STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Pitcairn Co.

Pitcairn Co. raised its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 14,410 shares of the real estate investment trust’s stock after purchasing an additional 1,031 shares during the period. Pitcairn Co.’s holdings in STAG Industrial were worth $487,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of STAG. Geode Capital Management LLC increased its holdings in shares of STAG Industrial by 0.5% during the 4th quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock worth $115,748,000 after buying an additional 18,009 shares during the last quarter. Channing Capital Management LLC grew its position in STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock valued at $76,421,000 after acquiring an additional 164,284 shares during the period. Norges Bank acquired a new stake in STAG Industrial during the fourth quarter worth about $75,471,000. Vaughan Nelson Investment Management L.P. raised its holdings in shares of STAG Industrial by 4.6% in the 4th quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust’s stock worth $61,905,000 after purchasing an additional 79,762 shares during the period. Finally, Prudential Financial Inc. lifted its stake in shares of STAG Industrial by 19.3% in the 4th quarter. Prudential Financial Inc. now owns 1,809,679 shares of the real estate investment trust’s stock valued at $61,203,000 after purchasing an additional 292,252 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on STAG shares. Barclays reduced their price target 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. Royal Bank of Canada decreased their price target on shares of 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 increased their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Trading Down 3.7 %

Shares of STAG opened at $32.88 on Friday. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The stock has a 50-day moving average price of $35.25 and a 200 day moving average price of $35.92. 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 $6.14 billion, a P/E ratio of 31.62 and a beta of 1.05.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Sell-side analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.1242 dividend. The ex-dividend date was Friday, February 28th. This represents a dividend yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is presently 143.27%.

Insider Activity

In related news, Director Benjamin S. Butcher sold 50,000 shares of the company’s 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 of the company’s stock, 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 is accessible through this hyperlink. Company insiders own 1.10% of the company’s stock.

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.