PharVision Advisers LLC Buys New Shares in STAG Industrial, Inc. (NYSE:STAG)

PharVision Advisers LLC purchased a new stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,810 shares of the real estate investment trust's stock, valued at approximately $264,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in STAG. Oregon Public Employees Retirement Fund increased its position in STAG Industrial by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock valued at $1,256,000 after purchasing an additional 300 shares during the period. Values First Advisors Inc. boosted its stake in shares of STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock valued at $492,000 after purchasing an additional 307 shares in the last quarter. Synovus Financial Corp boosted its stake in shares of STAG Industrial by 1.8% during the fourth quarter. Synovus Financial Corp now owns 21,695 shares of the real estate investment trust's stock valued at $734,000 after purchasing an additional 377 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in STAG Industrial by 6.1% during the fourth quarter. Sequoia Financial Advisors LLC now owns 6,773 shares of the real estate investment trust's stock valued at $229,000 after buying an additional 387 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake in STAG Industrial by 2.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust's stock worth $535,000 after buying an additional 394 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on STAG. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $38.00 target price on shares of STAG Industrial in a research report on Monday, May 19th. Barclays decreased their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Robert W. Baird cut their target price on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Finally, Raymond James increased their price target 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. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, STAG Industrial currently has a consensus rating of "Hold" and a consensus price target of $39.63.

STAG Industrial Stock Up 1.5%

Shares of STAG Industrial stock traded up $0.50 during trading on Tuesday, reaching $34.57. The company's stock had a trading volume of 258,708 shares, compared to its average volume of 1,224,319. The company has a 50-day simple moving average of $33.71 and a two-hundred day simple moving average of $34.65. STAG Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $41.63. The company has a market cap of $6.45 billion, a price-to-earnings ratio of 33.25 and a beta of 0.93. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The business had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. During the same quarter last year, the company earned $0.59 earnings per share. The company's quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities 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 announced a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be given a dividend of $0.1242 per share. This represents a yield of 4.37%. The ex-dividend date is Friday, May 30th. STAG Industrial's dividend payout ratio is presently 112.03%.

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.