STAG Industrial, Inc. (NYSE:STAG) Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.1% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 892,812 shares of the real estate investment trust’s stock after selling 1,291 shares during the period. William Blair Investment Management LLC owned about 0.49% of STAG Industrial worth $32,195,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. J.Safra Asset Management Corp increased its holdings in STAG Industrial by 708.5% in the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 581 shares in the last quarter. Centerpoint Advisors LLC purchased a new position in shares of STAG Industrial in the 2nd quarter valued at about $25,000. Fidelis Capital Partners LLC acquired a new stake in STAG Industrial in the first quarter valued at approximately $29,000. GAMMA Investing LLC raised its stake in shares of STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 326 shares during the period. Finally, ICA Group Wealth Management LLC acquired a new position in shares of STAG Industrial during the 4th quarter worth approximately $38,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Stock Up 1.9 %

Shares of NYSE:STAG opened at $40.04 on Friday. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $41.63. The stock has a market cap of $7.29 billion, a P/E ratio of 40.04, a PEG ratio of 4.06 and a beta of 1.09. The business has a fifty day moving average of $39.42 and a two-hundred day moving average of $37.27. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a $0.1233 dividend. The ex-dividend date was Wednesday, July 31st. This represents a yield of 3.63%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is currently 148.00%.

Insider Activity

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the company’s stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the subject of several recent analyst reports. Wedbush boosted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Evercore ISI raised their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Barclays boosted their price objective on STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Wells Fargo & Company raised their target price on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, BNP Paribas assumed coverage on STAG Industrial in a research report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target for the company. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.22.

About STAG Industrial

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.