Intrust Bank NA Sells 705 Shares of STAG Industrial, Inc. (NYSE:STAG)

Intrust Bank NA lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 5.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,537 shares of the real estate investment trust’s stock after selling 705 shares during the quarter. Intrust Bank NA’s holdings in STAG Industrial were worth $492,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Fifth Third Bancorp increased its holdings in shares of STAG Industrial by 31.4% during the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 284 shares during the period. Ipswich Investment Management Co. Inc. increased its stake in STAG Industrial by 1.5% during the third quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock valued at $721,000 after acquiring an additional 300 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of STAG Industrial by 3.6% in the 4th quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust’s stock worth $340,000 after acquiring an additional 301 shares during the period. Metis Global Partners LLC increased its position in shares of STAG Industrial by 3.0% during the third quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 311 shares during the period. Finally, Cornercap Investment Counsel Inc. boosted its stake in STAG Industrial by 1.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust’s stock worth $1,070,000 after buying an additional 324 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of analyst reports. Barclays began coverage on STAG Industrial in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price target on the stock. BMO Capital Markets reiterated an “outperform” rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Royal Bank of Canada upped their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Friday, February 16th. Finally, Robert W. Baird reissued a “neutral” rating and issued a $41.00 target price (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial currently has an average rating of “Hold” and an average price target of $39.13.

STAG Industrial Stock Down 0.7 %

NYSE:STAG opened at $34.40 on Wednesday. The company has a market cap of $6.26 billion, a PE ratio of 31.85, a PEG ratio of 4.89 and a beta of 1.02. The stock has a 50-day simple moving average of $37.11 and a 200 day simple moving average of $36.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.30%. STAG Industrial’s dividend payout ratio (DPR) is presently 137.04%.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.