STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by Pitcairn Co.

Pitcairn Co. raised its stake in STAG Industrial, Inc. (NYSE:STAG) by 7.7% in the fourth quarter, HoldingsChannel.com reports. The fund owned 14,410 shares of the real estate investment trust’s stock after buying an additional 1,031 shares during the quarter. Pitcairn Co.’s holdings in STAG Industrial were worth $487,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently made changes to their positions in the company. Sugar Maple Asset Management LLC acquired a new stake in shares of STAG Industrial in the 4th quarter worth about $43,000. Hilltop National Bank raised its holdings in shares of STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 362 shares during the last quarter. Principal Securities Inc. boosted its position in shares of STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 510 shares during the period. Aew Capital Management L P grew its holdings in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after buying an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new stake in STAG Industrial in the 4th quarter valued at approximately $109,000. 88.67% of the stock is owned by institutional investors.

STAG Industrial Price Performance

NYSE:STAG opened at $32.88 on Friday. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week 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 firm has a market cap of $6.14 billion, a P/E ratio of 31.62 and a beta of 1.05. The business’s 50-day moving average price is $35.25 and its 200 day moving average price is $35.92.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (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%. As a group, sell-side analysts predict 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. Stockholders of record on Monday, March 3rd were given a dividend of $0.1242 per share. This represents a dividend yield of 4.25%. The ex-dividend date of this dividend was Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is 143.27%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on STAG shares. Royal Bank of Canada decreased their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Raymond James upped their price objective 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. Finally, Barclays lowered their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, STAG Industrial currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares of the company’s stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

About STAG Industrial

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.