Campbell & CO Investment Adviser LLC Sells 6,413 Shares of STAG Industrial, Inc. (NYSE:STAG)

Campbell & CO Investment Adviser LLC decreased its holdings in STAG Industrial, Inc. (NYSE:STAGFree Report) by 24.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 20,184 shares of the real estate investment trust’s stock after selling 6,413 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in STAG Industrial were worth $697,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of STAG. BlackRock Inc. grew its stake in shares of STAG Industrial by 14.7% in the second quarter. BlackRock Inc. now owns 21,196,174 shares of the real estate investment trust’s stock worth $760,519,000 after purchasing an additional 2,724,076 shares during the last quarter. Norges Bank bought a new stake in shares of STAG Industrial in the fourth quarter worth $59,209,000. State Street Corp grew its stake 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. Barclays PLC boosted its position in STAG Industrial by 684.2% during the second quarter. Barclays PLC now owns 1,346,788 shares of the real estate investment trust’s stock valued at $48,323,000 after acquiring an additional 1,175,049 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in STAG Industrial by 4.1% during 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 during the last quarter. Institutional investors own 88.68% of the company’s stock.

STAG Industrial Price Performance

STAG stock opened at $37.53 on Monday. The stock has a market capitalization 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. The company’s 50-day moving average is $38.04 and its 200-day moving average is $36.20. The company has a debt-to-equity ratio of 0.73, a current ratio of 1.31 and a quick ratio of 1.31. STAG Industrial, Inc. has a 1 year low of $31.01 and a 1 year high of $39.61.

STAG Industrial Announces Dividend

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

Analyst Ratings Changes

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

Check Out Our Latest Report on STAG

Insider Transactions at STAG Industrial

In related news, EVP Jeffrey M. Sullivan sold 19,650 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $38.84, for a total value of $763,206.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. In related news, CEO William R. Crooker sold 25,000 shares of the company’s stock in a transaction dated Wednesday, December 20th. The shares were sold at an average price of $38.84, for a total value of $971,000.00. Following the sale, the chief executive officer now owns 7,522 shares in the company, valued at approximately $292,154.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Jeffrey M. Sullivan sold 19,650 shares of the company’s stock in a transaction dated Wednesday, December 20th. The stock was sold at an average price of $38.84, for a total transaction of $763,206.00. The disclosure for this sale can be found here. Insiders have sold 87,890 shares of company stock valued at $3,333,708 in the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

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.

See Also

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

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