Stag Industrial, Inc. $STAG Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 88.8% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 129,036 shares of the real estate investment trust's stock after selling 1,019,681 shares during the quarter. Deutsche Bank AG owned approximately 0.07% of Stag Industrial worth $4,661,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Teacher Retirement System of Texas lifted its stake in Stag Industrial by 55.3% in 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 buying an additional 14,155 shares in the last quarter. Principal Financial Group Inc. lifted its stake 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 worth $15,497,000 after purchasing an additional 11,408 shares during the period. Janney Montgomery Scott LLC lifted its stake 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 worth $459,000 after purchasing an additional 571 shares during the period. Wealth Enhancement Advisory Services LLC lifted its stake 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 worth $587,000 after purchasing an additional 1,295 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in shares of Stag Industrial by 2.8% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 3,212,192 shares of the real estate investment trust's stock worth $116,024,000 after purchasing an additional 87,659 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insider Transactions 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 completion of the sale, the director directly owned 7,115 shares in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of recent analyst reports. Royal Bank Of Canada reissued a "sector perform" rating and set a $38.00 price target on shares of Stag Industrial in a research note on Monday, May 19th. Robert W. Baird reduced their price target on Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Evercore ISI increased their price target on Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Raymond James Financial increased their price target on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Two investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $38.17.

Stag Industrial Trading Up 3.8%

Shares of STAG stock traded up $1.35 on Friday, reaching $36.93. 219,618 shares of the stock were exchanged, compared to its average volume of 1,479,229. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $40.75. The stock has a market cap of $6.89 billion, a P/E ratio of 29.03 and a beta of 0.91. 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 firm has a 50 day moving average of $35.70 and a two-hundred day moving average of $35.02.

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 firm had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. During the same period in the prior year, the firm earned $0.61 EPS. The firm's quarterly revenue was up 9.4% compared to the same quarter last year. On average, research analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The business also recently declared a dividend, which was paid on Friday, August 15th. Investors of record on Friday, August 1st were issued a $0.1242 dividend. This represents a yield of 422.0%. The ex-dividend date was Thursday, July 31st. Stag Industrial's dividend payout ratio 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.