Jeppson Wealth Management LLC Has $894,000 Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Jeppson Wealth Management LLC lowered its stake in STAG Industrial, Inc. (NYSE:STAG) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,794 shares of the real estate investment trust’s stock after selling 508 shares during the quarter. Jeppson Wealth Management LLC’s holdings in STAG Industrial were worth $894,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. lifted its stake in STAG Industrial by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 748,765 shares of the real estate investment trust’s stock valued at $29,397,000 after buying an additional 26,700 shares during the period. Mirae Asset Global Investments Co. Ltd. bought a new position in STAG Industrial during the 1st quarter worth approximately $3,222,000. Centersquare Investment Management LLC grew its holdings in STAG Industrial by 24.9% during the first quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock valued at $4,990,000 after purchasing an additional 25,844 shares during the period. Massachusetts Financial Services Co. MA increased its stake in STAG Industrial by 22.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock valued at $206,051,000 after purchasing an additional 961,420 shares in the last quarter. Finally, Westfield Capital Management Co. LP raised its holdings in STAG Industrial by 12.3% in the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock worth $37,190,000 after purchasing an additional 106,217 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were 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 directly owns 8,758 shares in the company, valued at approximately $357,151.24. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

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

STAG Industrial Stock Down 0.3 %

NYSE STAG traded down $0.10 during trading on Friday, hitting $39.81. The stock had a trading volume of 24,590 shares, compared to its average volume of 1,081,278. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The company’s 50-day moving average price is $39.00 and its two-hundred day moving average price is $37.23. The company has a market capitalization of $7.25 billion, a PE ratio of 39.92, a P/E/G ratio of 4.20 and a beta of 1.09.

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 given a $0.1233 dividend. This represents a dividend yield of 3.63%. The ex-dividend date was Wednesday, July 31st. This is a positive change from STAG Industrial’s previous dividend of $0.12. 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.