Johnson Investment Counsel Inc. Grows Holdings in STAG Industrial, Inc. (NYSE:STAG)

Johnson Investment Counsel Inc. increased its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 16.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 75,047 shares of the real estate investment trust's stock after purchasing an additional 10,750 shares during the quarter. Johnson Investment Counsel Inc.'s holdings in STAG Industrial were worth $2,538,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Daiwa Securities Group Inc. boosted its holdings in STAG Industrial by 13.6% during the fourth quarter. Daiwa Securities Group Inc. now owns 275,473 shares of the real estate investment trust's stock worth $9,316,000 after purchasing an additional 32,940 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in STAG Industrial by 27.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 137,022 shares of the real estate investment trust's stock worth $4,634,000 after purchasing an additional 29,571 shares during the last quarter. AlphaQuest LLC boosted its holdings in STAG Industrial by 448.6% during the fourth quarter. AlphaQuest LLC now owns 79,387 shares of the real estate investment trust's stock worth $2,685,000 after purchasing an additional 64,916 shares during the last quarter. Inceptionr LLC boosted its holdings in STAG Industrial by 31.8% during the fourth quarter. Inceptionr LLC now owns 31,402 shares of the real estate investment trust's stock worth $1,062,000 after purchasing an additional 7,577 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in STAG Industrial during the fourth quarter worth about $57,561,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Price Performance

STAG opened at $36.41 on Wednesday. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 35.01 and a beta of 1.05. 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 firm has a 50-day moving average price of $34.70 and a 200-day moving average price of $36.49. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63.

Remove Ads

STAG Industrial (NYSE:STAG - Get Free Report) last posted its earnings results 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%. Equities analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a $0.1242 dividend. This represents a dividend yield of 4.25%. This is an increase from STAG Industrial's previous dividend of $0.12. The ex-dividend date is Friday, February 28th. STAG Industrial's dividend payout ratio is presently 143.27%.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the 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 sale, the director now directly owns 9,632 shares of the company's stock, valued at approximately $338,083.20. This 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 the SEC website. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

STAG has been the topic of several analyst reports. Royal Bank of Canada cut their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Barclays decreased their price target 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. Finally, Raymond James increased their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $40.38.

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.

Want to see what other hedge funds are holding STAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STAG Industrial, Inc. (NYSE:STAG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.