Keybank National Association OH Sells 1,016 Shares of STAG Industrial, Inc. (NYSE:STAG)

Keybank National Association OH lowered its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 21,096 shares of the real estate investment trust’s stock after selling 1,016 shares during the quarter. Keybank National Association OH’s holdings in STAG Industrial were worth $713,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Steward Partners Investment Advisory LLC grew its holdings in shares of STAG Industrial by 28.8% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 5,306 shares of the real estate investment trust’s stock valued at $179,000 after purchasing an additional 1,187 shares during the last quarter. Jones Financial Companies Lllp grew its holdings in shares of STAG Industrial by 277.3% during the 4th quarter. Jones Financial Companies Lllp now owns 4,577 shares of the real estate investment trust’s stock valued at $155,000 after purchasing an additional 3,364 shares during the last quarter. Aew Capital Management L P grew its holdings in shares of STAG Industrial by 52.4% during the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,100 shares during the last quarter. Metis Global Partners LLC grew its holdings in STAG Industrial by 11.4% in the 4th quarter. Metis Global Partners LLC now owns 20,880 shares of the real estate investment trust’s stock worth $706,000 after acquiring an additional 2,132 shares during the last quarter. Finally, US Bancorp DE grew its holdings in STAG Industrial by 1.5% in the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust’s stock worth $917,000 after acquiring an additional 402 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays cut their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Finally, Royal Bank of Canada cut their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Trading Up 0.7 %

NYSE:STAG opened at $36.81 on Friday. The company has a 50-day moving average price of $34.59 and a 200-day moving average price of $36.56. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market cap of $6.87 billion, a price-to-earnings ratio of 35.39 and a beta of 1.05.

STAG Industrial (NYSE:STAG) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Equities analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be given a dividend of $0.1242 per share. This is a boost from STAG Industrial’s previous dividend of $0.12. This represents a yield of 4.25%. The ex-dividend date of this dividend is Friday, February 28th. STAG Industrial’s dividend payout ratio (DPR) is 143.27%.

STAG Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.