Massachusetts Financial Services Co. MA reduced its holdings in Stag Industrial Inc (NYSE:STAG) by 0.2% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 4,433,923 shares of the real estate investment trust’s stock after selling 7,078 shares during the period. Massachusetts Financial Services Co. MA owned about 3.33% of Stag Industrial worth $130,713,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Coastal Investment Advisors Inc. boosted its stake in shares of Stag Industrial by 7.3% in the third quarter. Coastal Investment Advisors Inc. now owns 4,987 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 340 shares during the last quarter. Canton Hathaway LLC boosted its stake in shares of Stag Industrial by 7.0% in the second quarter. Canton Hathaway LLC now owns 5,458 shares of the real estate investment trust’s stock worth $165,000 after acquiring an additional 358 shares during the last quarter. San Francisco Sentry Investment Group CA boosted its stake in shares of Stag Industrial by 3.5% in the third quarter. San Francisco Sentry Investment Group CA now owns 14,757 shares of the real estate investment trust’s stock worth $435,000 after acquiring an additional 500 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Stag Industrial by 2.4% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,086 shares of the real estate investment trust’s stock worth $975,000 after acquiring an additional 763 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its stake in shares of Stag Industrial by 1.1% in the second quarter. Price T Rowe Associates Inc. MD now owns 77,297 shares of the real estate investment trust’s stock worth $2,337,000 after acquiring an additional 815 shares during the last quarter. 85.23% of the stock is currently owned by institutional investors.

In other Stag Industrial news, EVP Jeffrey M. Sullivan sold 35,815 shares of Stag Industrial stock in a transaction on Wednesday, September 4th. The stock was sold at an average price of $29.37, for a total value of $1,051,886.55. Following the sale, the executive vice president now owns 35,815 shares in the company, valued at $1,051,886.55. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.50% of the stock is owned by insiders.

NYSE:STAG traded up $0.19 on Thursday, reaching $30.82. The company’s stock had a trading volume of 39,106 shares, compared to its average volume of 863,676. Stag Industrial Inc has a 12-month low of $23.24 and a 12-month high of $31.66. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.73. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 17.22, a price-to-earnings-growth ratio of 4.09 and a beta of 0.86. The stock has a 50 day moving average price of $30.28 and a 200 day moving average price of $29.91.

Stag Industrial (NYSE:STAG) last posted its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.07 EPS for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.39). Stag Industrial had a net margin of 19.96% and a return on equity of 4.35%. The business had revenue of $102.42 million during the quarter, compared to analysts’ expectations of $100.78 million. During the same quarter in the prior year, the firm earned $0.45 EPS. Stag Industrial’s revenue for the quarter was up 15.1% compared to the same quarter last year. Equities research analysts expect that Stag Industrial Inc will post 1.83 EPS for the current fiscal year.

The firm also recently announced a monthly dividend, which will be paid on Friday, November 15th. Shareholders of record on Thursday, October 31st will be given a $0.119 dividend. The ex-dividend date of this dividend is Wednesday, October 30th. This represents a $1.43 dividend on an annualized basis and a yield of 4.63%. Stag Industrial’s dividend payout ratio is currently 79.89%.

A number of analysts have recently issued reports on STAG shares. Zacks Investment Research raised Stag Industrial from a “sell” rating to a “hold” rating in a research note on Friday, October 4th. ValuEngine downgraded Stag Industrial from a “buy” rating to a “hold” rating in a research report on Friday, July 19th. Four research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $31.33.

About Stag Industrial

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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