Stag Industrial, Inc. $STAG Shares Sold by Handelsbanken Fonder AB

Handelsbanken Fonder AB reduced its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 2.4% during the second quarter, Holdings Channel.com reports. The firm owned 53,502 shares of the real estate investment trust’s stock after selling 1,300 shares during the period. Handelsbanken Fonder AB’s holdings in Stag Industrial were worth $1,941,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of the stock. First Hawaiian Bank increased its stake in Stag Industrial by 1.5% during the 1st quarter. First Hawaiian Bank now owns 19,132 shares of the real estate investment trust’s stock valued at $691,000 after buying an additional 289 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of Stag Industrial by 2.4% in the second quarter. Tectonic Advisors LLC now owns 13,018 shares of the real estate investment trust’s stock valued at $472,000 after acquiring an additional 304 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Stag Industrial by 4.2% during the second quarter. ProShare Advisors LLC now owns 8,275 shares of the real estate investment trust’s stock valued at $300,000 after acquiring an additional 332 shares during the period. Aew Capital Management L P increased its stake in shares of Stag Industrial by 12.5% during the first quarter. Aew Capital Management L P now owns 3,600 shares of the real estate investment trust’s stock valued at $130,000 after acquiring an additional 400 shares during the period. Finally, New York State Teachers Retirement System raised its holdings in Stag Industrial by 0.7% during the second quarter. New York State Teachers Retirement System now owns 56,366 shares of the real estate investment trust’s stock worth $2,045,000 after purchasing an additional 403 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on STAG shares. Evercore ISI increased their price target on Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. Cantor Fitzgerald initiated coverage on Stag Industrial in a research note on Wednesday, October 1st. They set a “neutral” rating and a $37.00 target price for the company. Wall Street Zen upgraded shares of Stag Industrial from a “sell” rating to a “hold” rating in a research report on Sunday, November 16th. Robert W. Baird raised their price objective on shares of Stag Industrial from $38.00 to $39.00 and gave the company a “neutral” rating in a research report on Tuesday, November 4th. Finally, Royal Bank Of Canada lifted their price objective on shares of Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research note on Thursday, November 6th. Three analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $38.89.

Insider Transactions at Stag Industrial

In other news, Director Larry T. Guillemette sold 2,004 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The shares were sold at an average price of $35.20, for a total transaction of $70,540.80. Following the sale, the director owned 38,666 shares in the company, valued at $1,361,043.20. The trade was a 4.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Michael Chase sold 13,144 shares of the company’s stock in a transaction that occurred on Wednesday, November 5th. The shares were sold at an average price of $38.75, for a total transaction of $509,330.00. Following the completion of the sale, the executive vice president owned 9,422 shares of the company’s stock, valued at approximately $365,102.50. This trade represents a 58.25% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 40,148 shares of company stock valued at $1,502,621 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Stag Industrial Trading Up 0.5%

Shares of NYSE STAG opened at $39.46 on Thursday. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $39.73. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 30.35 and a beta of 0.95. The business has a fifty day simple moving average of $37.46 and a 200-day simple moving average of $36.40.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.63 by $0.02. Stag Industrial had a return on equity of 6.82% and a net margin of 29.24%.The firm had revenue of $211.12 million for the quarter, compared to analysts’ expectations of $210.26 million. During the same quarter last year, the business posted $0.60 EPS. Stag Industrial’s revenue was up 10.7% on a year-over-year basis. Sell-side analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.1242 dividend. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend is Wednesday, December 31st. Stag Industrial’s dividend payout ratio (DPR) is 114.62%.

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.