Shelton Capital Management bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG – Free Report) in the 2nd quarter, HoldingsChannel.com reports. The firm bought 9,000 shares of the real estate investment trust’s stock, valued at approximately $323,000.
A number of other institutional investors have also added to or reduced their stakes in STAG. Norges Bank bought a new position in shares of STAG Industrial in the fourth quarter worth approximately $59,209,000. Channing Capital Management LLC bought a new stake in shares of STAG Industrial during the 1st quarter worth $55,612,000. State Street Corp grew its position in 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 acquiring an additional 1,255,376 shares in the last quarter. Barclays PLC grew its position in STAG Industrial by 684.2% in the second quarter. Barclays PLC now owns 1,346,788 shares of the real estate investment trust’s stock worth $48,323,000 after acquiring an additional 1,175,049 shares in the last quarter. Finally, William Blair Investment Management LLC bought a new position in STAG Industrial in the first quarter valued at $34,565,000. 88.68% of the stock is currently owned by institutional investors.
Insider Buying and Selling
In other STAG Industrial news, Director Benjamin S. Butcher sold 3,150 shares of the stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $36.45, for a total value of $114,817.50. Following the completion of the sale, the director now owns 38,938 shares in the company, valued at approximately $1,419,290.10. The transaction was disclosed in a document filed with the SEC, which is available at this link. 1.10% of the stock is owned by insiders.
STAG Industrial Trading Up 0.9 %
STAG Industrial Announces Dividend
The company also recently announced a monthly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Friday, December 29th will be issued a dividend of $0.1225 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 4.08%. STAG Industrial’s dividend payout ratio is currently 144.12%.
Analysts Set New Price Targets
A number of equities analysts have recently issued reports on STAG shares. Royal Bank of Canada cut STAG Industrial from an “outperform” rating to a “sector perform” rating and cut their price objective for the stock from $42.00 to $39.00 in a report on Friday, November 3rd. Evercore ISI cut their target price on STAG Industrial from $41.00 to $39.00 in a research note on Monday, October 9th. Raymond James decreased 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 note on Tuesday, October 31st. Wells Fargo & Company upped their price objective on shares of STAG Industrial from $33.00 to $37.00 and gave the company an “equal weight” rating in a research note on Monday, August 7th. Finally, Citigroup lifted their target price on shares of STAG Industrial from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.00.
About STAG Industrial
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.
- Five stocks we like better than STAG Industrial
- How to Invest in Energy
- Safeguard your portfolio with these three bargain stocks
- What Investors Need to Know to Beat the Market
- Membership clubs gain leverage for the consumer rebound
- The How And Why of Investing in Oil Stocks
- Advanced Auto Parts may be worth more in pieces than the whole
Receive News & Ratings for STAG Industrial Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for STAG Industrial and related companies with MarketBeat.com's FREE daily email newsletter.