Handelsbanken Fonder AB Boosts Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Handelsbanken Fonder AB raised its holdings in STAG Industrial, Inc. (NYSE:STAG) by 34.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 50,302 shares of the real estate investment trust’s stock after purchasing an additional 12,800 shares during the period. Handelsbanken Fonder AB’s holdings in STAG Industrial were worth $1,966,000 at the end of the most recent reporting period.

Other large investors have also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in shares of STAG Industrial in the first quarter worth about $3,222,000. Centersquare Investment Management LLC increased its stake in shares of STAG Industrial by 24.9% in the first quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock worth $4,990,000 after purchasing an additional 25,844 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in shares of STAG Industrial by 12.3% in the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock worth $37,190,000 after purchasing an additional 106,217 shares in the last quarter. Cetera Investment Advisers increased its stake in shares of STAG Industrial by 763.9% in the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock worth $2,721,000 after purchasing an additional 62,594 shares in the last quarter. Finally, Earnest Partners LLC increased its stake in shares of STAG Industrial by 2.2% in the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after purchasing an additional 78,189 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on STAG shares. Evercore ISI boosted their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Barclays boosted their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Wells Fargo & Company boosted their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Wedbush boosted their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial currently has a consensus rating of “Hold” and a consensus target price of $41.22.

STAG Industrial Price Performance

STAG stock opened at $37.09 on Thursday. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $41.63. The stock has a market cap of $6.75 billion, a PE ratio of 37.09 and a beta of 1.09. The firm has a 50 day simple moving average of $39.44 and a two-hundred day simple moving average of $37.43.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were paid a $0.1233 dividend. This represents a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, July 31st. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is currently 148.00%.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the transaction, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 1.10% of the company’s stock.

About STAG Industrial

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.