Dimensional Fund Advisors LP Sells 28,330 Shares of STAG Industrial, Inc. (NYSE:STAG)

Dimensional Fund Advisors LP reduced its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 1.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 2,797,149 shares of the real estate investment trust's stock after selling 28,330 shares during the quarter. Dimensional Fund Advisors LP owned 1.54% of STAG Industrial worth $94,600,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of STAG. FMR LLC boosted its holdings in shares of STAG Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock valued at $305,224,000 after buying an additional 2,088,839 shares during the period. Geode Capital Management LLC lifted its holdings in shares of STAG Industrial by 0.5% in the fourth 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 holdings 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. Norges Bank bought a new stake in STAG Industrial in the 4th quarter valued at approximately $75,471,000. Finally, Vaughan Nelson Investment Management L.P. grew its stake in shares of STAG Industrial by 4.6% during the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust's stock worth $61,905,000 after acquiring an additional 79,762 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.10% of the stock is currently owned by company insiders.

STAG Industrial Stock Performance

Shares of STAG Industrial stock traded up $0.07 during trading on Thursday, reaching $33.10. The company's stock had a trading volume of 1,152,356 shares, compared to its average volume of 1,194,389. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The business's 50-day moving average price is $34.19 and its 200-day moving average price is $35.05. The firm has a market cap of $6.18 billion, a PE ratio of 31.82 and a beta of 0.96. 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 (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The firm had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The company's quarterly revenue was up 9.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.59 EPS. Equities analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial's payout ratio is 143.27%.

Wall Street Analyst Weigh In

Several brokerages have commented on STAG. Barclays cut their price target on shares of 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 STAG Industrial from $40.00 to $36.00 and set an "outperform" rating on the stock in a research note on Monday, April 14th. Finally, Royal Bank of Canada lowered their target price on shares of 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 given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $39.57.

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.