Fort Washington Investment Advisors Inc. OH Has $22.28 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Fort Washington Investment Advisors Inc. OH boosted its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 7.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 616,866 shares of the real estate investment trust's stock after acquiring an additional 41,710 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.33% of STAG Industrial worth $22,281,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Virginia Wealth Management Group Inc. raised its position in shares of STAG Industrial by 4.4% during the first quarter. Virginia Wealth Management Group Inc. now owns 87,688 shares of the real estate investment trust's stock valued at $3,167,000 after buying an additional 3,713 shares during the last quarter. Integrated Advisors Network LLC increased its stake in STAG Industrial by 5.1% in the first quarter. Integrated Advisors Network LLC now owns 12,271 shares of the real estate investment trust's stock valued at $443,000 after acquiring an additional 598 shares during the period. SG Americas Securities LLC increased its stake in STAG Industrial by 391.5% in the first quarter. SG Americas Securities LLC now owns 368,815 shares of the real estate investment trust's stock valued at $13,322,000 after acquiring an additional 293,777 shares during the period. Wealthcare Advisory Partners LLC bought a new stake in STAG Industrial in the first quarter valued at about $206,000. Finally, Vert Asset Management LLC increased its stake in STAG Industrial by 7.0% in the first quarter. Vert Asset Management LLC now owns 85,121 shares of the real estate investment trust's stock valued at $3,075,000 after acquiring an additional 5,605 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Insider Activity

In other STAG Industrial 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 transaction, the director now directly owns 7,115 shares of the company's stock, valued at approximately $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 can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STAG. Robert W. Baird lowered their target price 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 reissued a "sector perform" rating and issued a $38.00 target price on shares of STAG Industrial in a research note on Monday, May 19th. Finally, Raymond James upped their target price on shares of STAG Industrial from $36.00 to $38.00 and gave the company 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 given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $39.71.

STAG Industrial Price Performance

Shares of STAG Industrial stock traded down $0.30 during trading on Friday, reaching $36.34. The company's stock had a trading volume of 1,495,491 shares, compared to its average volume of 1,270,186. The stock has a 50-day moving average price of $34.20 and a two-hundred day moving average price of $34.62. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The stock has a market capitalization of $6.78 billion, a P/E ratio of 34.94 and a beta of 0.94.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings results 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 24.64% and a return on equity of 5.51%. The business had revenue of $205.57 million for the quarter, compared to analysts' expectations of $202.04 million. During the same period in the prior year, the firm earned $0.59 earnings per share. STAG Industrial's revenue was up 9.7% compared to the same quarter last year. As a group, sell-side analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The business also recently declared a dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be paid a dividend of $0.1242 per share. The ex-dividend date is Friday, May 30th. This represents a dividend yield of 4.37%. STAG Industrial's dividend payout ratio (DPR) is currently 112.03%.

About STAG Industrial

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.