STAG Industrial, Inc. (NYSE:STAG) Shares Sold by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. reduced its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 22,933 shares of the real estate investment trust’s stock after selling 862 shares during the period. PNC Financial Services Group Inc.’s holdings in STAG Industrial were worth $900,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in STAG Industrial by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 26,060,931 shares of the real estate investment trust’s stock worth $1,023,152,000 after acquiring an additional 110,453 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in STAG Industrial by 22.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock worth $206,051,000 after acquiring an additional 961,420 shares during the period. Charles Schwab Investment Management Inc. increased its stake in STAG Industrial by 3.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,832,545 shares of the real estate investment trust’s stock worth $111,206,000 after purchasing an additional 104,190 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in STAG Industrial by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock worth $104,456,000 after purchasing an additional 39,739 shares in the last quarter. Finally, Boston Trust Walden Corp increased its stake in STAG Industrial by 1.1% in the 4th quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock worth $99,686,000 after purchasing an additional 28,304 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Trading Up 0.9 %

Shares of NYSE STAG opened at $35.78 on Tuesday. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $39.61. The firm has a market capitalization of $6.51 billion, a PE ratio of 35.78, a PEG ratio of 5.00 and a beta of 1.08. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78. The business has a 50-day moving average price of $35.20 and a two-hundred day moving average price of $37.00.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.14%. STAG Industrial’s dividend payout ratio is 148.00%.

Insider Activity

In other news, Director Benjamin S. Butcher sold 30,000 shares of STAG Industrial stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the sale, the director now directly owns 8,304 shares in the company, valued at approximately $289,062.24. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 1.10% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of analyst reports. BNP Paribas initiated coverage on STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target on the stock. Barclays dropped their price target on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Seven analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $39.00.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.