STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by US Bancorp DE

US Bancorp DE increased its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,107 shares of the real estate investment trust’s stock after purchasing an additional 402 shares during the period. US Bancorp DE’s holdings in STAG Industrial were worth $917,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STAG. Sugar Maple Asset Management LLC acquired a new position in STAG Industrial in the fourth quarter valued at $43,000. Coastline Trust Co acquired a new stake in shares of STAG Industrial during the 3rd quarter worth $55,000. Hilltop National Bank raised its position in shares of STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 362 shares during the period. Principal Securities Inc. boosted its holdings in STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 510 shares during the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of STAG Industrial in the 4th quarter valued at about $109,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Up 0.7 %

Shares of NYSE:STAG opened at $36.81 on Monday. The company has a fifty day simple moving average of $34.59 and a 200 day simple moving average of $36.54. The firm has a market cap of $6.87 billion, a PE ratio of 35.39 and a beta of 1.05. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (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%. On average, equities research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.1242 per share. This represents a dividend yield of 4.25%. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. STAG Industrial’s dividend payout ratio is presently 143.27%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Royal Bank of Canada lowered their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Raymond James upped their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Barclays dropped their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value 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 approximately $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 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.