STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Intrust Bank NA

Intrust Bank NA grew its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 10,687 shares of the real estate investment trust’s stock after acquiring an additional 673 shares during the period. Intrust Bank NA’s holdings in STAG Industrial were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of STAG. Orion Portfolio Solutions LLC boosted its position in shares of STAG Industrial by 3.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 66,445 shares of the real estate investment trust’s stock worth $2,247,000 after buying an additional 2,372 shares in the last quarter. Pictet Asset Management Holding SA raised its position in STAG Industrial by 1.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 58,691 shares of the real estate investment trust’s stock worth $1,985,000 after acquiring an additional 710 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in shares of STAG Industrial by 2.7% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 241,940 shares of the real estate investment trust’s stock valued at $8,182,000 after purchasing an additional 6,300 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in shares of STAG Industrial in the fourth quarter valued at approximately $4,317,000. Finally, Norges Bank purchased a new position in shares of STAG Industrial during the 4th quarter worth approximately $75,471,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling

In related 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 value of $1,755,000.00. Following the transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on STAG. Barclays lowered their target price 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. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Royal Bank of Canada cut their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Stock Performance

NYSE STAG opened at $35.58 on Monday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $6.64 billion, a PE ratio of 34.21 and a beta of 1.05. The business’s 50-day moving average price is $35.17 and its 200 day moving average price is $36.06. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping 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%. On average, research analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1242 per share. This represents a dividend yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Friday, February 28th. STAG Industrial’s dividend payout ratio is presently 143.27%.

STAG Industrial Profile

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.