RFG Advisory LLC Has $1.12 Million Position in STAG Industrial, Inc. (NYSE:STAG)

RFG Advisory LLC raised its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 259.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 31,084 shares of the real estate investment trust's stock after acquiring an additional 22,440 shares during the period. RFG Advisory LLC's holdings in STAG Industrial were worth $1,123,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Versant Capital Management Inc boosted its stake in STAG Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock valued at $27,000 after acquiring an additional 506 shares during the period. Quarry LP bought a new stake in shares of STAG Industrial during the fourth quarter valued at approximately $62,000. Principal Securities Inc. raised its holdings in shares of STAG Industrial by 20.7% during 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 during the last quarter. Aew Capital Management L P boosted its position in STAG Industrial by 52.4% during the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after acquiring an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in STAG Industrial during the 4th quarter worth $109,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

STAG Industrial Price Performance

NYSE:STAG traded up $0.19 during midday trading on Monday, hitting $37.01. 1,570,295 shares of the stock were exchanged, compared to its average volume of 1,261,411. STAG Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The company has a market capitalization of $6.91 billion, a price-to-earnings ratio of 35.59 and a beta of 0.94. The business has a 50-day moving average price of $33.83 and a two-hundred day moving average price of $34.62. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

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 analysts' expectations of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.59 earnings per share. Sell-side analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The business also recently announced a dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a dividend of $0.1242 per share. This represents a dividend yield of 4.37%. The ex-dividend date is Friday, May 30th. STAG Industrial's dividend payout ratio (DPR) is presently 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.