Mesirow Institutional Investment Management Inc. Has $11.27 Million Position in STAG Industrial, Inc. (NYSE:STAG)

Mesirow Institutional Investment Management Inc. decreased its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 18.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 333,340 shares of the real estate investment trust's stock after selling 75,191 shares during the quarter. Mesirow Institutional Investment Management Inc. owned about 0.18% of STAG Industrial worth $11,274,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of STAG. HighTower Advisors LLC grew its position in STAG Industrial by 22.6% in the third quarter. HighTower Advisors LLC now owns 13,620 shares of the real estate investment trust's stock worth $537,000 after buying an additional 2,508 shares during the last quarter. MML Investors Services LLC boosted its position in shares of STAG Industrial by 22.2% in the 3rd quarter. MML Investors Services LLC now owns 10,338 shares of the real estate investment trust's stock valued at $404,000 after purchasing an additional 1,877 shares during the period. Sanctuary Advisors LLC increased its stake in STAG Industrial by 122.0% in the 3rd quarter. Sanctuary Advisors LLC now owns 21,583 shares of the real estate investment trust's stock worth $787,000 after purchasing an additional 11,859 shares in the last quarter. Hilltop National Bank raised its holdings in STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after buying an additional 362 shares during the period. Finally, Bridge Creek Capital Management LLC lifted its stake in STAG Industrial by 0.4% during the fourth quarter. Bridge Creek Capital Management LLC now owns 142,417 shares of the real estate investment trust's stock valued at $4,817,000 after buying an additional 600 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

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 completion of the sale, the director now owns 9,632 shares of the company's stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

STAG has been the topic of several analyst reports. Raymond James dropped their target price on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research report on Monday, April 14th. Barclays lowered their price objective 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. Finally, Royal Bank of Canada reduced their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $39.57.

STAG Industrial Stock Up 1.3 %

STAG stock traded up $0.41 during midday trading on Thursday, reaching $33.11. The company had a trading volume of 1,058,281 shares, compared to its average volume of 1,197,129. The company has a 50 day moving average of $34.45 and a two-hundred day moving average of $35.23. The company has a market capitalization of $6.18 billion, a P/E ratio of 31.84 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 current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

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, topping 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, equities research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The company 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 of this dividend is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.50%. STAG Industrial's payout ratio 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.