4 days Ago By Defense World Staff
Envestnet Asset Management Inc. lifted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG – Free Report) by 4.
1% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 480,590 shares of the real estate investment trust’s stock after acquiring an additional 19,144 shares during the quarter. Envestnet Asset Management Inc.
owned approximately 0.26% of STAG Industrial worth $16,254,000 as of its most recent filing with the Securities & Exchange Commission. A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company.
Geode Capital Management LLC increased its stake in STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after purchasing an additional 21,925 shares in the last quarter.
Swiss National Bank grew its stake in shares of STAG Industrial by 0.8% during the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock valued at $12,114,000 after acquiring an additional 2,800 shares during the period.
Stifel Financial Corp increased its stake in STAG Industrial by 5.6% in the 3rd quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust’s stock worth $2,044,000 after buying an additional 2,795 shares in the last quarter.
KLP Kapitalforvaltning AS purchased a new position in STAG Industrial in the 4th quarter worth approximately $1,276,000. Finally, Congress Asset Management Co. grew its stake in STAG Industrial by 10.
1% during the fourth quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock valued at $7,472,000 after acquiring an additional 20,327 shares in the last quarter.
Hedge funds and other institutional investors own 88.67% of the company’s stock. STAG Industrial Price PerformanceShares of NYSE STAG opened at $32.
36 on Wednesday. STAG Industrial, Inc. has a 12 month low of $28.
61 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.
86, a current ratio of 1.36 and a quick ratio of 1.36.
The firm’s 50 day simple moving average is $34.73 and its 200-day simple moving average is $35.44.
The stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 31.11 and a beta of 0.
96. STAG Industrial (NYSE:STAG – Get Free Report) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.
61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43.
STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%.
Analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current year.
STAG Industrial Dividend AnnouncementThe firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.1242 dividend.
The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.
61%. STAG Industrial’s payout ratio is 143.27%.
Insiders Place Their BetsIn related news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction dated 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 sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.
20. The trade was a 83.85 % decrease in their position.
The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh InA number of equities analysts have commented on the stock. Raymond James reduced their target price on shares of STAG Industrial from $40.00 to $36.
00 and set an “outperform” rating on the stock in a report on Monday. 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. Finally, Royal Bank of Canada decreased their price objective 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. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, STAG Industrial has a consensus rating of “Hold” and a consensus target price of $39.
57.View Our Latest Research Report on STAGSTAG Industrial Company Profile (Free Report)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.Featured ArticlesFive stocks we like better than STAG IndustrialThere Are Different Types of Stock To Invest InBeware of BigBear.
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