Norges Bank Acquires New Position in STAG Industrial, Inc. (NYSE:STAG)

Norges Bank purchased a new position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,231,549 shares of the real estate investment trust's stock, valued at approximately $75,471,000. Norges Bank owned 1.22% of STAG Industrial as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new position in STAG Industrial in the 4th quarter worth approximately $43,000. Hilltop National Bank increased its stake in shares of STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after acquiring an additional 362 shares during the period. Principal Securities Inc. raised its holdings in shares of STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after purchasing an additional 510 shares during the last quarter. Aew Capital Management L P lifted its position in STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in STAG Industrial in the fourth quarter valued at $109,000. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction dated 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 transaction, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

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STAG Industrial Price Performance

Shares of STAG Industrial stock traded down $1.28 during mid-day trading on Friday, reaching $32.88. 1,884,518 shares of the stock traded hands, compared to its average volume of 1,160,223. The stock has a market capitalization of $6.14 billion, a PE ratio of 31.62 and a beta of 1.05. The business has a 50-day moving average of $35.25 and a 200 day moving average of $35.94. 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 quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

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 return on equity of 5.51% and a net margin of 24.64%. On average, analysts predict 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. Shareholders of record on Monday, March 3rd were issued a $0.1242 dividend. This is an increase from STAG Industrial's previous dividend of $0.12. The ex-dividend date of this dividend was Friday, February 28th. This represents a yield of 4.25%. STAG Industrial's dividend payout ratio is presently 143.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on STAG shares. Raymond James lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. 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 report on Monday, January 27th. Finally, Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $40.38.

About STAG Industrial

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.