Pasadena Private Wealth LLC Purchases 3,622 Shares of STAG Industrial, Inc. (NYSE:STAG)

Pasadena Private Wealth LLC increased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 20.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,122 shares of the real estate investment trust’s stock after buying an additional 3,622 shares during the quarter. Pasadena Private Wealth LLC’s holdings in STAG Industrial were worth $714,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. New York State Common Retirement Fund lifted its holdings in shares of STAG Industrial by 15.7% in the 4th quarter. New York State Common Retirement Fund now owns 1,084,284 shares of the real estate investment trust’s stock worth $36,670,000 after purchasing an additional 146,942 shares in the last quarter. Venturi Wealth Management LLC bought a new stake in STAG Industrial during the 4th quarter valued at $109,000. Sanctuary Advisors LLC raised its holdings in STAG Industrial by 13.3% during the fourth quarter. Sanctuary Advisors LLC now owns 24,449 shares of the real estate investment trust’s stock worth $843,000 after buying an additional 2,866 shares during the last quarter. State of New Jersey Common Pension Fund D lifted its stake in shares of STAG Industrial by 3.7% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 186,958 shares of the real estate investment trust’s stock valued at $6,323,000 after buying an additional 6,662 shares in the last quarter. Finally, Principal Securities Inc. grew 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. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Down 0.2 %

Shares of STAG stock opened at $35.01 on Wednesday. The company has a 50 day moving average of $34.26 and a 200-day moving average of $36.87. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The firm has a market cap of $6.53 billion, a P/E ratio of 33.66 and a beta of 1.09. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Sell-side analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date is Monday, March 31st. STAG Industrial’s payout ratio is presently 143.27%.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of analyst reports. Barclays cut their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Wells Fargo & Company lowered their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Raymond James lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $40.38.

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.