American International Group Inc. cut its stake in shares of Stag Industrial Inc (NYSE:STAG) by 7.6% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 64,446 shares of the real estate investment trust’s stock after selling 5,317 shares during the period. American International Group Inc. owned approximately 0.06% of Stag Industrial worth $1,603,000 at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in shares of Stag Industrial by 5.8% in the 3rd quarter. Vanguard Group Inc. now owns 14,841,260 shares of the real estate investment trust’s stock valued at $408,135,000 after purchasing an additional 813,941 shares in the last quarter. Vanguard Group Inc raised its position in shares of Stag Industrial by 5.8% in the 3rd quarter. Vanguard Group Inc now owns 14,841,260 shares of the real estate investment trust’s stock valued at $408,135,000 after purchasing an additional 813,941 shares in the last quarter. BlackRock Inc. raised its position in shares of Stag Industrial by 1.8% in the 4th quarter. BlackRock Inc. now owns 11,019,132 shares of the real estate investment trust’s stock valued at $274,154,000 after purchasing an additional 192,106 shares in the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Stag Industrial by 5.8% in the 4th quarter. Frontier Capital Management Co. LLC now owns 2,411,862 shares of the real estate investment trust’s stock valued at $60,007,000 after purchasing an additional 131,248 shares in the last quarter. Finally, Janus Henderson Group PLC raised its position in shares of Stag Industrial by 11.7% in the 3rd quarter. Janus Henderson Group PLC now owns 1,700,887 shares of the real estate investment trust’s stock valued at $46,774,000 after purchasing an additional 177,672 shares in the last quarter. 86.18% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have recently weighed in on STAG shares. LADENBURG THALM/SH SH boosted their price target on Stag Industrial from $31.00 to $32.00 and gave the company a “buy” rating in a report on Wednesday, February 20th. TheStreet upgraded Stag Industrial from a “c+” rating to a “b” rating in a report on Thursday, February 21st. Zacks Investment Research downgraded Stag Industrial from a “hold” rating to a “sell” rating in a report on Tuesday, December 4th. DA Davidson lowered their price target on Stag Industrial to $27.00 and set a “neutral” rating for the company in a report on Tuesday, January 1st. Finally, JMP Securities reiterated an “outperform” rating on shares of Stag Industrial in a report on Wednesday, January 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. Stag Industrial currently has an average rating of “Hold” and an average price target of $27.92.

Shares of NYSE STAG opened at $29.63 on Friday. Stag Industrial Inc has a twelve month low of $23.21 and a twelve month high of $29.66. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $3.46 billion, a PE ratio of 16.55, a PEG ratio of 3.17 and a beta of 1.07.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 13th. The real estate investment trust reported $0.46 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.45 by $0.01. Stag Industrial had a return on equity of 6.16% and a net margin of 24.98%. The business had revenue of $93.29 million during the quarter, compared to the consensus estimate of $91.61 million. During the same period in the previous year, the business earned $0.44 EPS. The business’s quarterly revenue was up 14.8% on a year-over-year basis. On average, equities analysts forecast that Stag Industrial Inc will post 1.86 EPS for the current year.

The business also recently disclosed a monthly dividend, which was paid on Friday, March 15th. Investors of record on Thursday, February 28th were paid a dividend of $0.1192 per share. The ex-dividend date of this dividend was Wednesday, February 27th. This represents a $1.43 dividend on an annualized basis and a yield of 4.83%. Stag Industrial’s payout ratio is currently 79.89%.

In related news, EVP Peter S. Fearey sold 6,595 shares of the company’s stock in a transaction on Monday, January 7th. The stock was sold at an average price of $24.46, for a total transaction of $161,313.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Benjamin S. Butcher sold 90,000 shares of the company’s stock in a transaction on Friday, January 4th. The stock was sold at an average price of $24.28, for a total value of $2,185,200.00. Following the transaction, the chief executive officer now owns 162,088 shares of the company’s stock, valued at $3,935,496.64. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 252,334 shares of company stock valued at $6,138,541. 1.70% of the stock is owned by company insiders.

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Stag Industrial Company Profile

STAG Industrial, Inc is an industrial real estate operating company focused on the acquisition, ownership, and operation of single-tenant, industrial properties throughout the United States. The Company was formed as a Maryland corporation and has elected to be treated and intends to continue to qualify as a real estate investment trust (“REIT”) under Sections 856 through 860 of the Internal Revenue Code of 1986, as amended.

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Institutional Ownership by Quarter for Stag Industrial (NYSE:STAG)

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