Boston Trust Walden Corp Buys 437,527 Shares of Stag Industrial, Inc. (NYSE:STAG)

Boston Trust Walden Corp raised its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 17.5% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,942,495 shares of the real estate investment trust's stock after buying an additional 437,527 shares during the quarter. Boston Trust Walden Corp owned 1.58% of Stag Industrial worth $106,283,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Johnson Investment Counsel Inc. raised its position in shares of Stag Industrial by 1.2% during the first quarter. Johnson Investment Counsel Inc. now owns 75,975 shares of the real estate investment trust's stock worth $2,744,000 after purchasing an additional 928 shares during the period. State of Alaska Department of Revenue raised its position in shares of Stag Industrial by 2.0% during the first quarter. State of Alaska Department of Revenue now owns 110,262 shares of the real estate investment trust's stock worth $3,981,000 after purchasing an additional 2,203 shares during the period. Shepherd Financial Partners LLC raised its position in shares of Stag Industrial by 4.2% during the first quarter. Shepherd Financial Partners LLC now owns 19,259 shares of the real estate investment trust's stock worth $696,000 after purchasing an additional 784 shares during the period. Chicago Capital LLC acquired a new stake in shares of Stag Industrial during the first quarter worth about $213,000. Finally, Janney Montgomery Scott LLC raised its position in shares of Stag Industrial by 4.7% during the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock worth $459,000 after purchasing an additional 571 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Stag Industrial Stock Up 0.2%

STAG stock traded up $0.06 during mid-day trading on Friday, reaching $36.38. The company had a trading volume of 1,904,513 shares, compared to its average volume of 1,271,181. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.25 and a quick ratio of 1.25. The stock has a 50 day simple moving average of $34.68 and a two-hundred day simple moving average of $34.61. The company has a market capitalization of $6.79 billion, a price-to-earnings ratio of 27.35 and a beta of 0.94. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. The firm had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The business's revenue was up 9.7% compared to the same quarter last year. During the same period last year, the company earned $0.59 earnings per share. As a group, equities 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 declared a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were paid a $0.1242 dividend. The ex-dividend date was Friday, May 30th. This represents a yield of 4.37%. Stag Industrial's dividend payout ratio is 112.03%.

Insider Buying and Selling at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction on Friday, June 6th. The stock was sold at an average price of $36.90, for a total value of $1,064,306.70. Following the sale, the director now owns 7,115 shares in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of research analyst reports. Raymond James Financial raised their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Robert W. Baird dropped their target price on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 target price on shares of Stag Industrial in a research report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $39.71.

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.