Securian Asset Management Inc. Has $466,000 Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Securian Asset Management Inc. reduced its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 2.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,774 shares of the real estate investment trust’s stock after selling 387 shares during the period. Securian Asset Management Inc.’s holdings in STAG Industrial were worth $466,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. FMR LLC boosted its holdings in STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after acquiring an additional 4,111,268 shares during the period. Raymond James Financial Inc. bought a new stake in STAG Industrial during the 4th quarter valued at approximately $57,561,000. Bank of Montreal Can grew its holdings in STAG Industrial by 330.5% in the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock valued at $52,823,000 after buying an additional 1,033,485 shares during the last quarter. Westfield Capital Management Co. LP increased its position in STAG Industrial by 36.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after buying an additional 442,618 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in shares of STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after buying an additional 227,629 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling 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 document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

NYSE STAG opened at $35.83 on Tuesday. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market cap of $6.68 billion, a P/E ratio of 34.45 and a beta of 1.05. The company’s 50-day simple moving average is $34.88 and its 200 day simple moving average is $36.36.

STAG Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, research analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1242 per share. The ex-dividend date was Friday, February 28th. This is a boost from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 4.25%. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

Analysts Set New Price Targets

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

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.