FineMark National Bank & Trust increased its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 44.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 151,358 shares of the real estate investment trust's stock after acquiring an additional 46,553 shares during the quarter. FineMark National Bank & Trust owned approximately 0.08% of STAG Industrial worth $5,119,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of STAG. Segall Bryant & Hamill LLC lifted its position in STAG Industrial by 0.8% during the 4th quarter. Segall Bryant & Hamill LLC now owns 1,102,124 shares of the real estate investment trust's stock worth $37,274,000 after acquiring an additional 8,970 shares during the period. Prudential Financial Inc. raised its stake in shares of STAG Industrial by 19.3% during 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 purchasing an additional 292,252 shares during the last quarter. LPL Financial LLC lifted its holdings in shares of STAG Industrial by 10.3% during the fourth quarter. LPL Financial LLC now owns 136,261 shares of the real estate investment trust's stock worth $4,608,000 after purchasing an additional 12,735 shares during the period. Fox Run Management L.L.C. purchased a new position in STAG Industrial in the 4th quarter valued at $351,000. Finally, KLP Kapitalforvaltning AS acquired a new position in STAG Industrial in the 4th quarter valued at $1,276,000. Hedge funds and other institutional investors own 88.67% of the company's stock.
STAG Industrial Price Performance
STAG traded up $0.14 on Friday, hitting $35.58. 1,649,468 shares of the company were exchanged, compared to its average volume of 1,131,497. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market capitalization of $6.64 billion, a P/E ratio of 34.21 and a beta of 1.05. The business's fifty day moving average is $35.17 and its 200 day moving average is $36.08.
STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. As a group, sell-side analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.
STAG Industrial Increases Dividend
The firm also recently disclosed a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.1242 dividend. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from STAG Industrial's previous dividend of $0.12. This represents a dividend yield of 4.25%. STAG Industrial's payout ratio is currently 143.27%.
Insider Activity 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 transaction was disclosed in a filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.
Analyst Ratings Changes
Several research firms have recently commented on STAG. Barclays reduced their target price on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Raymond James raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada dropped their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, STAG Industrial presently has a consensus rating of "Moderate Buy" and an average target price of $40.38.
Get Our Latest Report on STAG Industrial
STAG Industrial Company Profile
(
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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