Pictet Asset Management SA cut its position in STAG Industrial, Inc. (NYSE:STAG – Get Rating) by 1.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 70,442 shares of the real estate investment trust’s stock after selling 1,018 shares during the quarter. Pictet Asset Management SA’s holdings in STAG Industrial were worth $2,002,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also added to or reduced their stakes in STAG. Vanguard Group Inc. increased its holdings in STAG Industrial by 4.1% during the 1st quarter. Vanguard Group Inc. now owns 25,677,207 shares of the real estate investment trust’s stock worth $1,061,753,000 after purchasing an additional 1,008,932 shares during the last quarter. State Street Corp raised its holdings in STAG Industrial by 2.3% in the second quarter. State Street Corp now owns 8,755,891 shares of the real estate investment trust’s stock valued at $271,402,000 after acquiring an additional 194,699 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in STAG Industrial by 0.8% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 5,334,228 shares of the real estate investment trust’s stock valued at $164,721,000 after acquiring an additional 40,903 shares during the last quarter. Zimmer Partners LP grew its holdings in STAG Industrial by 18.9% during the 2nd quarter. Zimmer Partners LP now owns 4,875,000 shares of the real estate investment trust’s stock worth $150,540,000 after acquiring an additional 775,000 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in shares of STAG Industrial by 5.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 3,148,777 shares of the real estate investment trust’s stock worth $97,234,000 after purchasing an additional 175,758 shares during the last quarter. 85.21% of the stock is owned by institutional investors and hedge funds.
STAG Industrial Trading Down 0.9 %
Shares of NYSE:STAG opened at $34.11 on Monday. The company has a quick ratio of 1.45, a current ratio of 1.45 and a debt-to-equity ratio of 0.72. The company’s 50-day moving average price is $34.43 and its 200 day moving average price is $32.38. The company has a market cap of $6.12 billion, a PE ratio of 34.11, a P/E/G ratio of 4.75 and a beta of 1.02. STAG Industrial, Inc. has a fifty-two week low of $26.56 and a fifty-two week high of $42.49.
STAG Industrial Dividend Announcement
Wall Street Analyst Weigh In
Several analysts recently weighed in on STAG shares. BMO Capital Markets assumed coverage on STAG Industrial in a report on Monday, February 6th. They issued an “outperform” rating and a $41.00 price objective for the company. Wells Fargo & Company downgraded shares of STAG Industrial from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $36.00 to $34.00 in a report on Tuesday, November 22nd. JPMorgan Chase & Co. increased their target price on shares of STAG Industrial from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday. Finally, TheStreet raised shares of STAG Industrial from a “c+” rating to a “b” rating in a research report on Wednesday, November 23rd. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $37.83.
Insiders Place Their Bets
In related news, insider Benjamin S. Butcher sold 19,923 shares of STAG Industrial stock in a transaction on Wednesday, February 22nd. The stock was sold at an average price of $34.69, for a total value of $691,128.87. Following the transaction, the insider now directly owns 7,088 shares in the company, valued at approximately $245,882.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is owned by company insiders.
About STAG Industrial
STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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