STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC lifted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 2.0% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 46,087 shares of the real estate investment trust’s stock after acquiring an additional 894 shares during the period. Anchor Capital Advisors LLC’s holdings in STAG Industrial were worth $1,559,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in STAG. FMR LLC grew its position in STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after buying an additional 4,111,268 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of STAG Industrial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after acquiring an additional 21,925 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of STAG Industrial by 4.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust’s stock valued at $61,905,000 after acquiring an additional 79,762 shares during the period. Finally, Westfield Capital Management Co. LP raised its holdings in STAG Industrial by 36.0% during the third 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 purchasing an additional 442,618 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Insider Buying and Selling at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

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

STAG Industrial Trading Up 1.0 %

NYSE:STAG opened at $36.01 on Friday. The stock has a fifty day simple moving average of $34.34 and a 200 day simple moving average of $36.69. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 34.62 and a beta of 1.09. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year 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.

STAG Industrial (NYSE:STAG) last announced 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%. Sell-side analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

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

STAG Industrial Company 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.