Allspring Global Investments Holdings LLC Has $4.43 Million Stock Holdings in Stag Industrial, Inc. $STAG

Allspring Global Investments Holdings LLC decreased its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 43.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 121,321 shares of the real estate investment trust's stock after selling 93,605 shares during the period. Allspring Global Investments Holdings LLC owned 0.07% of Stag Industrial worth $4,433,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in shares of Stag Industrial by 55.3% during the 1st quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust's stock valued at $1,435,000 after purchasing an additional 14,155 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Stag Industrial by 2.7% during the 1st quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock valued at $15,497,000 after purchasing an additional 11,408 shares in the last quarter. Janney Montgomery Scott LLC boosted its position in shares of Stag Industrial by 4.7% during the 1st quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after purchasing an additional 571 shares in the last quarter. Wealth Enhancement Advisory Services LLC boosted its position in shares of Stag Industrial by 8.7% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock valued at $587,000 after purchasing an additional 1,295 shares in the last quarter. Finally, Park Avenue Securities LLC bought a new stake in shares of Stag Industrial during the 2nd quarter valued at about $268,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

STAG has been the topic of several research analyst reports. Evercore ISI upped their target price on Stag Industrial from $40.00 to $41.00 and gave the company an "outperform" rating in a research report on Monday, September 15th. Industrial Alliance Securities set a $37.00 price target on Stag Industrial in a report on Wednesday, October 1st. Cantor Fitzgerald started coverage on Stag Industrial in a report on Wednesday, October 1st. They issued a "neutral" rating and a $37.00 price target on the stock. Finally, Weiss Ratings reiterated a "hold (c+)" rating on shares of Stag Industrial in a report on Wednesday, October 8th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $38.00.

Insider Buying and Selling

In other news, Director Larry T. Guillemette sold 2,004 shares of the firm's stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total value of $70,540.80. Following the transaction, the director owned 38,666 shares in the company, valued at $1,361,043.20. This trade represents a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Benjamin S. Butcher sold 25,000 shares of the stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director directly owned 7,562 shares of the company's stock, valued at $279,113.42. The trade was a 76.78% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Stag Industrial Stock Up 1.7%

STAG stock opened at $38.84 on Tuesday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $38.88. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. The stock's 50 day moving average is $36.04 and its 200-day moving average is $35.25. The firm has a market capitalization of $7.25 billion, a PE ratio of 30.58 and a beta of 0.92.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share for the quarter, meeting analysts' consensus estimates of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company had revenue of $207.44 million for the quarter, compared to analyst estimates of $206.37 million. During the same quarter last year, the company earned $0.61 earnings per share. The company's revenue for the quarter was up 9.4% on a year-over-year basis. Sell-side analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be issued a $0.1242 dividend. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date is Wednesday, December 31st. Stag Industrial's dividend payout ratio (DPR) is currently 117.32%.

Stag Industrial Company 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.

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