Segall Bryant & Hamill LLC Has $40.38 Million Stock Position in Stag Industrial, Inc. (NYSE:STAG)

Segall Bryant & Hamill LLC grew its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 1.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,118,063 shares of the real estate investment trust's stock after purchasing an additional 15,939 shares during the period. Stag Industrial makes up approximately 0.6% of Segall Bryant & Hamill LLC's holdings, making the stock its 29th largest holding. Segall Bryant & Hamill LLC owned approximately 0.60% of Stag Industrial worth $40,384,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of STAG. Proficio Capital Partners LLC purchased a new stake in shares of Stag Industrial during the 4th quarter valued at about $470,000. Sequoia Financial Advisors LLC increased its holdings in Stag Industrial by 6.1% during the 4th quarter. Sequoia Financial Advisors LLC now owns 6,773 shares of the real estate investment trust's stock worth $229,000 after purchasing an additional 387 shares during the last quarter. Swiss National Bank increased its holdings in Stag Industrial by 0.8% during the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock worth $12,114,000 after purchasing an additional 2,800 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in Stag Industrial by 2.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust's stock worth $535,000 after purchasing an additional 394 shares during the last quarter. Finally, Cibc World Markets Corp increased its holdings in Stag Industrial by 58.0% during the 4th quarter. Cibc World Markets Corp now owns 76,047 shares of the real estate investment trust's stock worth $2,572,000 after purchasing an additional 27,920 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company'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 completion of the transaction, the director owned 7,115 shares of the company's stock, valued at $262,543.50. This represents a 80.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Stock Down 0.1%

NYSE STAG traded down $0.05 on Friday, reaching $35.24. The stock had a trading volume of 207,892 shares, compared to its average volume of 1,279,411. The business has a 50 day moving average price of $35.93 and a 200 day moving average price of $34.79. 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, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63. The company has a market capitalization of $6.58 billion, a price-to-earnings ratio of 26.51 and a beta of 0.93.

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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The firm's revenue was up 9.7% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.59 EPS. On average, analysts forecast that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently declared a dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be issued a $0.1242 dividend. The ex-dividend date is Thursday, July 31st. This represents a yield of 4.22%. Stag Industrial's dividend payout ratio (DPR) is 112.03%.

Analyst Upgrades and Downgrades

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

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.