Oppenheimer & Co. Inc. Boosts Stake in Stag Industrial, Inc. (NYSE:STAG)

Oppenheimer & Co. Inc. grew its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 6.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 163,271 shares of the real estate investment trust's stock after purchasing an additional 9,325 shares during the quarter. Oppenheimer & Co. Inc. owned approximately 0.09% of Stag Industrial worth $5,897,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the stock. FMR LLC lifted its holdings in Stag Industrial by 30.1% during the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after acquiring an additional 2,088,839 shares during the period. Earnest Partners LLC lifted its holdings in Stag Industrial by 6.6% during the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock worth $128,361,000 after acquiring an additional 235,622 shares during the period. Nuveen Asset Management LLC lifted its holdings in Stag Industrial by 5.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock worth $124,445,000 after acquiring an additional 204,948 shares during the period. Geode Capital Management LLC lifted its holdings in Stag Industrial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock worth $115,748,000 after acquiring an additional 18,009 shares during the period. Finally, Boston Trust Walden Corp lifted its holdings in Stag Industrial by 17.5% during the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock worth $106,283,000 after acquiring an additional 437,527 shares during the period. Institutional investors own 88.67% of the company's stock.

Insider Activity

In related news, Director Benjamin S. Butcher sold 28,843 shares of the business's stock in a transaction dated Friday, June 6th. The stock was sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the transaction, the director now directly 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 through this hyperlink. 1.10% of the stock is owned by company insiders.

Stag Industrial Stock Performance

Shares of STAG traded up $0.14 during mid-day trading on Friday, hitting $36.23. The stock had a trading volume of 1,438,649 shares, compared to its average volume of 1,269,248. The firm has a market cap of $6.76 billion, a P/E ratio of 27.24 and a beta of 0.94. The business has a fifty day moving average price of $35.05 and a 200-day moving average price of $34.62. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.25 and a quick 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 issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The business's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. On average, equities research analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Dividend Announcement

The business 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. This represents a dividend yield of 4.37%. The ex-dividend date was Friday, May 30th. Stag Industrial's dividend payout ratio (DPR) is presently 112.03%.

Analysts Set New Price Targets

STAG has been the topic of a number of recent analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Raymond James Financial lifted their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Finally, Robert W. Baird dropped their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $39.71.

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.