Centersquare Investment Management LLC grew its holdings in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 26.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 184,800 shares of the real estate investment trust's stock after buying an additional 39,000 shares during the period. Centersquare Investment Management LLC owned 0.10% of Stag Industrial worth $6,675,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also made changes to their positions in STAG. FMR LLC boosted its position in Stag Industrial by 30.1% during the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after acquiring an additional 2,088,839 shares during the period. Earnest Partners LLC lifted its stake in shares of Stag Industrial by 6.6% in 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 acquiring an additional 235,622 shares during the period. Nuveen Asset Management LLC increased its stake in shares of Stag Industrial by 5.9% during the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock valued at $124,445,000 after acquiring an additional 204,948 shares during the period. Geode Capital Management LLC boosted its stake in Stag Industrial by 0.5% during 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. Finally, Boston Trust Walden Corp grew its holdings in Stag Industrial by 17.5% during the first quarter. Boston Trust Walden Corp now owns 2,942,495 shares of the real estate investment trust's stock worth $106,283,000 after acquiring an additional 437,527 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have recently issued reports on the stock. Robert W. Baird lowered their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 price target on shares of Stag Industrial in a report on Monday, May 19th. Raymond James Financial boosted their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Evercore ISI increased their price target on Stag Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, July 30th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $38.17.
Read Our Latest Research Report on STAG
Insider Activity at Stag Industrial
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 stock was sold at an average price of $36.90, for a total value of $1,064,306.70. Following the transaction, the director directly owned 7,115 shares of the company's stock, valued at approximately $262,543.50. This trade represents a 80.21% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.10% of the company's stock.
Stag Industrial Stock Down 1.4%
Shares of NYSE:STAG traded down $0.51 during midday trading on Wednesday, hitting $34.66. 1,552,981 shares of the stock were exchanged, compared to its average volume of 1,548,164. The company has a market capitalization of $6.47 billion, a PE ratio of 27.29 and a beta of 0.91. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $40.75. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. The business's fifty day simple moving average is $36.01 and its two-hundred day simple moving average is $34.96.
Stag Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.63. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%. The business had revenue of $207.44 million during the quarter, compared to analyst estimates of $206.37 million. During the same period in the previous year, the company earned $0.61 EPS. The firm's revenue was up 9.4% on a year-over-year basis. As a group, research 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 dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a dividend yield of 422.0%. Stag Industrial's dividend payout ratio is currently 117.32%.
About Stag Industrial
(
Free Report)
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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