STAG Industrial, Inc. (NYSE:STAG) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 5.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 166,495 shares of the real estate investment trust's stock after selling 10,042 shares during the quarter. The Manufacturers Life Insurance Company owned about 0.09% of STAG Industrial worth $5,631,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Oregon Public Employees Retirement Fund raised its position in STAG Industrial by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock valued at $1,256,000 after purchasing an additional 300 shares during the period. Values First Advisors Inc. raised its holdings in shares of STAG Industrial by 2.2% during the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock valued at $492,000 after buying an additional 307 shares during the period. Hennion & Walsh Asset Management Inc. lifted its position in STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust's stock worth $407,000 after acquiring an additional 347 shares in the last quarter. Peak Financial Advisors LLC boosted its holdings in STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock worth $420,000 after acquiring an additional 356 shares during the period. Finally, Hilltop National Bank grew its position in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after acquiring an additional 362 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on 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 sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by corporate insiders.

STAG Industrial Trading Up 0.7 %

Shares of NYSE STAG opened at $33.42 on Thursday. The stock has a market capitalization of $6.24 billion, a P/E ratio of 32.13 and a beta of 0.93. The stock's 50 day moving average price is $34.01 and its two-hundred day moving average price is $34.92. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63.

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, topping 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 firm had revenue of $205.57 million for the quarter, compared to analysts' expectations of $202.04 million. During the same period last year, the business posted $0.59 earnings per share. The firm's revenue for the quarter was up 9.7% on a year-over-year basis. On average, 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 disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors 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 yield of 4.46%. STAG Industrial's dividend payout ratio (DPR) is 112.03%.

Analyst Ratings Changes

Several research analysts have recently weighed in on the stock. Raymond James raised their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday. Barclays lowered their target price on 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 cut their price target on 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, Robert W. Baird lowered their price objective on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus 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.

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