Bessemer Group Inc. Boosts Holdings in STAG Industrial, Inc. (NYSE:STAG)

Bessemer Group Inc. increased its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 3.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 623,085 shares of the real estate investment trust's stock after acquiring an additional 20,478 shares during the quarter. Bessemer Group Inc. owned about 0.34% of STAG Industrial worth $21,072,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in shares of STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust's stock worth $133,077,000 after acquiring an additional 21,925 shares during the last quarter. Swiss National Bank grew its stake in shares of STAG Industrial by 0.8% in the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock worth $12,114,000 after buying an additional 2,800 shares in the last quarter. Stifel Financial Corp boosted its holdings in shares of STAG Industrial by 5.6% in the 3rd quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust's stock worth $2,044,000 after purchasing an additional 2,795 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in shares of STAG Industrial in the fourth quarter worth approximately $1,276,000. Finally, Congress Asset Management Co. boosted its holdings in shares of STAG Industrial by 10.1% in the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock valued at $7,472,000 after purchasing an additional 20,327 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

STAG has been the topic of several analyst reports. Barclays cut their price target on 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. Raymond James dropped their price objective 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. Finally, Royal Bank of Canada dropped their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, STAG Industrial currently has an average rating of "Hold" and an average price target of $39.57.

Insider Buying and Selling at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the sale, the director now 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 filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

STAG Industrial Price Performance

NYSE:STAG traded up $0.29 during mid-day trading on Wednesday, reaching $32.66. 359,475 shares of the company were exchanged, compared to its average volume of 1,528,577. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The company has a fifty day moving average of $34.73 and a 200 day moving average of $35.44. 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 stock has a market cap of $6.09 billion, a PE ratio of 31.40 and a beta of 0.96.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a dividend of $0.1242 per share. The ex-dividend date is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.56%. STAG Industrial's payout ratio is presently 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.