Parr Mcknight Wealth Management Group LLC Purchases 9,707 Shares of Stag Industrial, Inc. (NYSE:STAG)

Parr Mcknight Wealth Management Group LLC lifted its position in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 36.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,210 shares of the real estate investment trust's stock after acquiring an additional 9,707 shares during the quarter. Parr Mcknight Wealth Management Group LLC's holdings in Stag Industrial were worth $1,308,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Versant Capital Management Inc raised its holdings in Stag Industrial by 204.9% during the 1st quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 506 shares during the last quarter. Tsfg LLC bought a new stake in shares of Stag Industrial in the 1st quarter valued at $32,000. Garde Capital Inc. bought a new position in Stag Industrial during the first quarter worth $33,000. Proathlete Wealth Management LLC bought a new position in Stag Industrial during the first quarter worth $47,000. Finally, Quarry LP bought a new stake in Stag Industrial during the fourth quarter valued at $62,000. 88.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on STAG. Raymond James Financial lifted their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research note on Wednesday, May 7th. Royal Bank Of Canada reissued 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, Robert W. Baird decreased their target price 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $39.71.

Stag Industrial Stock Performance

NYSE STAG traded up $0.18 during trading on Friday, hitting $36.12. 1,668,281 shares of the company's stock traded hands, compared to its average volume of 1,286,721. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. The stock has a market capitalization of $6.74 billion, a price-to-earnings ratio of 27.16 and a beta of 0.93. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The business has a 50 day moving average of $35.71 and a 200-day moving average of $34.72.

Stag Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The company had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same period in the previous year, the company posted $0.59 EPS. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.49 annualized dividend and a yield of 4.13%. Stag Industrial's dividend payout ratio is currently 112.03%.

Insider Transactions at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction on 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 sale, the director owned 7,115 shares of the company's stock, valued at approximately $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.