Benjamin F. Edwards & Company Inc. Acquires New Stake in STAG Industrial, Inc. (NYSE:STAG)

Benjamin F. Edwards & Company Inc. acquired a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 50,470 shares of the real estate investment trust's stock, valued at approximately $1,981,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Fifth Third Bancorp raised its holdings in shares of STAG Industrial by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust's stock worth $31,000 after acquiring an additional 496 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in shares of STAG Industrial during the fourth quarter valued at about $31,000. Rational Advisors LLC purchased a new stake in shares of STAG Industrial during the third quarter worth about $42,000. Sound Income Strategies LLC boosted its holdings in shares of STAG Industrial by 35.5% during the fourth quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 357 shares during the period. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its holdings in STAG Industrial by 328.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,642 shares of the real estate investment trust's stock worth $91,000 after buying an additional 2,026 shares during the period. Institutional investors own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STAG. Royal Bank of Canada raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a research report on Friday, February 16th. BMO Capital Markets reissued an "outperform" rating and issued a $42.00 price objective (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Finally, Barclays assumed coverage on STAG Industrial in a report on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, STAG Industrial has an average rating of "Hold" and a consensus target price of $39.13.

STAG Industrial Stock Performance

NYSE STAG traded down $0.42 on Monday, reaching $34.80. The stock had a trading volume of 964,552 shares, compared to its average volume of 1,152,980. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.75 and a current ratio of 1.75. The stock has a market cap of $6.34 billion, a P/E ratio of 35.22, a price-to-earnings-growth ratio of 4.97 and a beta of 1.05. The business's 50-day moving average price is $36.81 and its 200 day moving average price is $36.84.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.25%. STAG Industrial's payout ratio is currently 148.00%.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.