OLD National Bancorp IN Decreases Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

OLD National Bancorp IN lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 62.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,443 shares of the real estate investment trust's stock after selling 57,566 shares during the quarter. OLD National Bancorp IN's holdings in STAG Industrial were worth $1,352,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Louisiana State Employees Retirement System bought a new stake in STAG Industrial during the fourth quarter worth $2,002,000. International Assets Investment Management LLC grew its holdings in STAG Industrial by 3,860.5% during the fourth quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust's stock worth $4,508,000 after buying an additional 111,917 shares in the last quarter. Sei Investments Co. grew its holdings in STAG Industrial by 11.8% during the third quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust's stock worth $17,310,000 after buying an additional 53,109 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its stake in STAG Industrial by 132.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust's stock valued at $10,823,000 after purchasing an additional 178,846 shares during the period. Finally, Massachusetts Financial Services Co. MA grew its stake in STAG Industrial by 1.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,286,953 shares of the real estate investment trust's stock valued at $147,943,000 after purchasing an additional 59,463 shares during the period. Institutional investors own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on STAG shares. Robert W. Baird restated a "neutral" rating and issued a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Barclays started coverage on STAG Industrial in a research note on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 price objective for the company. BMO Capital Markets restated an "outperform" rating and issued a $42.00 price objective (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Finally, Royal Bank of Canada upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Friday, February 16th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $39.13.

STAG Industrial Stock Performance

Shares of STAG stock traded down $0.67 on Wednesday, hitting $34.74. 1,563,058 shares of the stock were exchanged, compared to its average volume of 1,135,530. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $6.32 billion, a PE ratio of 32.17, a P/E/G ratio of 4.99 and a beta of 1.02. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $39.61. The firm's 50 day moving average is $37.45 and its two-hundred day moving average is $36.84.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.26%. STAG Industrial's payout ratio is 137.04%.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.