Swiss National Bank Has $13.61 Million Holdings in STAG Industrial, Inc. (NYSE:STAG)

Swiss National Bank increased its stake in shares of STAG Industrial, Inc. (NYSE:STAGFree Report) by 1.0% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 394,400 shares of the real estate investment trust’s stock after buying an additional 3,900 shares during the period. Swiss National Bank owned about 0.22% of STAG Industrial worth $13,611,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in STAG Industrial by 1.0% in the third quarter. Vanguard Group Inc. now owns 26,016,580 shares of the real estate investment trust’s stock worth $739,651,000 after buying an additional 253,301 shares in the last quarter. BlackRock Inc. lifted its position in STAG Industrial by 14.7% during the 2nd quarter. BlackRock Inc. now owns 21,196,174 shares of the real estate investment trust’s stock valued at $760,519,000 after acquiring an additional 2,724,076 shares during the period. State Street Corp lifted its position in STAG Industrial by 11.6% during the 2nd quarter. State Street Corp now owns 9,782,753 shares of the real estate investment trust’s stock valued at $352,179,000 after acquiring an additional 1,016,348 shares during the period. Alliancebernstein L.P. lifted its position in STAG Industrial by 13.9% during the 4th quarter. Alliancebernstein L.P. now owns 4,241,749 shares of the real estate investment trust’s stock valued at $137,051,000 after acquiring an additional 516,088 shares during the period. Finally, Geode Capital Management LLC lifted its position in STAG Industrial by 3.6% during the 1st quarter. Geode Capital Management LLC now owns 3,806,675 shares of the real estate investment trust’s stock valued at $128,742,000 after acquiring an additional 132,536 shares during the period. 88.68% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other STAG Industrial news, CAO Jaclyn Paul sold 12,900 shares of the stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $38.57, for a total value of $497,553.00. Following the transaction, the chief accounting officer now directly owns 10,916 shares in the company, valued at $421,030.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other STAG Industrial news, CEO William R. Crooker sold 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 20th. The shares were sold at an average price of $38.84, for a total transaction 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 SEC, which is available through this hyperlink. Also, CAO Jaclyn Paul sold 12,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $38.57, for a total transaction of $497,553.00. Following the sale, the chief accounting officer now owns 10,916 shares in the company, valued at approximately $421,030.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 87,890 shares of company stock worth $3,333,708. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on STAG

STAG Industrial Price Performance

NYSE STAG opened at $37.53 on Monday. The business’s fifty day moving average price is $38.04 and its 200-day moving average price is $36.20. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 36.79, a PEG ratio of 8.66 and a beta of 1.03. 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 firm also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be given a $0.1233 dividend. The ex-dividend date of this dividend is Wednesday, March 27th. This represents a $1.48 annualized dividend and a yield of 3.94%. STAG Industrial’s payout ratio is presently 145.10%.

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.

Further Reading

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

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