STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 0.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,830,899 shares of the real estate investment trust's stock after selling 93,797 shares during the period. Vanguard Group Inc. owned 14.18% of STAG Industrial worth $873,601,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. FMR LLC grew its holdings in shares of STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock valued at $271,132,000 after buying an additional 4,111,268 shares during the last quarter. Raymond James Financial Inc. purchased a new position in shares of STAG Industrial in the fourth quarter worth about $57,561,000. Heitman Real Estate Securities LLC lifted its holdings in shares of STAG Industrial by 19.8% during the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust's stock worth $41,588,000 after purchasing an additional 175,993 shares during the period. Channing Capital Management LLC boosted its position in STAG Industrial by 7.8% in the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock valued at $76,421,000 after buying an additional 164,284 shares during the last quarter. Finally, New York State Common Retirement Fund increased its holdings in STAG Industrial by 15.7% in the 4th quarter. New York State Common Retirement Fund now owns 1,084,284 shares of the real estate investment trust's stock worth $36,670,000 after buying an additional 146,942 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.

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STAG Industrial Trading Down 0.8 %

Shares of STAG Industrial stock traded down $0.29 during mid-day trading on Wednesday, hitting $35.94. The stock had a trading volume of 1,021,197 shares, compared to its average volume of 1,438,112. The firm has a 50-day moving average of $35.24 and a two-hundred day moving average of $36.01. The firm has a market cap of $6.71 billion, a P/E ratio of 34.56 and a beta of 1.05. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its 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%. 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 declared a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a $0.1242 dividend. This represents a dividend yield of 4.25%. This is an increase from STAG Industrial's previous dividend of $0.12. The ex-dividend date was Friday, February 28th. STAG Industrial's payout ratio is 143.27%.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of recent research reports. Barclays lowered their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada decreased their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Finally, Raymond James lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.38.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the 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 sale, the director now directly owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

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.