Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp raised its position in shares of Stag Industrial Inc. (NYSE:STAG) by 8.7% during the third quarter, Holdings Channel reports. The fund owned 62,880 shares of the company’s stock after buying an additional 5,020 shares during the period. Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp owned about 0.09% of Stag Industrial worth $1,541,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of STAG. Vanguard Group Inc. raised its stake in shares of Stag Industrial by 3.8% in the second quarter. Vanguard Group Inc. now owns 10,340,067 shares of the company’s stock worth $246,198,000 after buying an additional 380,002 shares during the period. BlackRock Institutional Trust Company N.A. raised its stake in shares of Stag Industrial by 0.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 2,442,670 shares of the company’s stock worth $58,160,000 after buying an additional 7,424 shares during the period. GW&K Investment Management LLC raised its stake in shares of Stag Industrial by 13.2% in the third quarter. GW&K Investment Management LLC now owns 2,277,673 shares of the company’s stock worth $55,826,000 after buying an additional 264,716 shares during the period. Westwood Holdings Group Inc. raised its stake in shares of Stag Industrial by 0.9% in the second quarter. Westwood Holdings Group Inc. now owns 2,057,737 shares of the company’s stock worth $48,995,000 after buying an additional 18,441 shares during the period. Finally, Forward Management LLC raised its stake in shares of Stag Industrial by 1.0% in the second quarter. Forward Management LLC now owns 1,943,000 shares of the company’s stock worth $46,263,000 after buying an additional 19,926 shares during the period. 76.84% of the stock is owned by hedge funds and other institutional investors.

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

Stag Industrial Inc. (NYSE:STAG) traded down 1.01% during trading on Wednesday, hitting $23.61. The stock had a trading volume of 1,134,080 shares. The firm’s market capitalization is $1.78 billion. The firm has a 50 day moving average price of $22.83 and a 200-day moving average price of $23.41. Stag Industrial Inc. has a 1-year low of $14.97 and a 1-year high of $25.51.

Stag Industrial (NYSE:STAG) last issued its earnings results on Thursday, November 3rd. The company reported $0.40 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.38 by $0.02. The company earned $62.60 million during the quarter, compared to the consensus estimate of $11.01 million. Stag Industrial had a negative return on equity of 2.54% and a negative net margin of 7.25%. The firm’s revenue for the quarter was up 11.9% compared to the same quarter last year. During the same period last year, the business posted $0.39 EPS. On average, equities research analysts expect that Stag Industrial Inc. will post $1.56 EPS for the current year.

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Several analysts recently issued reports on STAG shares. Cantor Fitzgerald reiterated a “hold” rating and set a $23.50 target price on shares of Stag Industrial in a report on Monday, August 22nd. Capital One Financial Corp. upgraded Stag Industrial from an “equal weight” rating to an “overweight” rating and set a $24.00 target price on the stock in a report on Friday, October 14th. Jefferies Group upgraded Stag Industrial from a “hold” rating to a “buy” rating in a report on Tuesday, November 15th. Zacks Investment Research upgraded Stag Industrial from a “hold” rating to a “buy” rating and set a $25.00 target price on the stock in a report on Wednesday, November 16th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $26.00 target price on shares of Stag Industrial in a report on Friday, August 26th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $24.77.

In related news, CEO Benjamin S. Butcher purchased 2,000 shares of the business’s stock in a transaction on Friday, September 9th. The stock was acquired at an average price of $23.81 per share, for a total transaction of $47,620.00. Following the purchase, the chief executive officer now owns 72,088 shares of the company’s stock, valued at $1,716,415.28. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Larry T. Guillemette purchased 10,500 shares of the business’s stock in a transaction on Monday, September 26th. The shares were bought at an average price of $24.91 per share, with a total value of $261,555.00. Following the purchase, the director now directly owns 11,882 shares in the company, valued at approximately $295,980.62. The disclosure for this purchase can be found here. Company insiders own 2.10% of the company’s stock.

Stag Industrial Company Profile

STAG Industrial, Inc is a real estate investment trust. The Company focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Company owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings.

5 Day Chart for NYSE:STAG

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