STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Crawford Investment Counsel Inc.

Crawford Investment Counsel Inc. reduced its position in STAG Industrial, Inc. (NYSE:STAGGet Rating) by 58.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 191,672 shares of the real estate investment trust’s stock after selling 268,006 shares during the period. Crawford Investment Counsel Inc.’s holdings in STAG Industrial were worth $7,926,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Confluence Wealth Services Inc. acquired a new position in shares of STAG Industrial in the 4th quarter valued at $26,000. UMB Bank N A MO purchased a new stake in STAG Industrial in the fourth quarter valued at approximately $34,000. Harel Insurance Investments & Financial Services Ltd. purchased a new stake in STAG Industrial in the first quarter valued at approximately $35,000. USA Financial Portformulas Corp purchased a new stake in STAG Industrial in the fourth quarter valued at approximately $39,000. Finally, Prospera Financial Services Inc purchased a new stake in STAG Industrial in the first quarter valued at approximately $40,000. 84.13% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

NYSE STAG opened at $31.90 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.34 and a quick ratio of 1.34. STAG Industrial, Inc. has a 1 year low of $29.43 and a 1 year high of $48.27. The company has a market capitalization of $5.72 billion, a PE ratio of 24.92, a P/E/G ratio of 2.90 and a beta of 0.98. The company has a fifty day moving average of $31.93 and a two-hundred day moving average of $35.06.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a $0.1217 dividend. The ex-dividend date is Thursday, September 29th. This represents a $1.46 annualized dividend and a yield of 4.58%. STAG Industrial’s dividend payout ratio is presently 114.06%.

Analyst Ratings Changes

STAG has been the topic of a number of recent research reports. Wells Fargo & Company cut their price objective on STAG Industrial from $43.00 to $41.00 and set an “overweight” rating on the stock in a research report on Thursday, August 11th. Jefferies Financial Group cut their price objective on STAG Industrial from $47.00 to $43.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $45.25.

STAG Industrial Company Profile

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STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

Further Reading

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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