LPL Financial LLC lifted its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 136,261 shares of the real estate investment trust's stock after purchasing an additional 12,735 shares during the period. LPL Financial LLC owned about 0.07% of STAG Industrial worth $4,608,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors have also bought and sold shares of the business. Fox Run Management L.L.C. purchased a new stake in STAG Industrial in the 4th quarter worth $351,000. KLP Kapitalforvaltning AS purchased a new stake in STAG Industrial in the 4th quarter worth about $1,276,000. Sei Investments Co. grew its position in STAG Industrial by 10.8% in the 4th quarter. Sei Investments Co. now owns 586,930 shares of the real estate investment trust's stock valued at $19,850,000 after acquiring an additional 57,341 shares during the last quarter. American Century Companies Inc. increased its stake in STAG Industrial by 3.4% in the 4th quarter. American Century Companies Inc. now owns 63,082 shares of the real estate investment trust's stock worth $2,133,000 after buying an additional 2,045 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of STAG Industrial by 38.2% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 99,198 shares of the real estate investment trust's stock valued at $3,355,000 after acquiring an additional 27,405 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.
STAG Industrial Stock Performance
NYSE:STAG traded up $0.09 during trading hours on Tuesday, reaching $32.19. The company had a trading volume of 153,527 shares, compared to its average volume of 1,527,785. The firm has a market cap of $6.01 billion, a PE ratio of 30.96 and a beta of 0.96. STAG Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $41.63. The business's 50 day moving average price is $34.78 and its 200-day moving average price is $35.47. 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 earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (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%. Research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.
STAG Industrial Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a $0.1242 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.63%. STAG Industrial's dividend payout ratio is presently 143.27%.
Wall Street Analyst Weigh In
STAG has been the topic of a number of research reports. Royal Bank of Canada cut 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 research report on Monday, January 27th. Raymond James cut their price objective on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a report on Monday. Finally, Barclays reduced 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $39.57.
Get Our Latest Analysis on STAG Industrial
Insider Buying and Selling
In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on 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 owns 9,632 shares of the company's stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.
STAG Industrial Company 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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