State of Alaska Department of Revenue Decreases Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

State of Alaska Department of Revenue trimmed its holdings in STAG Industrial, Inc. (NYSE:STAGFree Report) by 1.4% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,750 shares of the real estate investment trust’s stock after selling 1,525 shares during the quarter. State of Alaska Department of Revenue owned about 0.06% of STAG Industrial worth $4,150,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Schonfeld Strategic Advisors LLC increased its holdings in shares of STAG Industrial by 132.7% during the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust’s stock worth $10,823,000 after buying an additional 178,846 shares during the last quarter. Sei Investments Co. increased its holdings in shares of STAG Industrial by 11.8% during the 3rd quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust’s stock worth $17,310,000 after buying an additional 53,109 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of STAG Industrial by 1.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 4,286,953 shares of the real estate investment trust’s stock worth $147,943,000 after buying an additional 59,463 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in shares of STAG Industrial by 2.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,728,355 shares of the real estate investment trust’s stock worth $94,156,000 after buying an additional 73,224 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of STAG Industrial by 35.3% during the 3rd quarter. Invesco Ltd. now owns 1,613,265 shares of the real estate investment trust’s stock worth $55,674,000 after buying an additional 420,768 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the stock. Royal Bank of Canada lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. Barclays assumed coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price for the company. Finally, Robert W. Baird reiterated a “neutral” rating and issued a $41.00 target price (up previously from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Six analysts have rated the stock with a hold rating and one has given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $38.71.

Check Out Our Latest Stock Report on STAG

STAG Industrial Stock Performance

NYSE:STAG opened at $37.24 on Wednesday. The company has a fifty day simple moving average of $37.76 and a two-hundred day simple moving average of $36.64. The company has a market cap of $6.77 billion, a price-to-earnings ratio of 34.48, a price-to-earnings-growth ratio of 5.42 and a beta of 1.02. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a $0.1233 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.48 annualized dividend and a dividend yield of 3.97%. STAG Industrial’s dividend payout ratio (DPR) is 137.04%.

About STAG Industrial

(Free Report)

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.

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

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