Boston Trust Walden Corp Increases Stock Holdings in Stag Industrial, Inc. (NYSE:STAG)

Boston Trust Walden Corp lifted its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 17.5% in the first 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 purchasing an additional 437,527 shares during the quarter. Boston Trust Walden Corp owned about 1.58% of Stag Industrial worth $106,283,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of STAG. Versant Capital Management Inc boosted its stake in Stag Industrial by 204.9% during the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust's stock worth $27,000 after buying an additional 506 shares during the period. Quarry LP purchased a new position in Stag Industrial during the fourth quarter worth about $62,000. Principal Securities Inc. boosted its stake in Stag Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after buying an additional 510 shares during the period. UMB Bank n.a. boosted its stake in Stag Industrial by 175.3% during the first quarter. UMB Bank n.a. now owns 2,907 shares of the real estate investment trust's stock worth $105,000 after buying an additional 1,851 shares during the period. Finally, Aew Capital Management L P boosted its stake in Stag Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on STAG. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a research note on Monday, May 19th. Robert W. Baird lowered their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Finally, Raymond James Financial increased their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Stag Industrial currently has an average rating of "Hold" and a consensus price target of $39.71.

Insider Activity

In related news, Director Benjamin S. Butcher sold 28,843 shares of the firm's stock in a transaction that occurred on Friday, June 6th. The shares were 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 of the company's stock, valued at $262,543.50. This trade represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.10% of the company's stock.

Stag Industrial Trading Up 0.5%

NYSE STAG opened at $36.30 on Thursday. The firm has a 50 day simple moving average of $34.48 and a 200-day simple moving average of $34.62. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The firm has a market cap of $6.77 billion, a price-to-earnings ratio of 27.29 and a beta of 0.94.

Stag Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The business had revenue of $205.57 million during the quarter, compared to analyst estimates of $202.04 million. During the same quarter last year, the firm posted $0.59 earnings per share. The business's revenue for the quarter was up 9.7% compared to the same quarter last year. Equities research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently disclosed a dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 2nd were paid a $0.1242 dividend. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend was Friday, May 30th. Stag Industrial's payout ratio is 112.03%.

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.

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