STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,102,124 shares of the real estate investment trust’s stock after buying an additional 8,970 shares during the period. Segall Bryant & Hamill LLC owned approximately 0.60% of STAG Industrial worth $37,274,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its position in STAG Industrial by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock worth $1,256,000 after acquiring an additional 300 shares during the period. Values First Advisors Inc. lifted its holdings in shares of STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 307 shares during the period. Hennion & Walsh Asset Management Inc. boosted its position in STAG Industrial by 3.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after buying an additional 347 shares during the last quarter. Peak Financial Advisors LLC increased its holdings in STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 356 shares during the period. Finally, Hilltop National Bank raised its position in STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after buying an additional 362 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently commented on STAG. Raymond James upped their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays cut their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada decreased their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, STAG Industrial currently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the transaction, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.10% of the stock is owned by insiders.

STAG Industrial Trading Up 1.4 %

STAG stock opened at $34.48 on Tuesday. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm has a market cap of $6.44 billion, a P/E ratio of 33.16 and a beta of 1.05. The company’s 50-day simple moving average is $35.07 and its 200-day simple moving average is $36.17.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, equities analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were paid a $0.1242 dividend. The ex-dividend date was Friday, February 28th. This represents a yield of 4.25%. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is currently 143.27%.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.