Aigen Investment Management LP Acquires 15,401 Shares of STAG Industrial, Inc. (NYSE:STAG)

Aigen Investment Management LP grew its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 180.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 23,929 shares of the real estate investment trust’s stock after purchasing an additional 15,401 shares during the quarter. Aigen Investment Management LP’s holdings in STAG Industrial were worth $809,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in shares of STAG Industrial during the 4th quarter valued at $43,000. Coastline Trust Co bought a new position in shares of STAG Industrial during the 3rd quarter valued at $55,000. Hilltop National Bank raised its holdings in shares of STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after purchasing an additional 510 shares in the last quarter. Finally, Aew Capital Management L P raised its holdings in shares of STAG Industrial by 52.4% during the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,100 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Performance

NYSE STAG opened at $36.58 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market capitalization of $6.82 billion, a price-to-earnings ratio of 35.17 and a beta of 1.09. The company’s fifty day moving average is $34.48 and its two-hundred day moving average is $36.60. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Equities research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.1242 per share. This is a positive change from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 4.25%. The ex-dividend date is Friday, February 28th. STAG Industrial’s payout ratio is 143.27%.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on STAG shares. Raymond James raised their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays lowered their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Royal Bank of Canada lowered their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Profile

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.