Capital Fund Management S.A. purchased a new stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 33,086 shares of the real estate investment trust's stock, valued at approximately $1,119,000.
Other institutional investors also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in STAG Industrial in the 4th quarter valued at about $43,000. Hilltop National Bank raised its position in STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after buying an additional 362 shares during the last quarter. Principal Securities Inc. grew its stake in shares of STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after acquiring an additional 510 shares in the last quarter. Aew Capital Management L P boosted its holdings in STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after purchasing an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in shares of STAG Industrial during the 4th quarter worth approximately $109,000. 88.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
STAG has been the topic of several recent analyst reports. Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada dropped their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Finally, Raymond James reduced their price objective on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, STAG Industrial has a consensus rating of "Hold" and a consensus target price of $39.57.
View Our Latest Analysis on STAG
STAG Industrial Price Performance
Shares of STAG Industrial stock traded down $0.98 during trading hours on Monday, reaching $32.17. 109,530 shares of the company's stock were exchanged, compared to its average volume of 1,190,151. STAG Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63. The company has a market capitalization of $6.00 billion, a P/E ratio of 31.00 and a beta of 0.96. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The business has a fifty day moving average of $34.61 and a two-hundred day moving average of $35.31.
STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. As a group, research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.
STAG Industrial Dividend Announcement
The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.63%. STAG Industrial's payout ratio is presently 143.27%.
Insider Buying and Selling at STAG Industrial
In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company's stock.
About STAG Industrial
(
Free Report)
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.
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