STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC cut its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 6.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,715,574 shares of the real estate investment trust's stock after selling 185,191 shares during the quarter. Janus Henderson Group PLC owned approximately 1.49% of STAG Industrial worth $91,836,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Sugar Maple Asset Management LLC purchased a new stake in STAG Industrial during the fourth quarter worth $43,000. Quarry LP bought a new position in shares of STAG Industrial in the 4th quarter worth $62,000. Principal Securities Inc. lifted its stake in shares of STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after purchasing an additional 510 shares during the last quarter. Aew Capital Management L P boosted its position in STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock valued at $108,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in STAG Industrial in the fourth quarter valued at about $109,000. 88.67% of the stock is currently owned by institutional investors.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have commented on the stock. Robert W. Baird decreased their price target on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Barclays lowered their target price on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada reduced their price target on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Finally, Raymond James raised their price objective on STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, STAG Industrial has an average rating of "Hold" and an average price target of $39.63.

STAG Industrial Stock Performance

Shares of NYSE STAG traded up $0.38 during mid-day trading on Friday, hitting $35.86. The stock had a trading volume of 1,450,645 shares, compared to its average volume of 1,217,666. The firm has a market cap of $6.69 billion, a PE ratio of 34.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The company has a 50 day moving average of $33.82 and a two-hundred day moving average of $34.81. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm had revenue of $205.57 million for the quarter, compared to analyst estimates of $202.04 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. STAG Industrial's revenue for the quarter was up 9.7% on a year-over-year basis. Research analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.16%. 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.