Shelton Capital Management Buys Shares of 9,000 STAG Industrial, Inc. (NYSE:STAG)

Shelton Capital Management purchased a new position in STAG Industrial, Inc. (NYSE:STAG) during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm purchased 9,000 shares of the real estate investment trust’s stock, valued at approximately $323,000.

Several other hedge funds and other institutional investors have also made changes to their positions in STAG. Cetera Advisor Networks LLC boosted its holdings in STAG Industrial by 1.3% during the second quarter. Cetera Advisor Networks LLC now owns 23,165 shares of the real estate investment trust’s stock worth $831,000 after buying an additional 298 shares during the last quarter. Cim Investment Management Inc. grew its holdings in STAG Industrial by 3.6% during the first quarter. Cim Investment Management Inc. now owns 10,026 shares of the real estate investment trust’s stock valued at $339,000 after purchasing an additional 345 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in STAG Industrial by 4.4% in the first quarter. Vestmark Advisory Solutions Inc. now owns 8,706 shares of the real estate investment trust’s stock valued at $294,000 after purchasing an additional 367 shares in the last quarter. B. Riley Wealth Advisors Inc. raised its holdings in STAG Industrial by 3.8% in the third quarter. B. Riley Wealth Advisors Inc. now owns 10,236 shares of the real estate investment trust’s stock worth $292,000 after purchasing an additional 373 shares during the period. Finally, Advisory Services Network LLC boosted its position in shares of STAG Industrial by 2.4% during the first quarter. Advisory Services Network LLC now owns 15,956 shares of the real estate investment trust’s stock worth $540,000 after purchasing an additional 378 shares in the last quarter. 88.68% of the stock is currently owned by institutional investors.

STAG Industrial Price Performance

NYSE:STAG opened at $36.07 on Tuesday. The stock’s 50-day simple moving average is $34.48 and its 200 day simple moving average is $35.43. STAG Industrial, Inc. has a 52-week low of $31.01 and a 52-week high of $38.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.31 and a current ratio of 1.31. The company has a market cap of $6.55 billion, a P/E ratio of 35.36, a P/E/G ratio of 8.46 and a beta of 1.02.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be paid a $0.1225 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.47 annualized dividend and a dividend yield of 4.08%. STAG Industrial’s dividend payout ratio (DPR) is presently 144.12%.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup upped their price objective on shares of STAG Industrial from $33.00 to $37.00 and gave the company a “neutral” rating in a research report on Friday, August 11th. Raymond James dropped their price target on STAG Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a research report on Tuesday, October 31st. Wells Fargo & Company boosted their price objective on STAG Industrial from $33.00 to $37.00 and gave the company an “equal weight” rating in a research report on Monday, August 7th. Royal Bank of Canada downgraded shares of STAG Industrial from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $42.00 to $39.00 in a report on Friday, November 3rd. Finally, Evercore ISI lowered their price objective on shares of STAG Industrial from $41.00 to $39.00 in a research report on Monday, October 9th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, STAG Industrial has a consensus rating of “Hold” and an average price target of $38.00.

Insider Buying and Selling at STAG Industrial

In other news, Director Benjamin S. Butcher sold 3,150 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The shares were sold at an average price of $36.45, for a total transaction of $114,817.50. Following the transaction, the director now directly owns 38,938 shares of the company’s stock, valued at $1,419,290.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.