Stag Industrial, Inc. $STAG Shares Purchased by Johnson Investment Counsel Inc.

Johnson Investment Counsel Inc. boosted its holdings in Stag Industrial, Inc. (NYSE:STAG) by 1.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 77,111 shares of the real estate investment trust’s stock after buying an additional 1,136 shares during the period. Johnson Investment Counsel Inc.’s holdings in Stag Industrial were worth $2,798,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. First Hawaiian Bank raised its holdings in shares of Stag Industrial by 1.5% in the 1st quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock worth $691,000 after purchasing an additional 289 shares during the period. Tectonic Advisors LLC raised its holdings in shares of Stag Industrial by 2.4% in the 2nd quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust’s stock worth $472,000 after purchasing an additional 304 shares during the period. Signaturefd LLC raised its holdings in shares of Stag Industrial by 14.0% in the 1st quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock worth $93,000 after purchasing an additional 317 shares during the period. Securian Asset Management Inc. raised its holdings in shares of Stag Industrial by 2.9% in the 1st quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust’s stock worth $512,000 after purchasing an additional 395 shares during the period. Finally, Aew Capital Management L P raised its holdings in shares of Stag Industrial by 12.5% in the 1st quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust’s stock worth $130,000 after purchasing an additional 400 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Stag Industrial news, Director Larry T. Guillemette sold 2,004 shares of the firm’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $35.20, for a total transaction of $70,540.80. Following the completion of the sale, the director owned 38,666 shares in the company, valued at $1,361,043.20. This trade represents a 4.93% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin S. Butcher sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 5th. The shares were sold at an average price of $36.91, for a total value of $922,750.00. Following the sale, the director owned 7,562 shares of the company’s stock, valued at approximately $279,113.42. This trade represents a 76.78% decrease in their position. The disclosure for this sale can be found here. 1.10% of the stock is owned by company insiders.

Stag Industrial Stock Performance

Shares of NYSE:STAG opened at $36.28 on Tuesday. The company has a market cap of $6.77 billion, a P/E ratio of 28.56 and a beta of 0.92. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.31 and a current ratio of 1.31. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $39.21. The business’s 50-day simple moving average is $35.73 and its 200 day simple moving average is $35.16.

Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. The business had revenue of $207.44 million for the quarter, compared to the consensus estimate of $206.37 million. Stag Industrial had a return on equity of 6.71% and a net margin of 29.14%.The company’s revenue was up 9.4% on a year-over-year basis. During the same period last year, the business posted $0.61 EPS. On average, sell-side analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be paid a dividend of $0.1242 per share. This represents a c) dividend on an annualized basis and a yield of 4.1%. The ex-dividend date is Wednesday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is 117.32%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on STAG shares. Weiss Ratings restated a “hold (c+)” rating on shares of Stag Industrial in a report on Wednesday, October 8th. Industrial Alliance Securities set a $37.00 price objective on Stag Industrial in a report on Wednesday, October 1st. Cantor Fitzgerald started coverage on Stag Industrial in a report on Wednesday, October 1st. They set a “neutral” rating and a $37.00 target price on the stock. Finally, Evercore ISI raised their target price on Stag Industrial from $40.00 to $41.00 and gave the company an “outperform” rating in a report on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat, Stag Industrial has a consensus rating of “Hold” and a consensus price target of $38.00.

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.