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

Keybank National Association OH reduced its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,096 shares of the real estate investment trust’s stock after selling 1,016 shares during the period. Keybank National Association OH’s holdings in STAG Industrial were worth $713,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of STAG. Van ECK Associates Corp grew its position in shares of STAG Industrial by 12.3% during the 3rd quarter. Van ECK Associates Corp now owns 82,099 shares of the real estate investment trust’s stock valued at $3,123,000 after acquiring an additional 8,990 shares during the period. Verdence Capital Advisors LLC grew its position in shares of STAG Industrial by 5.0% during the 3rd quarter. Verdence Capital Advisors LLC now owns 9,648 shares of the real estate investment trust’s stock valued at $377,000 after acquiring an additional 459 shares during the period. Atria Investments Inc grew its position in shares of STAG Industrial by 1.6% during the 3rd quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust’s stock valued at $1,033,000 after acquiring an additional 414 shares during the period. Los Angeles Capital Management LLC grew its position in shares of STAG Industrial by 314.5% during the 3rd quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after acquiring an additional 110,410 shares during the period. Finally, Wolverine Asset Management LLC bought a new position in shares of STAG Industrial during the 3rd quarter valued at approximately $1,066,000. 88.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on STAG shares. 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 report on Tuesday, January 28th. Royal Bank of Canada dropped 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 research note on Monday, January 27th. Finally, Raymond James upped their price target on shares of 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 company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction on Tuesday, February 18th. The shares were 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 of the company’s stock, valued at $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

NYSE STAG opened at $36.81 on Friday. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The stock has a market capitalization of $6.87 billion, a PE ratio of 35.39 and a beta of 1.05. The company’s 50 day simple moving average is $34.59 and its two-hundred day simple moving average is $36.56.

STAG Industrial (NYSE:STAG) last posted its earnings results 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%. Analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

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