Stag Industrial, Inc. (NYSE:STAG) Holdings Decreased by GW&K Investment Management LLC

GW&K Investment Management LLC cut its stake in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 2.9% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,391,902 shares of the real estate investment trust's stock after selling 41,926 shares during the quarter. GW&K Investment Management LLC owned about 0.75% of Stag Industrial worth $50,275,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Norges Bank bought a new stake in Stag Industrial during the 4th quarter valued at about $75,471,000. FMR LLC lifted its holdings in shares of Stag Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after buying an additional 2,088,839 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Stag Industrial by 442.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock worth $46,144,000 after buying an additional 1,112,757 shares in the last quarter. Northern Trust Corp increased its position in Stag Industrial by 33.3% in the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock worth $70,685,000 after purchasing an additional 522,568 shares during the last quarter. Finally, Woodline Partners LP purchased a new position in Stag Industrial during the fourth quarter worth $15,446,000. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on STAG shares. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th. Robert W. Baird cut their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Finally, Raymond James Financial upped their target price on Stag Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $39.71.

Insider Activity at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of the business'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 transaction 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. The trade was a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Stock Down 1.1%

STAG stock traded down $0.38 during trading on Thursday, hitting $35.94. 476,343 shares of the company's stock were exchanged, compared to its average volume of 1,488,976. The business has a 50-day moving average price of $35.97 and a two-hundred day moving average price of $34.84. The stock has a market capitalization of $6.71 billion, a price-to-earnings ratio of 27.04 and a beta of 0.93. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.86.

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

Stag Industrial Announces Dividend

The firm also recently announced a dividend, which will be paid on Friday, August 15th. Investors of record on Friday, August 1st will be given a dividend of $0.1242 per share. The ex-dividend date of this dividend is Thursday, July 31st. This represents a yield of 4.22%. Stag Industrial's dividend payout ratio (DPR) is presently 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.