STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Bokf Na

Bokf Na lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.2% during the first quarter, Holdings Channel reports. The fund owned 225,079 shares of the real estate investment trust’s stock after selling 9,985 shares during the quarter. Bokf Na’s holdings in STAG Industrial were worth $8,472,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the stock. Fifth Third Bancorp boosted its stake in STAG Industrial by 31.4% in the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock worth $47,000 after buying an additional 284 shares during the last quarter. Verdence Capital Advisors LLC boosted its stake in STAG Industrial by 3.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust’s stock worth $340,000 after buying an additional 301 shares during the last quarter. Cornercap Investment Counsel Inc. raised its holdings in shares of STAG Industrial by 1.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust’s stock worth $1,070,000 after purchasing an additional 324 shares during the period. Xponance Inc. raised its holdings in shares of STAG Industrial by 1.6% in the 4th quarter. Xponance Inc. now owns 21,838 shares of the real estate investment trust’s stock worth $857,000 after purchasing an additional 338 shares during the period. Finally, Insight Folios Inc raised its holdings in shares of STAG Industrial by 4.1% in the 1st quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 341 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the sale, the director now owns 8,304 shares in the company, valued at approximately $289,062.24. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 1.10% of the stock is owned by insiders.

STAG Industrial Stock Up 2.6 %

Shares of NYSE:STAG traded up $1.02 during mid-day trading on Friday, hitting $40.43. 801,932 shares of the company traded hands, compared to its average volume of 1,295,105. The firm has a market cap of $7.36 billion, a P/E ratio of 40.43, a PEG ratio of 5.71 and a beta of 1.09. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.75 and a current ratio of 1.75. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $40.68. The firm’s 50 day simple moving average is $36.25 and its 200 day simple moving average is $36.81.

STAG Industrial Cuts Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.1233 per share. The ex-dividend date is Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a yield of 3.66%. STAG Industrial’s dividend payout ratio (DPR) is presently 148.00%.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of research reports. BMO Capital Markets restated an “outperform” rating and issued a $42.00 price objective (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Wedbush upgraded STAG Industrial from a “neutral” rating to an “outperform” rating and raised their price objective for the stock from $38.00 to $44.00 in a report on Monday, July 22nd. BNP Paribas initiated coverage on STAG Industrial in a report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price objective on the stock. Finally, Barclays cut their price objective on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a report on Friday, May 24th. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and a consensus target price of $39.50.

STAG Industrial Profile

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.