GeoWealth Management LLC boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 150.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,369 shares of the real estate investment trust's stock after acquiring an additional 8,021 shares during the period. GeoWealth Management LLC's holdings in STAG Industrial were worth $452,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Swiss National Bank increased its holdings in shares of STAG Industrial by 0.8% in the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock valued at $12,114,000 after purchasing an additional 2,800 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of STAG Industrial in the 4th quarter worth $1,276,000. Congress Asset Management Co. raised its holdings in shares of STAG Industrial by 10.1% during the 4th quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock worth $7,472,000 after acquiring an additional 20,327 shares during the period. Asset Management One Co. Ltd. raised its holdings in shares of STAG Industrial by 2.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust's stock worth $12,159,000 after acquiring an additional 8,259 shares during the period. Finally, US Bancorp DE boosted its position in shares of STAG Industrial by 1.5% during the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock valued at $917,000 after acquiring an additional 402 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
STAG has been the topic of several recent analyst reports. Raymond James decreased their target price on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Monday, April 14th. Royal Bank of Canada decreased their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Finally, Barclays cut their target price on 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. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $39.57.
View Our Latest Report on STAG
STAG Industrial Trading Down 0.8 %
Shares of STAG stock traded down $0.27 on Friday, hitting $32.85. The stock had a trading volume of 827,521 shares, compared to its average volume of 1,194,197. The company's 50 day moving average price is $34.41 and its 200-day moving average price is $35.20. STAG Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63. The firm has a market capitalization of $6.13 billion, a P/E ratio of 31.59 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 (NYSE:STAG - Get Free Report) last posted its quarterly earnings data 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 net margin of 24.64% and a return on equity of 5.51%. Analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.
STAG Industrial Announces Dividend
The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.1242 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.54%. The ex-dividend date is Monday, June 30th. STAG Industrial's payout ratio is currently 143.27%.
Insider Buying and Selling
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 shares were 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 in the company, valued at $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 available at this link. 1.10% of the stock is currently owned by insiders.
STAG Industrial Profile
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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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