Stag Industrial, Inc. $STAG Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH boosted its holdings in Stag Industrial, Inc. (NYSE:STAG) by 7.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 760,083 shares of the real estate investment trust’s stock after acquiring an additional 53,413 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.41% of Stag Industrial worth $27,941,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of STAG. Measured Wealth Private Client Group LLC acquired a new position in shares of Stag Industrial during the 3rd quarter worth $27,000. Root Financial Partners LLC acquired a new stake in shares of Stag Industrial in the third quarter valued at about $43,000. EverSource Wealth Advisors LLC boosted its holdings in Stag Industrial by 270.1% during the second quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,048 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Stag Industrial by 76.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 1,764 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 764 shares in the last quarter. Finally, Covestor Ltd grew its position in Stag Industrial by 98.5% during the third quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 878 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, February 19th. Evercore restated an “outperform” rating on shares of Stag Industrial in a report on Friday, February 13th. Robert W. Baird set a $40.00 price objective on Stag Industrial in a research note on Tuesday, February 17th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Stag Industrial in a report on Monday, December 22nd. Finally, Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $39.50.

Insider Activity at Stag Industrial

In other Stag Industrial news, CEO William R. Crooker sold 93,732 shares of the firm’s stock in a transaction dated Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Virgis Colbert sold 18,000 shares of Stag Industrial stock in a transaction dated Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the sale, the director owned 4,210 shares of the company’s stock, valued at $160,316.80. This trade represents a 81.04% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 136,974 shares of company stock worth $5,345,904. 1.10% of the stock is currently owned by insiders.

Stag Industrial Trading Down 0.6%

Shares of STAG stock opened at $36.10 on Friday. The firm has a 50-day moving average price of $38.07 and a 200 day moving average price of $37.68. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.98. The company has a market capitalization of $6.90 billion, a price-to-earnings ratio of 24.73 and a beta of 1.04. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.89.

Stag Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 11th. The real estate investment trust reported $0.66 EPS for the quarter, topping the consensus estimate of $0.63 by $0.03. The firm had revenue of $220.90 million during the quarter, compared to analysts’ expectations of $213.66 million. Stag Industrial had a net margin of 32.35% and a return on equity of 7.68%. Stag Industrial’s revenue for the quarter was up 10.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.61 EPS. Research analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.3875 dividend. The ex-dividend date of this dividend is Tuesday, March 31st. This represents a $1.55 dividend on an annualized basis and a dividend yield of 4.3%. Stag Industrial’s payout ratio is currently 102.05%.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.