STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Philadelphia Trust Co.

Philadelphia Trust Co. lessened its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 8.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 148,488 shares of the real estate investment trust's stock after selling 12,910 shares during the period. Philadelphia Trust Co. owned about 0.08% of STAG Industrial worth $5,022,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Norges Bank purchased a new stake in STAG Industrial in the fourth quarter valued at approximately $75,471,000. FMR LLC increased its holdings in shares of STAG Industrial by 30.1% during the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after buying an additional 2,088,839 shares during the last quarter. Raymond James Financial Inc. acquired a new position in STAG Industrial in the fourth quarter valued at $57,561,000. Franklin Resources Inc. increased its stake in STAG Industrial by 114.3% during the fourth quarter. Franklin Resources Inc. now owns 797,457 shares of the real estate investment trust's stock worth $26,970,000 after acquiring an additional 425,362 shares during the last quarter. Finally, Prudential Financial Inc. lifted its stake in shares of STAG Industrial by 19.3% in the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust's stock valued at $61,203,000 after purchasing an additional 292,252 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

Analyst Ratings Changes

STAG has been the topic of a number of recent research reports. Barclays reduced their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Raymond James reduced their price objective on STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Monday. Finally, Royal Bank of Canada reduced their price target on 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of "Hold" and a consensus target price of $39.57.

STAG Industrial Stock Up 2.2 %

STAG traded up $0.71 during trading on Thursday, hitting $33.22. The company had a trading volume of 452,953 shares, compared to its average volume of 1,195,784. The business has a 50-day moving average of $34.68 and a 200-day moving average of $35.42. The company has a market cap of $6.20 billion, a PE ratio of 31.94 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 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 announced its quarterly earnings data 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 return on equity of 5.51% and a net margin of 24.64%. As a group, analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.49%. STAG Industrial's dividend payout ratio (DPR) is 143.27%.

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.