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company's stock.

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.

Want to see what other hedge funds are holding STAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Stag Industrial, Inc. (NYSE:STAG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.