Bokf Na Sells 29,095 Shares of STAG Industrial, Inc. (NYSE:STAG)

BOKF NA lowered its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 11.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 234,042 shares of the real estate investment trust's stock after selling 29,095 shares during the quarter. BOKF NA owned 0.13% of STAG Industrial worth $7,581,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. FMR LLC lifted its holdings in STAG Industrial by 30.1% in the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after buying an additional 2,088,839 shares in the last quarter. Earnest Partners LLC increased its holdings in STAG Industrial by 6.6% during the 4th quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock worth $128,361,000 after purchasing an additional 235,622 shares during the last quarter. Geode Capital Management LLC raised its position in shares of STAG Industrial by 0.5% in the 4th quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock valued at $115,748,000 after purchasing an additional 18,009 shares in the last quarter. Channing Capital Management LLC grew its position in shares of STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock worth $76,421,000 after buying an additional 164,284 shares in the last quarter. Finally, Norges Bank bought a new stake in shares of STAG Industrial in the fourth quarter worth $75,471,000. Hedge funds and other 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 the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction 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 represents a 83.85% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on STAG shares. Raymond James lifted their price objective on shares of STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird dropped their target price on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Royal Bank of Canada lowered their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Finally, Barclays reduced their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $39.63.

STAG Industrial Stock Performance

Shares of NYSE STAG traded up $0.99 during mid-day trading on Monday, hitting $35.60. The company had a trading volume of 769,537 shares, compared to its average volume of 1,204,997. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $6.64 billion, a P/E ratio of 34.25 and a beta of 0.93. The business's 50-day simple moving average is $33.94 and its 200-day simple moving average is $34.83.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.01. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the company posted $0.59 EPS. As a group, analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.19%. STAG Industrial's payout ratio is 112.03%.

About STAG Industrial

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.