Insight Folios Inc Raises Position in STAG Industrial, Inc. (NYSE:STAG)

Insight Folios Inc raised its holdings in STAG Industrial, Inc. (NYSE:STAG) by 4.1% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,678 shares of the real estate investment trust’s stock after buying an additional 341 shares during the period. Insight Folios Inc’s holdings in STAG Industrial were worth $334,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. Vanguard Group Inc. lifted its position in shares of STAG Industrial by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 26,060,931 shares of the real estate investment trust’s stock worth $1,023,152,000 after purchasing an additional 110,453 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of STAG Industrial by 22.4% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock worth $206,051,000 after purchasing an additional 961,420 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of STAG Industrial by 3.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 2,832,545 shares of the real estate investment trust’s stock worth $111,206,000 after purchasing an additional 104,190 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in shares of STAG Industrial by 1.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock worth $104,456,000 after purchasing an additional 39,739 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its position in shares of STAG Industrial by 1.1% during the 4th quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock worth $99,686,000 after purchasing an additional 28,304 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

STAG traded up $0.07 on Thursday, hitting $36.07. 530,013 shares of the company were exchanged, compared to its average volume of 1,074,985. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.75 and a current ratio of 1.75. The business’s fifty day moving average is $35.28 and its 200 day moving average is $36.90. STAG Industrial, Inc. has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The firm has a market capitalization of $6.57 billion, a P/E ratio of 36.07, a price-to-earnings-growth ratio of 5.09 and a beta of 1.09.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.10%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is presently 148.00%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. BNP Paribas assumed coverage on shares of STAG Industrial in a research report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target for the company. Barclays reduced their price target on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating for the company in a research report on Friday, May 24th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $39.00.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now owns 8,304 shares of the company’s stock, valued at $289,062.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 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.