Intrust Bank NA Increases Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Intrust Bank NA boosted its stake in STAG Industrial, Inc. (NYSE:STAG) by 6.7% in the fourth quarter, Holdings Channel reports. The fund owned 10,687 shares of the real estate investment trust’s stock after buying an additional 673 shares during the quarter. Intrust Bank NA’s holdings in STAG Industrial were worth $361,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STAG. Sugar Maple Asset Management LLC acquired a new stake in shares of STAG Industrial during the fourth quarter valued at about $43,000. Hilltop National Bank grew its stake 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 valued at $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. increased its holdings in STAG Industrial by 20.7% during the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 510 shares during the last quarter. Aew Capital Management L P raised its position in shares of STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of STAG Industrial during the 4th quarter valued at approximately $109,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $35.58 on Monday. 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 50-day simple moving average of $35.17 and a 200 day simple moving average of $36.06. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The company has a market cap of $6.64 billion, a PE ratio of 34.21 and a beta of 1.05.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. On average, sell-side analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were issued a dividend of $0.1242 per share. This is an increase from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Friday, February 28th. This represents a dividend yield of 4.25%. STAG Industrial’s payout ratio is 143.27%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on STAG shares. Raymond James upped their price target 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. Royal Bank of Canada cut their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Finally, Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, STAG Industrial has an average rating of “Moderate Buy” and an average target price of $40.38.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the transaction, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

STAG Industrial Company Profile

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.