Thrivent Financial for Lutherans Has $17.63 Million Position in STAG Industrial, Inc. (NYSE:STAG)

Thrivent Financial for Lutherans trimmed its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 16.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 521,426 shares of the real estate investment trust's stock after selling 105,555 shares during the quarter. Thrivent Financial for Lutherans owned 0.29% of STAG Industrial worth $17,634,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of STAG. GSA Capital Partners LLP bought a new stake in shares of STAG Industrial in the 3rd quarter worth about $349,000. CIBC Asset Management Inc bought a new position in STAG Industrial during the 3rd quarter worth approximately $212,000. Quest Partners LLC acquired a new position in STAG Industrial in the third quarter valued at about $566,000. Pathstone Holdings LLC boosted its holdings in shares of STAG Industrial by 3.6% in the third quarter. Pathstone Holdings LLC now owns 100,622 shares of the real estate investment trust's stock valued at $3,935,000 after buying an additional 3,455 shares during the period. Finally, PNC Financial Services Group Inc. lifted its holdings in shares of STAG Industrial by 15.2% in the third quarter. PNC Financial Services Group Inc. now owns 26,807 shares of the real estate investment trust's stock valued at $1,048,000 after purchasing an additional 3,529 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

STAG has been the topic of several analyst reports. Raymond James boosted their price target 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. Royal Bank of Canada decreased their price target on shares of 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. Finally, Barclays cut their price target on 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $40.38.

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Insider Activity at STAG Industrial

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

STAG Industrial Price Performance

Shares of STAG stock traded up $0.19 during trading hours on Tuesday, reaching $34.66. The company's stock had a trading volume of 350,459 shares, compared to its average volume of 1,381,599. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The firm's 50 day simple moving average is $35.07 and its 200-day simple moving average is $36.17. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 33.33 and a beta of 1.05.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. Sell-side analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

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