Nordea Investment Management AB decreased its position in STAG Industrial, Inc. (NYSE:STAG – Get Rating) by 0.7% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 169,060 shares of the real estate investment trust’s stock after selling 1,275 shares during the period. Nordea Investment Management AB owned about 0.09% of STAG Industrial worth $5,518,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds have also recently made changes to their positions in STAG. State Street Corp grew its holdings in shares of STAG Industrial by 17.2% in the first quarter. State Street Corp now owns 8,561,192 shares of the real estate investment trust’s stock worth $355,024,000 after purchasing an additional 1,255,376 shares during the last quarter. Vaughan Nelson Investment Management L.P. bought a new stake in STAG Industrial in the fourth quarter valued at $39,451,000. Vanguard Group Inc. boosted its holdings in STAG Industrial by 4.1% in the first quarter. Vanguard Group Inc. now owns 25,677,207 shares of the real estate investment trust’s stock valued at $1,061,753,000 after acquiring an additional 1,008,932 shares in the last quarter. Waterfront Capital Partners LLC boosted its holdings in STAG Industrial by 68.3% in the third quarter. Waterfront Capital Partners LLC now owns 2,485,493 shares of the real estate investment trust’s stock valued at $70,663,000 after acquiring an additional 1,008,674 shares in the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in STAG Industrial by 535.7% in the third quarter. Point72 Asset Management L.P. now owns 618,715 shares of the real estate investment trust’s stock valued at $17,590,000 after acquiring an additional 521,383 shares in the last quarter. Institutional investors own 85.21% of the company’s stock.
STAG Industrial Stock Performance
Shares of STAG stock opened at $35.48 on Thursday. STAG Industrial, Inc. has a 12 month low of $26.56 and a 12 month high of $37.15. The stock has a market cap of $6.36 billion, a PE ratio of 36.20, a price-to-earnings-growth ratio of 5.34 and a beta of 1.02. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The company’s fifty day moving average price is $33.32 and its 200-day moving average price is $33.40.
STAG Industrial Increases Dividend
Analyst Upgrades and Downgrades
Several analysts recently weighed in on the stock. JPMorgan Chase & Co. lifted their price target on shares of STAG Industrial from $34.00 to $36.00 and gave the company a “neutral” rating in a report on Thursday, February 23rd. BMO Capital Markets started coverage on shares of STAG Industrial in a report on Monday, February 6th. They issued an “outperform” rating and a $41.00 price target on the stock. Finally, StockNews.com started coverage on shares of STAG Industrial in a report on Thursday, March 16th. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, STAG Industrial currently has an average rating of “Moderate Buy” and an average price target of $37.83.
Insider Transactions at STAG Industrial
In other news, insider Benjamin S. Butcher sold 3,220 shares of STAG Industrial stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $35.02, for a total value of $112,764.40. Following the completion of the transaction, the insider now owns 3,868 shares of the company’s stock, valued at approximately $135,457.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Benjamin S. Butcher sold 3,220 shares of STAG Industrial stock in a transaction dated Tuesday, May 2nd. The stock was sold at an average price of $35.02, for a total value of $112,764.40. Following the completion of the transaction, the insider now owns 3,868 shares of the company’s stock, valued at approximately $135,457.36. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Benjamin S. Butcher sold 19,923 shares of STAG Industrial stock in a transaction dated Wednesday, February 22nd. The stock was sold at an average price of $34.69, for a total value of $691,128.87. Following the completion of the transaction, the insider now directly owns 7,088 shares of the company’s stock, valued at approximately $245,882.72. The disclosure for this sale can be found here. Insiders sold a total of 47,054 shares of company stock valued at $1,564,741 in the last quarter. 1.10% of the stock is owned by insiders.
About STAG Industrial
STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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