Barclays PLC Has $6.12 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Barclays PLC cut its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 22.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,815 shares of the real estate investment trust's stock after selling 51,456 shares during the period. Barclays PLC owned approximately 0.10% of STAG Industrial worth $6,115,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Sugar Maple Asset Management LLC acquired a new stake in STAG Industrial in the 4th quarter valued at about $43,000. Hilltop National Bank lifted its stake in 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 during the last quarter. Principal Securities Inc. boosted its holdings in 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 worth $101,000 after buying an additional 510 shares in the last quarter. Aew Capital Management L P grew its position in STAG Industrial by 52.4% in the fourth 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. Finally, Venturi Wealth Management LLC bought a new position in shares of STAG Industrial in the fourth quarter valued at $109,000. Institutional investors and hedge funds own 88.67% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on STAG shares. Barclays decreased their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada cut their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a report on Monday, January 27th. Finally, Raymond James decreased their target price on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $39.57.

STAG Industrial Stock Up 1.0 %

Shares of NYSE STAG traded up $0.34 during mid-day trading on Thursday, reaching $33.37. The company had a trading volume of 204,268 shares, compared to its average volume of 1,192,610. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. STAG Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $41.63. The stock's 50 day moving average is $34.23 and its 200-day moving average is $35.08. The stock has a market capitalization of $6.23 billion, a PE ratio of 32.17 and a beta of 0.96.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings results 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 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 5.51% and a net margin of 24.64%. The business's quarterly revenue was up 9.7% on a year-over-year basis. During the same period last year, the business earned $0.59 EPS. As a group, equities analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.46%. STAG Industrial's dividend payout ratio is currently 143.27%.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of 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 legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

STAG Industrial 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.