STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Ensign Peak Advisors Inc

Ensign Peak Advisors Inc trimmed its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 18.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 82,147 shares of the real estate investment trust's stock after selling 18,574 shares during the period. Ensign Peak Advisors Inc's holdings in STAG Industrial were worth $2,778,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. D. E. Shaw & Co. Inc. lifted its position in shares of STAG Industrial by 927.0% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 136,412 shares of the real estate investment trust's stock valued at $4,613,000 after acquiring an additional 123,129 shares during the period. Dean Capital Management raised its position in shares of STAG Industrial by 1.4% during the 4th quarter. Dean Capital Management now owns 43,419 shares of the real estate investment trust's stock worth $1,468,000 after purchasing an additional 588 shares during the last quarter. Cubist Systematic Strategies LLC raised its position in shares of STAG Industrial by 88.7% during the 4th quarter. Cubist Systematic Strategies LLC now owns 256,821 shares of the real estate investment trust's stock worth $8,686,000 after purchasing an additional 120,731 shares during the last quarter. Centiva Capital LP acquired a new position in shares of STAG Industrial during the 4th quarter worth approximately $494,000. Finally, BROOKFIELD Corp ON raised its position in shares of STAG Industrial by 5.0% during the 4th quarter. BROOKFIELD Corp ON now owns 15,657 shares of the real estate investment trust's stock worth $530,000 after purchasing an additional 742 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were 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 directly owns 9,632 shares of the company's stock, valued at $338,083.20. The trade was a 83.85% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

STAG has been the subject of several research reports. Barclays cut their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Robert W. Baird cut their price objective on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Royal Bank of Canada cut their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research report on Monday, January 27th. Finally, Raymond James lifted 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 research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $39.63.

STAG Industrial Trading Up 1.6%

Shares of STAG opened at $35.48 on Friday. The stock has a fifty day moving average of $33.82 and a two-hundred day moving average of $34.81. 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 market capitalization of $6.62 billion, a PE ratio of 34.12 and a beta of 0.93. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating 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 5.51% and a net margin of 24.64%. STAG Industrial's revenue was up 9.7% on a year-over-year basis. During the same period in the previous year, the firm posted $0.59 EPS. As a group, analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Monday, June 30th. This represents a $1.49 annualized dividend and a dividend yield of 4.20%. STAG Industrial's dividend payout ratio 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.

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