AMP Capital Investors Ltd increased its position in Stag Industrial Inc (NYSE:STAG) by 22.5% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,057 shares of the real estate investment trust’s stock after purchasing an additional 10,300 shares during the period. AMP Capital Investors Ltd owned approximately 0.06% of Stag Industrial worth $1,541,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Allianz Asset Management GmbH boosted its stake in Stag Industrial by 49.4% in the 3rd quarter. Allianz Asset Management GmbH now owns 547,611 shares of the real estate investment trust’s stock worth $15,043,000 after purchasing an additional 181,078 shares during the period. Envestnet Asset Management Inc. boosted its position in shares of Stag Industrial by 76.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,963 shares of the real estate investment trust’s stock valued at $219,000 after acquiring an additional 3,451 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its position in shares of Stag Industrial by 180.6% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 11,854 shares of the real estate investment trust’s stock valued at $326,000 after acquiring an additional 7,630 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Stag Industrial by 1.5% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,177,483 shares of the real estate investment trust’s stock valued at $32,346,000 after acquiring an additional 17,605 shares during the last quarter. Finally, Schwab Charles Investment Management Inc. boosted its position in shares of Stag Industrial by 9.2% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 394,737 shares of the real estate investment trust’s stock valued at $10,844,000 after acquiring an additional 33,152 shares during the last quarter. Institutional investors and hedge funds own 82.06% of the company’s stock.
Stag Industrial Inc (STAG) traded up $0.11 during trading on Thursday, hitting $25.66. The stock had a trading volume of 729,400 shares, compared to its average volume of 677,124. The stock has a market capitalization of $2,410.00, a PE ratio of 46.65, a PEG ratio of 2.70 and a beta of 1.26. Stag Industrial Inc has a 1-year low of $22.70 and a 1-year high of $28.95. The company has a debt-to-equity ratio of 0.62, a current ratio of 0.09 and a quick ratio of 0.09.
The business also recently disclosed a monthly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, February 28th will be paid a dividend of $0.1183 per share. This represents a $1.42 dividend on an annualized basis and a yield of 5.53%. The ex-dividend date is Tuesday, February 27th. Stag Industrial’s dividend payout ratio (DPR) is currently 256.36%.
In related news, COO Stephen C. Mecke sold 30,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.41, for a total transaction of $792,300.00. Following the transaction, the chief operating officer now owns 32,000 shares of the company’s stock, valued at approximately $845,120. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, EVP David G. King sold 35,000 shares of the stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $924,350.00. Following the transaction, the executive vice president now directly owns 35,364 shares in the company, valued at approximately $933,963.24. The disclosure for this sale can be found here. Insiders have sold 165,069 shares of company stock worth $4,359,472 in the last three months. 2.00% of the stock is currently owned by corporate insiders.
STAG has been the subject of a number of analyst reports. TheStreet downgraded Stag Industrial from a “b-” rating to a “c+” rating in a research report on Tuesday, December 19th. JPMorgan Chase & Co. upgraded Stag Industrial from a “neutral” rating to an “overweight” rating and set a $30.00 target price on the stock in a research note on Friday, December 15th. Ladenburg Thalmann Financial Services restated a “buy” rating on shares of Stag Industrial in a research note on Friday, November 3rd. BidaskClub upgraded Stag Industrial from a “strong sell” rating to a “sell” rating in a research note on Saturday, November 4th. Finally, Jefferies Group reissued a “buy” rating and issued a $32.00 price target on shares of Stag Industrial in a report on Tuesday, September 26th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $28.50.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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