RFG Advisory LLC Purchases 22,440 Shares of STAG Industrial, Inc. (NYSE:STAG)

RFG Advisory LLC lifted its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 259.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 31,084 shares of the real estate investment trust's stock after buying an additional 22,440 shares during the quarter. RFG Advisory LLC's holdings in STAG Industrial were worth $1,123,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its stake in STAG Industrial by 0.8% in 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 acquiring an additional 300 shares during the period. Values First Advisors Inc. lifted its position in shares of STAG Industrial by 2.2% in the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock worth $492,000 after purchasing an additional 307 shares during the period. 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. increased its holdings in STAG Industrial by 2.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust's stock valued at $535,000 after buying an additional 394 shares during the period. Institutional investors own 88.67% of the company's stock.

Wall Street Analyst Weigh In

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

STAG Industrial Trading Down 0.3%

Shares of NYSE:STAG opened at $36.11 on Friday. The business's 50-day moving average is $33.81 and its 200 day moving average is $34.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63. The firm has a market capitalization of $6.74 billion, a P/E ratio of 34.72 and a beta of 0.93.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data 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 the consensus estimate of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The company's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.59 earnings per share. On average, research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 16th. Shareholders of record on Monday, June 2nd will be issued a $0.1242 dividend. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 4.37%. STAG Industrial's dividend payout ratio is currently 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.

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