UBS Group AG Purchases 3,999 Shares of STAG Industrial, Inc. (NYSE:STAG)

UBS Group AG grew its stake in shares of STAG Industrial, Inc. (NYSE:STAG – Get Rating) by 1.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 323,187 shares of the real estate investment trust’s stock after purchasing an additional 3,999 shares during the period. UBS Group AG owned approximately 0.18% of STAG Industrial worth $10,442,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Eagle Bay Advisors LLC purchased a new position in STAG Industrial in the second quarter worth about $27,000. FourThought Financial LLC raised its holdings in STAG Industrial by 199.8% in the third quarter. FourThought Financial LLC now owns 1,331 shares of the real estate investment trust’s stock worth $38,000 after buying an additional 887 shares during the last quarter. Ellevest Inc. raised its holdings in STAG Industrial by 742.3% in the third quarter. Ellevest Inc. now owns 1,373 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 1,210 shares during the last quarter. Allworth Financial LP raised its holdings in STAG Industrial by 70.6% in the fourth quarter. Allworth Financial LP now owns 1,365 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 565 shares during the last quarter. Finally, Assetmark Inc. raised its holdings in shares of STAG Industrial by 32.0% during the third quarter. Assetmark Inc. now owns 1,815 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 440 shares during the last quarter. Institutional investors own 85.21% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on STAG shares. JPMorgan Chase & Co. boosted their target price on shares of STAG Industrial from $34.00 to $36.00 and gave the company a “neutral” rating in a research report on Thursday, February 23rd. StockNews.com started coverage on shares of STAG Industrial in a research report on Thursday, May 18th. They set a “hold” rating for the company. Finally, BMO Capital Markets started coverage on shares of STAG Industrial in a research report on Monday, February 6th. They set an “outperform” rating and a $41.00 target price for the company. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $37.83.

Insider Activity at STAG Industrial

In other news, Director Virgis Colbert sold 23,911 shares of the stock in a transaction on Friday, March 10th. The shares were sold at an average price of $31.82, for a total value of $760,848.02. Following the sale, the director now owns 17,017 shares of the company’s stock, valued at $541,480.94. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Benjamin S. Butcher sold 3,220 shares of the firm’s stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $35.02, for a total value of $112,764.40. Following the transaction, the insider now owns 3,868 shares of the company’s stock, valued at approximately $135,457.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Virgis Colbert sold 23,911 shares of the firm’s stock in a transaction dated Friday, March 10th. The stock was sold at an average price of $31.82, for a total transaction of $760,848.02. Following the completion of the transaction, the director now directly owns 17,017 shares in the company, valued at approximately $541,480.94. The disclosure for this sale can be found here. Insiders have sold a total of 47,054 shares of company stock valued at $1,564,741 over the last 90 days. 1.10% of the stock is owned by corporate insiders.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $34.58 on Tuesday. The firm has a market cap of $6.20 billion, a price-to-earnings ratio of 35.29, a P/E/G ratio of 7.34 and a beta of 1.02. The firm has a fifty day moving average price of $33.55 and a 200 day moving average price of $33.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a fifty-two week low of $26.56 and a fifty-two week high of $37.15.

STAG Industrial Increases Dividend

The firm also recently declared a monthly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were paid a dividend of $0.123 per share. This is an increase from STAG Industrial’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Thursday, April 27th. This represents a $1.48 dividend on an annualized basis and a yield of 4.27%. STAG Industrial’s dividend payout ratio is presently 150.00%.

STAG Industrial Company Profile

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STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.