1 week Ago By ABMN Staff
Wellington Management Group LLP boosted its holdings in shares of STAG Industrial, Inc. ( NYSE:STAG – Free Report ) by 24.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The institutional investor owned 128,794 shares of the real estate investment trust’s stock after purchasing an additional 25,354 shares during the period. Wellington Management Group LLP owned 0.07% of STAG Industrial worth $4,356,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of the business. Sugar Maple Asset Management LLC acquired a new position in shares of STAG Industrial during the fourth quarter worth approximately $43,000. Hilltop National Bank lifted its holdings in STAG Industrial by 19.
2% during 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 in the last quarter. Principal Securities Inc.
boosted its position in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc.
now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 510 shares during the last quarter. Aew Capital Management L P increased its stake in shares of STAG Industrial by 52.4% in the 4th quarter.
Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after buying an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in shares of STAG Industrial during the fourth quarter worth $109,000. Institutional investors own 88.
67% of the company’s stock. Insider Buying and Selling at STAG Industrial In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’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 transaction 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. This trade represents a 83.
85 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link . Insiders own 1.
10% of the company’s stock. STAG Industrial Stock Performance STAG Industrial ( NYSE:STAG – Get Free Report ) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.
61 EPS for the quarter, beating the consensus estimate of $0.18 by $0.43.
STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%.
As a group, sell-side analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.
STAG Industrial Announces Dividend The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.1242 per share.
The ex-dividend date is Monday, June 30th. This represents a $1.49 annualized dividend and a yield of 4.
75%. STAG Industrial’s dividend payout ratio is presently 143.27%.
Wall Street Analysts Forecast Growth Several equities analysts recently issued reports on STAG shares. Barclays decreased their price target on STAG Industrial from $40.00 to $37.
00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada lowered their price target on shares of STAG Industrial from $40.00 to $38.
00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.
com, the stock currently has a consensus rating of “Hold” and an average target price of $40.14. Read Our Latest Report on STAG About STAG Industrial ( 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.
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