Boston Trust Walden Corp Sells 5,787 Shares of STAG Industrial, Inc. (NYSE:STAG)

Boston Trust Walden Corp decreased its position in STAG Industrial, Inc. (NYSE:STAG) by 0.2% during the 4th quarter, Holdings Channel.com reports. The fund owned 2,504,968 shares of the real estate investment trust’s stock after selling 5,787 shares during the quarter. Boston Trust Walden Corp’s holdings in STAG Industrial were worth $84,718,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of STAG. UMB Bank n.a. grew its holdings in STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 306 shares during the period. Sugar Maple Asset Management LLC bought a new stake in STAG Industrial in the 4th quarter valued at approximately $43,000. Coastline Trust Co bought a new stake in shares of STAG Industrial in the third quarter worth $55,000. GAMMA Investing LLC lifted its position in STAG Industrial by 72.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 659 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in STAG Industrial in the second quarter valued at approximately $57,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on STAG. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. 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 report on Monday, January 27th. Finally, Barclays reduced their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Stock Performance

STAG opened at $34.20 on Monday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The business has a fifty day simple moving average of $34.69 and a 200 day simple moving average of $37.31. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The company has a market capitalization of $6.23 billion, a PE ratio of 34.54 and a beta of 1.09.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is currently 150.51%.

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.