Shell Asset Management Co. Has $248,000 Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Shell Asset Management Co. boosted its position in STAG Industrial, Inc. (NYSE:STAGFree Report) by 19.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,174 shares of the real estate investment trust’s stock after purchasing an additional 1,161 shares during the quarter. Shell Asset Management Co.’s holdings in STAG Industrial were worth $248,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. AllSquare Wealth Management LLC acquired a new position in STAG Industrial in the 2nd quarter valued at $27,000. Eagle Bay Advisors LLC acquired a new position in STAG Industrial in the 2nd quarter valued at $27,000. Fifth Third Bancorp raised its holdings in STAG Industrial by 121.3% in the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 496 shares in the last quarter. IFP Advisors Inc raised its holdings in STAG Industrial by 52.6% in the 2nd quarter. IFP Advisors Inc now owns 1,401 shares of the real estate investment trust’s stock valued at $38,000 after acquiring an additional 483 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in STAG Industrial by 464.1% in the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 1,072 shares in the last quarter. 88.68% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,340 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $36.32, for a total value of $1,101,948.80. Following the completion of the transaction, the director now owns 17,148 shares of the company’s stock, valued at approximately $622,815.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. In other STAG Industrial news, Director Benjamin S. Butcher sold 30,340 shares of the company’s stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $36.32, for a total value of $1,101,948.80. Following the sale, the director now owns 17,148 shares in the company, valued at approximately $622,815.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CAO Jaclyn Paul sold 12,900 shares of the company’s stock in a transaction dated Thursday, December 21st. The shares were sold at an average price of $38.57, for a total value of $497,553.00. Following the completion of the sale, the chief accounting officer now owns 10,916 shares in the company, valued at approximately $421,030.12. The disclosure for this sale can be found here. Insiders sold a total of 87,890 shares of company stock valued at $3,333,708 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on STAG. Robert W. Baird reaffirmed a “neutral” rating and issued a $41.00 price objective (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Raymond James lowered their price target on STAG Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Finally, Royal Bank of Canada cut STAG Industrial from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $42.00 to $39.00 in a report on Friday, November 3rd. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.00.

Check Out Our Latest Report on STAG Industrial

STAG Industrial Price Performance

Shares of STAG opened at $37.53 on Monday. STAG Industrial, Inc. has a 12-month low of $31.01 and a 12-month high of $39.61. The business has a 50-day simple moving average of $38.04 and a two-hundred day simple moving average of $36.20. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.73. The stock has a market cap of $6.81 billion, a PE ratio of 36.79, a PEG ratio of 8.66 and a beta of 1.03.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a yield of 3.94%. STAG Industrial’s payout ratio is presently 145.10%.

STAG Industrial Profile

(Free Report)

We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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