Blair William & Co. IL Lowers Position in STAG Industrial, Inc. (NYSE:STAG)

Blair William & Co. IL decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.8% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 48,529 shares of the real estate investment trust’s stock after selling 381 shares during the quarter. Blair William & Co. IL’s holdings in STAG Industrial were worth $1,641,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in STAG Industrial in the 4th quarter worth approximately $57,561,000. Prudential Financial Inc. grew its position in STAG Industrial by 19.3% in the fourth quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust’s stock worth $61,203,000 after acquiring an additional 292,252 shares in the last quarter. JPMorgan Chase & Co. increased its stake in STAG Industrial by 33.5% in the fourth quarter. JPMorgan Chase & Co. now owns 1,004,562 shares of the real estate investment trust’s stock valued at $33,974,000 after acquiring an additional 251,992 shares during the last quarter. Heitman Real Estate Securities LLC raised its position in STAG Industrial by 19.8% during the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock valued at $41,588,000 after purchasing an additional 175,993 shares in the last quarter. Finally, Channing Capital Management LLC lifted its stake in STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock worth $76,421,000 after purchasing an additional 164,284 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Barclays reduced their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada cut their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, STAG Industrial currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Trading Up 0.2 %

STAG opened at $36.21 on Wednesday. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. 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 business has a 50 day simple moving average of $35.24 and a two-hundred day simple moving average of $36.01. The firm has a market capitalization of $6.76 billion, a price-to-earnings ratio of 34.81 and a beta of 1.05.

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

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.1242 dividend. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. STAG Industrial’s dividend payout ratio is presently 143.27%.

STAG Industrial Company 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.