STAG Industrial, Inc. (NYSE:STAG) Stock Holdings Lessened by Putnam Investments LLC

Putnam Investments LLC reduced its position in shares of STAG Industrial, Inc. (NYSE:STAG – Get Rating) by 1.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 78,516 shares of the real estate investment trust’s stock after selling 1,423 shares during the quarter. Putnam Investments LLC’s holdings in STAG Industrial were worth $2,232,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the stock. State Street Corp increased its position in STAG Industrial by 17.2% during the first quarter. State Street Corp now owns 8,561,192 shares of the real estate investment trust’s stock worth $355,024,000 after buying an additional 1,255,376 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of STAG Industrial by 4.1% in the first quarter. Vanguard Group Inc. now owns 25,677,207 shares of the real estate investment trust’s stock valued at $1,061,753,000 after purchasing an additional 1,008,932 shares in the last quarter. Waterfront Capital Partners LLC boosted its stake in STAG Industrial by 68.3% in the third quarter. Waterfront Capital Partners LLC now owns 2,485,493 shares of the real estate investment trust’s stock valued at $70,663,000 after acquiring an additional 1,008,674 shares during the last quarter. Zimmer Partners LP boosted its position in shares of STAG Industrial by 18.9% during the second quarter. Zimmer Partners LP now owns 4,875,000 shares of the real estate investment trust’s stock worth $150,540,000 after purchasing an additional 775,000 shares in the last quarter. Finally, Leeward Investments LLC MA bought a new stake in STAG Industrial in the 3rd quarter valued at $17,867,000. 85.21% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Price Performance

STAG opened at $31.37 on Monday. The company has a market capitalization of $5.63 billion, a price-to-earnings ratio of 31.37, a PEG ratio of 4.76 and a beta of 1.01. 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 firm has a 50-day moving average price of $34.57 and a 200-day moving average price of $32.34. STAG Industrial, Inc. has a twelve month low of $26.56 and a twelve month high of $42.49.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, April 17th. Shareholders of record on Friday, March 31st will be given a dividend of $0.1225 per share. The ex-dividend date is Thursday, March 30th. This represents a $1.47 annualized dividend and a yield of 4.69%. STAG Industrial’s payout ratio is presently 147.00%.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Wells Fargo & Company downgraded shares of STAG Industrial from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $36.00 to $34.00 in a report on Tuesday, November 22nd. TheStreet raised shares of STAG Industrial from a “c+” rating to a “b” rating in a research report on Wednesday, November 23rd. JPMorgan Chase & Co. raised their price objective on shares of STAG Industrial from $34.00 to $36.00 and gave the stock a “neutral” rating in a report on Thursday, February 23rd. Finally, BMO Capital Markets assumed coverage on shares of STAG Industrial in a report on Monday, February 6th. They set an “outperform” rating and a $41.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.83.

Insider Buying and Selling at STAG Industrial

In other news, insider Benjamin S. Butcher sold 19,923 shares of the business’s stock in a transaction that occurred on Wednesday, February 22nd. The shares were sold at an average price of $34.69, for a total value of $691,128.87. Following the completion of the sale, the insider now directly owns 7,088 shares in the company, valued at approximately $245,882.72. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

STAG Industrial Company Profile

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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.