STAG Industrial, Inc. (NYSE:STAG) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. decreased its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 52.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 12,856 shares of the real estate investment trust's stock after selling 13,951 shares during the period. PNC Financial Services Group Inc.'s holdings in STAG Industrial were worth $435,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Inceptionr LLC lifted its holdings in STAG Industrial by 31.8% in the fourth quarter. Inceptionr LLC now owns 31,402 shares of the real estate investment trust's stock valued at $1,062,000 after acquiring an additional 7,577 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of STAG Industrial in the 4th quarter valued at $57,561,000. Arizona State Retirement System grew its holdings in shares of STAG Industrial by 0.8% during the 4th quarter. Arizona State Retirement System now owns 52,852 shares of the real estate investment trust's stock worth $1,787,000 after purchasing an additional 423 shares during the period. Verdence Capital Advisors LLC increased its position in shares of STAG Industrial by 7.0% during the 4th quarter. Verdence Capital Advisors LLC now owns 10,324 shares of the real estate investment trust's stock worth $349,000 after purchasing an additional 676 shares during the last quarter. Finally, Aigen Investment Management LP raised its holdings in STAG Industrial by 180.6% in the 4th quarter. Aigen Investment Management LP now owns 23,929 shares of the real estate investment trust's stock valued at $809,000 after buying an additional 15,401 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

Several research analysts have weighed in on the stock. Barclays lowered 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 research note on Tuesday, January 28th. Raymond James increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada decreased their price target on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.38.

STAG Industrial Stock Up 1.4 %

NYSE:STAG traded up $0.46 during mid-day trading on Monday, hitting $34.48. The stock had a trading volume of 1,444,214 shares, compared to its average volume of 1,078,715. 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 twelve month low of $32.27 and a twelve month high of $41.63. The company has a market capitalization of $6.44 billion, a PE ratio of 33.16 and a beta of 1.05. The stock has a 50-day simple moving average of $35.04 and a two-hundred day simple moving average of $36.21.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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, equities research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

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

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction that occurred on 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 in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company's stock.

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.