STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Northern Trust Corp

Northern Trust Corp grew its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 33.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,090,046 shares of the real estate investment trust's stock after buying an additional 522,568 shares during the period. Northern Trust Corp owned approximately 1.15% of STAG Industrial worth $70,685,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in STAG Industrial in the fourth quarter worth about $43,000. Quarry LP purchased a new position in STAG Industrial in the fourth quarter worth about $62,000. Hilltop National Bank lifted its holdings in shares of STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 510 shares during the last quarter. Finally, Aew Capital Management L P boosted its stake in shares of STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after buying an additional 1,100 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares of the company's stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company's stock.

STAG Industrial Trading Up 2.2 %

STAG stock traded up $0.74 during midday trading on Friday, hitting $34.60. 1,923,824 shares of the company's stock were exchanged, compared to its average volume of 1,203,656. The stock has a market capitalization of $6.46 billion, a PE ratio of 33.27 and a beta of 0.93. 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 1-year low of $28.61 and a 1-year high of $41.63. The business has a 50-day simple moving average of $33.97 and a two-hundred day simple moving average of $34.89.

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 (EPS) for the quarter, beating the consensus estimate of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. During the same quarter last year, the business posted $0.59 EPS. The business's quarterly revenue was up 9.7% compared to the same quarter last year. On average, sell-side analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Monday, June 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.31%. The ex-dividend date is Monday, June 30th. STAG Industrial's dividend payout ratio (DPR) is 112.03%.

Wall Street Analyst Weigh In

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

STAG Industrial Company Profile

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.