CANADA LIFE ASSURANCE Co Boosts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

CANADA LIFE ASSURANCE Co increased its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 4.1% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 379,200 shares of the real estate investment trust's stock after acquiring an additional 14,921 shares during the period. CANADA LIFE ASSURANCE Co owned approximately 0.21% of STAG Industrial worth $12,818,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC purchased a new position in shares of STAG Industrial during the fourth quarter worth $43,000. Hilltop National Bank raised its stake 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 buying an additional 362 shares during the last quarter. Principal Securities Inc. lifted its holdings 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 valued at $101,000 after buying an additional 510 shares during the period. Aew Capital Management L P boosted its stake in shares of STAG Industrial by 52.4% in 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 buying an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in STAG Industrial during the fourth quarter worth about $109,000. Institutional investors and hedge funds own 88.67% of the company's stock.

STAG Industrial Price Performance

NYSE STAG traded up $0.41 during trading hours on Thursday, hitting $33.11. 1,058,281 shares of the company's stock traded hands, compared to its average volume of 1,195,664. The company has a market capitalization of $6.18 billion, a PE ratio of 31.84 and a beta of 0.96. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63. The firm's 50-day moving average is $34.45 and its 200-day moving average is $35.23.

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

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is presently 143.27%.

Analyst Upgrades and Downgrades

Several research firms have commented on STAG. Barclays lowered 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 dropped their price target 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. Finally, Royal Bank of Canada decreased 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 report on Monday, January 27th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $39.57.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

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.