Boston Trust Walden Corp Has $98.15 Million Holdings in STAG Industrial, Inc. (NYSE:STAG)

Boston Trust Walden Corp reduced its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 1.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,510,755 shares of the real estate investment trust's stock after selling 41,997 shares during the quarter. Boston Trust Walden Corp owned 1.38% of STAG Industrial worth $98,145,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its stake in shares of STAG Industrial by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust's stock worth $1,008,560,000 after acquiring an additional 176,332 shares in the last quarter. Earnest Partners LLC increased its stake in STAG Industrial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust's stock valued at $131,727,000 after buying an additional 78,189 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in STAG Industrial by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust's stock worth $103,333,000 after buying an additional 167,532 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in shares of STAG Industrial by 7.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust's stock worth $64,045,000 after buying an additional 115,480 shares during the last quarter. Finally, Scout Investments Inc. grew its holdings in shares of STAG Industrial by 6.3% in the 1st quarter. Scout Investments Inc. now owns 1,452,639 shares of the real estate investment trust's stock valued at $54,677,000 after acquiring an additional 85,488 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts recently commented on STAG shares. Barclays increased their price target on STAG Industrial from $38.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 14th. Wells Fargo & Company increased their price objective on STAG Industrial from $37.00 to $41.00 and gave the company an "equal weight" rating in a report on Wednesday, August 28th. Evercore ISI upped their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Finally, Wedbush lifted their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an "outperform" rating in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, STAG Industrial presently has a consensus rating of "Hold" and a consensus price target of $41.22.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of the company's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares in the company, valued at approximately $357,151.24. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

STAG Industrial Stock Performance

STAG Industrial stock traded down $0.76 during trading hours on Friday, hitting $37.05. The company had a trading volume of 1,118,149 shares, compared to its average volume of 1,068,044. The firm has a 50-day moving average of $39.02 and a 200 day moving average of $37.44. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a market cap of $6.75 billion, a PE ratio of 35.63 and a beta of 1.09. STAG Industrial, Inc. has a one year low of $31.79 and a one year high of $41.63.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 3.99%. STAG Industrial's payout ratio is currently 142.31%.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.