2 days Ago By ABMN Staff
Choreo LLC bought a new stake in STAG Industrial, Inc. ( NYSE:STAG – Free Report ) in the 2nd quarter, Holdings Channel reports. The institutional investor bought 11,390 shares of the real estate investment trust’s stock, valued at approximately $406,000.
Several other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in STAG Industrial by 0.
7% in the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock worth $1,008,560,000 after acquiring an additional 176,332 shares during the period.
Dimensional Fund Advisors LP increased its position in STAG Industrial by 1.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock worth $104,456,000 after buying an additional 39,739 shares during the period.
Boston Trust Walden Corp increased its holdings in shares of STAG Industrial by 1.0% during the second quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock valued at $92,052,000 after purchasing an additional 25,779 shares during the period.
Norges Bank acquired a new position in shares of STAG Industrial during the fourth quarter valued at $69,990,000. Finally, Vaughan Nelson Investment Management L.P.
boosted its stake in STAG Industrial by 7.0% during the second quarter. Vaughan Nelson Investment Management L.
P. now owns 1,776,042 shares of the real estate investment trust’s stock valued at $64,045,000 after buying an additional 115,480 shares in the last quarter. Institutional investors and hedge funds own 88.
67% of the company’s stock. Analyst Upgrades and Downgrades A number of equities analysts recently weighed in on the company. Wells Fargo & Company increased their price target on STAG Industrial from $37.
00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. BNP Paribas assumed coverage on STAG Industrial in a research note on Tuesday, June 4th.
They set a “neutral” rating and a $39.00 price target for the company. Wedbush raised their price objective on STAG Industrial from $44.
00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays raised their price objective on STAG Industrial from $38.
00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Finally, Evercore ISI upped their price target on STAG Industrial from $43.
00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company.
According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $41.22. STAG Industrial Stock Performance STAG opened at $40.
14 on Tuesday. The business’s 50-day moving average price is $39.51 and its two-hundred day moving average price is $37.
29. STAG Industrial, Inc. has a 1 year low of $31.
69 and a 1 year high of $41.63. The company has a market capitalization of $7.
31 billion, a price-to-earnings ratio of 40.14, a P/E/G ratio of 4.07 and a beta of 1.
09. 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 Increases Dividend The business also recently disclosed a dividend, which was paid on Thursday, August 15th.
Stockholders of record on Thursday, August 1st were paid a dividend of $0.1233 per share. The ex-dividend date was Wednesday, July 31st.
This represents a dividend yield of 3.63%. This is a boost from STAG Industrial’s previous dividend of $0.
12. STAG Industrial’s dividend payout ratio is currently 148.00%.
Insider Transactions at STAG Industrial In related news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.
78, for a total transaction of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at approximately $357,151.
24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Company insiders own 1.
10% of the company’s stock. STAG Industrial Company Profile ( Free Report ) 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.
Read More Want to see what other hedge funds are holding STAG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for STAG Industrial, Inc. ( NYSE:STAG – Free Report ).
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