CANADA LIFE ASSURANCE Co Has $14.61 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

CANADA LIFE ASSURANCE Co boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 380,086 shares of the real estate investment trust’s stock after buying an additional 13,290 shares during the quarter. CANADA LIFE ASSURANCE Co owned approximately 0.21% of STAG Industrial worth $14,606,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in STAG Industrial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock valued at $1,008,560,000 after purchasing an additional 176,332 shares during the period. Massachusetts Financial Services Co. MA grew its stake in shares of STAG Industrial by 22.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock valued at $206,051,000 after acquiring an additional 961,420 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in STAG Industrial by 3.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,832,545 shares of the real estate investment trust’s stock worth $111,206,000 after acquiring an additional 104,190 shares during the period. Dimensional Fund Advisors LP raised its stake in STAG Industrial by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock worth $104,456,000 after purchasing an additional 39,739 shares in the last quarter. Finally, Boston Trust Walden Corp raised its stake in STAG Industrial by 1.1% in the 4th quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock worth $99,686,000 after purchasing an additional 28,304 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 30,000 shares of the stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the transaction, the director now directly owns 8,304 shares of the company’s stock, valued at $289,062.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

STAG Industrial Trading Down 1.0 %

Shares of STAG Industrial stock traded down $0.38 during midday trading on Thursday, reaching $39.26. The company had a trading volume of 647,391 shares, compared to its average volume of 1,132,019. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.75. STAG Industrial, Inc. has a fifty-two week low of $31.69 and a fifty-two week high of $40.68. The stock has a fifty day moving average price of $36.10 and a 200 day moving average price of $36.79. The firm has a market cap of $7.15 billion, a PE ratio of 39.63, a P/E/G ratio of 5.69 and a beta of 1.09.

STAG Industrial Cuts Dividend

The firm also recently declared a monthly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.77%. The ex-dividend date of this dividend is Monday, September 30th. STAG Industrial’s payout ratio is 148.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. BNP Paribas started coverage on STAG Industrial in a research report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target on the stock. BMO Capital Markets restated an “outperform” rating and issued a $42.00 target price (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Wedbush upgraded shares of STAG Industrial from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $38.00 to $44.00 in a research report on Monday. Finally, Barclays decreased their price objective on shares of STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research note on Friday, May 24th. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $39.50.

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.