Stag Industrial, Inc. $STAG Stake Reduced by Bokf Na

Bokf Na reduced its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 6.2% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 346,854 shares of the real estate investment trust’s stock after selling 22,882 shares during the period. Bokf Na’s holdings in Stag Industrial were worth $12,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the business. Strs Ohio boosted its position in Stag Industrial by 647.7% during the 4th quarter. Strs Ohio now owns 33,371 shares of the real estate investment trust’s stock worth $1,227,000 after acquiring an additional 28,908 shares during the period. Horizon Investments LLC acquired a new position in Stag Industrial during the 4th quarter worth $780,000. Values First Advisors Inc. boosted its position in Stag Industrial by 8.7% during the 4th quarter. Values First Advisors Inc. now owns 16,050 shares of the real estate investment trust’s stock worth $590,000 after acquiring an additional 1,290 shares during the period. M&T Bank Corp boosted its position in Stag Industrial by 190.9% during the 4th quarter. M&T Bank Corp now owns 26,101 shares of the real estate investment trust’s stock worth $959,000 after acquiring an additional 17,129 shares during the period. Finally, Kestra Private Wealth Services LLC boosted its position in Stag Industrial by 14.6% during the 4th quarter. Kestra Private Wealth Services LLC now owns 23,292 shares of the real estate investment trust’s stock worth $856,000 after acquiring an additional 2,959 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

Stag Industrial Trading Up 0.8%

Shares of Stag Industrial stock opened at $38.05 on Wednesday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 0.87. The firm has a market cap of $7.28 billion, a price-to-earnings ratio of 29.50 and a beta of 1.00. The business has a fifty day simple moving average of $38.11 and a 200-day simple moving average of $38.12. Stag Industrial, Inc. has a fifty-two week low of $33.06 and a fifty-two week high of $39.99.

Stag Industrial (NYSE:STAG) last announced its quarterly earnings data on Tuesday, April 28th. The real estate investment trust reported $0.32 earnings per share for the quarter, beating the consensus estimate of $0.23 by $0.09. The business had revenue of $224.21 million during the quarter, compared to analyst estimates of $221.52 million. Stag Industrial had a return on equity of 6.80% and a net margin of 28.25%.The company’s revenue was up 9.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.61 earnings per share. On average, equities analysts forecast that Stag Industrial, Inc. will post 2.63 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th will be issued a $0.3875 dividend. The ex-dividend date is Tuesday, June 30th. This represents a $1.55 annualized dividend and a dividend yield of 4.1%. Stag Industrial’s dividend payout ratio is 120.16%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Robert W. Baird set a $40.00 price target on Stag Industrial in a research report on Tuesday, February 17th. Wall Street Zen upgraded Stag Industrial from a “sell” rating to a “hold” rating in a research report on Saturday, February 7th. Evercore reiterated an “outperform” rating and set a $44.00 price target on shares of Stag Industrial in a research report on Wednesday, April 29th. Barclays reduced their price target on Stag Industrial from $39.00 to $38.00 and set an “underweight” rating for the company in a research report on Tuesday. Finally, JPMorgan Chase & Co. boosted their price target on Stag Industrial from $39.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, February 19th. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $39.60.

Insider Activity

In other news, CEO William R. Crooker sold 93,732 shares of the company’s stock in a transaction on Monday, February 23rd. The stock was sold at an average price of $39.17, for a total value of $3,671,482.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Virgis Colbert sold 18,000 shares of the company’s stock in a transaction on Thursday, February 19th. The shares were sold at an average price of $38.08, for a total value of $685,440.00. Following the completion of the sale, the director owned 4,210 shares of the company’s stock, valued at approximately $160,316.80. This trade represents a 81.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 136,974 shares of company stock worth $5,345,904 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

Stag Industrial Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.