OLD National Bancorp IN Lowers Holdings in STAG Industrial, Inc. (NYSE:STAG)

OLD National Bancorp IN lowered its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 25.0% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,954 shares of the real estate investment trust’s stock after selling 3,310 shares during the quarter. OLD National Bancorp IN’s holdings in STAG Industrial were worth $337,000 as of its most recent filing with the SEC.

Several other hedge funds also recently made changes to their positions in the company. UMB Bank n.a. raised its holdings in STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 306 shares in the last quarter. Sugar Maple Asset Management LLC purchased a new position in shares of STAG Industrial during the 4th quarter worth approximately $43,000. Coastline Trust Co acquired a new stake in shares of STAG Industrial in the 3rd quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of STAG Industrial in the second quarter valued at approximately $57,000. Finally, GAMMA Investing LLC grew its holdings in STAG Industrial by 72.7% during the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 659 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. Barclays decreased their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Wells Fargo & Company lowered their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Royal Bank of Canada lowered their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

STAG Industrial Stock Down 0.8 %

Shares of STAG Industrial stock opened at $34.20 on Friday. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The stock has a market capitalization of $6.23 billion, a price-to-earnings ratio of 34.54 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The business’s 50 day simple moving average is $34.69 and its 200-day simple moving average is $37.32.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is 149.49%.

STAG Industrial Company 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.