STAG Industrial, Inc. (NYSE:STAG) Stock Holdings Boosted by JPMorgan Chase & Co.

JPMorgan Chase & Co. increased its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 33.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,004,562 shares of the real estate investment trust's stock after purchasing an additional 251,992 shares during the period. JPMorgan Chase & Co. owned 0.55% of STAG Industrial worth $33,974,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in STAG. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial during the 4th quarter valued at $43,000. Hilltop National Bank grew its position in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 362 shares during the period. Principal Securities Inc. increased its stake in 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 acquiring an additional 510 shares during the last quarter. Aew Capital Management L P increased its stake 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 worth $108,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of STAG Industrial in the 4th quarter valued at about $109,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analysts Forecast Growth

Several research firms have issued reports on STAG. Barclays decreased their price objective 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. Royal Bank of Canada lowered their price target 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 issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $40.14.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business's 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 completion of the sale, the director now owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.

STAG Industrial Stock Up 1.6 %

NYSE:STAG traded up $0.49 on Friday, reaching $31.39. The stock had a trading volume of 1,612,296 shares, compared to its average volume of 1,192,725. The company has a 50-day moving average of $34.83 and a 200 day moving average of $35.54. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market cap of $5.86 billion, a P/E ratio of 30.18 and a beta of 0.96. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63.

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

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 annualized dividend and a yield of 4.75%. STAG Industrial's dividend payout ratio is presently 143.27%.

STAG Industrial Company 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.