KLP Kapitalforvaltning AS Purchases Shares of 37,600 STAG Industrial, Inc. (NYSE:STAG)

KLP Kapitalforvaltning AS acquired a new stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 37,600 shares of the real estate investment trust's stock, valued at approximately $1,276,000.

Other institutional investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after purchasing an additional 4,111,268 shares during the period. Raymond James Financial Inc. purchased a new position in shares of STAG Industrial in the fourth quarter worth $57,561,000. Heitman Real Estate Securities LLC boosted its position in shares of STAG Industrial by 19.8% during the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust's stock worth $41,588,000 after acquiring an additional 175,993 shares during the last quarter. Channing Capital Management LLC grew its stake in STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock valued at $76,421,000 after acquiring an additional 164,284 shares in the last quarter. Finally, New York State Common Retirement Fund increased its holdings in STAG Industrial by 15.7% in the 4th quarter. New York State Common Retirement Fund now owns 1,084,284 shares of the real estate investment trust's stock valued at $36,670,000 after acquiring an additional 146,942 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

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Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm'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 sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

STAG Industrial Stock Down 0.8 %

Shares of STAG traded down $0.29 during midday trading on Wednesday, reaching $35.94. 1,021,197 shares of the stock were exchanged, compared to its average volume of 1,438,112. The company has a market capitalization of $6.71 billion, a P/E ratio of 34.56 and a beta of 1.05. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63. The company's 50 day moving average is $35.24 and its two-hundred day moving average is $36.01.

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 net margin of 24.64% and a return on equity of 5.51%. On average, sell-side analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were given a dividend of $0.1242 per share. This represents a yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. This is a boost from STAG Industrial's previous dividend of $0.12. STAG Industrial's dividend payout ratio (DPR) is 143.27%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Barclays cut 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 report on Tuesday, January 28th. Royal Bank of Canada reduced their target price 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. Finally, Raymond James increased their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.38.

STAG Industrial 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.