Charles Schwab Investment Management Inc. Grows Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Charles Schwab Investment Management Inc. boosted its position in shares of STAG Industrial, Inc. (NYSE:STAGFree Report) by 2.8% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,728,355 shares of the real estate investment trust’s stock after acquiring an additional 73,224 shares during the period. Charles Schwab Investment Management Inc.’s holdings in STAG Industrial were worth $94,156,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AllSquare Wealth Management LLC purchased a new stake in STAG Industrial during the 2nd quarter valued at approximately $27,000. Eagle Bay Advisors LLC purchased a new stake in STAG Industrial during the 2nd quarter valued at approximately $27,000. Fifth Third Bancorp grew its holdings in STAG Industrial by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 496 shares in the last quarter. IFP Advisors Inc grew its holdings in STAG Industrial by 52.6% during the 2nd quarter. IFP Advisors Inc now owns 1,401 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 483 shares in the last quarter. Finally, Parallel Advisors LLC grew its holdings in STAG Industrial by 464.1% during the 2nd quarter. Parallel Advisors LLC now owns 1,303 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 1,072 shares in the last quarter. Institutional investors own 88.68% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on STAG. Royal Bank of Canada lowered shares of STAG Industrial from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $42.00 to $39.00 in a report on Friday, November 3rd. Robert W. Baird reissued a “neutral” rating and issued a $41.00 target price (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Finally, Raymond James cut their target price on shares of STAG Industrial from $39.00 to $37.00 and set an “outperform” rating for the company in a report on Tuesday, October 31st. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $38.00.

Get Our Latest Report on STAG

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 30,340 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $36.32, for a total value of $1,101,948.80. Following the completion of the sale, the director now directly owns 17,148 shares in the company, valued at $622,815.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In related news, Director Benjamin S. Butcher sold 30,340 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $36.32, for a total value of $1,101,948.80. Following the completion of the sale, the director now directly owns 17,148 shares in the company, valued at $622,815.36. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Jaclyn Paul sold 12,900 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $38.57, for a total value of $497,553.00. Following the completion of the sale, the chief accounting officer now owns 10,916 shares of the company’s stock, valued at $421,030.12. The disclosure for this sale can be found here. Insiders sold a total of 87,890 shares of company stock worth $3,333,708 over the last three months. 1.10% of the stock is owned by insiders.

STAG Industrial Trading Up 0.1 %

STAG stock opened at $37.53 on Monday. The firm has a fifty day moving average price of $38.04 and a 200 day moving average price of $36.20. STAG Industrial, Inc. has a fifty-two week low of $31.01 and a fifty-two week high of $39.61. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.31 and a current ratio of 1.31. The firm has a market cap of $6.81 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 8.66 and a beta of 1.03.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be given a $0.1233 dividend. The ex-dividend date is Wednesday, March 27th. This represents a $1.48 dividend on an annualized basis and a yield of 3.94%. STAG Industrial’s dividend payout ratio is presently 145.10%.

About STAG Industrial

(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.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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