Moors & Cabot Inc. Acquires 5,748 Shares of STAG Industrial, Inc. (NYSE:STAG)

Moors & Cabot Inc. grew its holdings in STAG Industrial, Inc. (NYSE:STAG) by 7.5% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,980 shares of the real estate investment trust’s stock after purchasing an additional 5,748 shares during the quarter. Moors & Cabot Inc.’s holdings in STAG Industrial were worth $2,956,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. J.Safra Asset Management Corp lifted its stake in shares of STAG Industrial by 708.5% during the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 581 shares during the last quarter. Centerpoint Advisors LLC bought a new position in STAG Industrial in the second quarter worth about $25,000. Fidelis Capital Partners LLC purchased a new stake in shares of STAG Industrial during the first quarter valued at about $29,000. GAMMA Investing LLC boosted its holdings in shares of STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 326 shares in the last quarter. Finally, ICA Group Wealth Management LLC purchased a new position in shares of STAG Industrial in the 4th quarter worth approximately $38,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $39.89 on Wednesday. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $41.63. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. The company has a market cap of $7.26 billion, a PE ratio of 39.89, a price-to-earnings-growth ratio of 4.07 and a beta of 1.09. The company’s 50 day moving average is $39.51 and its 200 day moving average is $37.29.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a $0.1233 dividend. The ex-dividend date was Wednesday, July 31st. This represents a dividend yield of 3.63%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is presently 148.00%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the transaction, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts recently commented on STAG shares. Wedbush increased their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Barclays increased their price objective on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. BNP Paribas assumed coverage on STAG Industrial in a research note on Tuesday, June 4th. They set a “neutral” rating and a $39.00 target price on the stock. Evercore ISI raised their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company boosted their price target on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $41.22.

About STAG Industrial

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.