STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Creative Planning

Posted by Defense World Staff on Oct 20th, 2023

Creative Planning raised its holdings in STAG Industrial, Inc. (NYSE:STAG – Free Report) by 14.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 12,967 shares of the real estate investment trust’s stock after acquiring an additional 1,594 shares during the quarter. Creative Planning’s holdings in STAG Industrial were worth $465,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Eagle Bay Advisors LLC acquired a new stake in STAG Industrial in the 2nd quarter valued at about $27,000. HM Payson & Co. acquired a new stake in STAG Industrial in the 1st quarter valued at about $34,000. Institutional & Family Asset Management LLC lifted its holdings in STAG Industrial by 48.5% in the 1st quarter. Institutional & Family Asset Management LLC now owns 1,391 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 454 shares during the last quarter. Godsey & Gibb Inc. acquired a new stake in STAG Industrial in the 1st quarter valued at about $49,000. Finally, American National Bank raised its holdings in STAG Industrial by 5,096.4% during the 1st quarter. American National Bank now owns 1,455 shares of the real estate investment trust’s stock worth $49,000 after buying an additional 1,427 shares during the period. 88.68% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 3,150 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $36.45, for a total value of $114,817.50. Following the transaction, the director now owns 38,938 shares in the company, valued at $1,419,290.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other STAG Industrial news, Director Benjamin S. Butcher sold 3,150 shares of the company’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $36.45, for a total transaction of $114,817.50. Following the completion of the sale, the director now owns 38,938 shares of the company’s stock, valued at $1,419,290.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Benjamin S. Butcher sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $36.47, for a total value of $1,094,100.00. Following the sale, the director now directly owns 7,088 shares of the company’s stock, valued at approximately $258,499.36. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

STAG Industrial Trading Down 2.0 %

NYSE:STAG opened at $32.93 on Friday. The stock’s 50 day moving average price is $35.45 and its 200 day moving average price is $35.34. STAG Industrial, Inc. has a 52 week low of $27.62 and a 52 week high of $38.83. The company has a market capitalization of $5.92 billion, a P/E ratio of 30.39, a P/E/G ratio of 4.89 and a beta of 1.00. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.37 and a current ratio of 1.37.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 29th will be issued a $0.1225 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.47 dividend on an annualized basis and a yield of 4.46%. STAG Industrial’s dividend payout ratio is currently 134.86%.

Analysts Set New Price Targets

Several analysts have issued reports on STAG shares. Citigroup boosted their price objective on STAG Industrial from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, August 11th. Raymond James boosted their price objective on STAG Industrial from $36.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, August 8th. Evercore ISI cut their price objective on STAG Industrial from $41.00 to $39.00 in a report on Monday, October 9th. Royal Bank of Canada restated an “outperform” rating and set a $42.00 price objective on shares of STAG Industrial in a report on Thursday, August 17th. Finally, StockNews.com assumed coverage on STAG Industrial in a report on Thursday, October 5th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $38.71.

Check Out Our Latest Stock Analysis on STAG Industrial

STAG Industrial Profile

(Free Report)

We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.