Keeley Teton Advisors LLC lessened its holdings in Stag Industrial Inc (NYSE:STAG) by 7.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 48,375 shares of the real estate investment trust’s stock after selling 4,100 shares during the period. Keeley Teton Advisors LLC’s holdings in Stag Industrial were worth $1,322,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. Teacher Retirement System of Texas acquired a new stake in shares of Stag Industrial during the 3rd quarter worth approximately $200,000. Aperio Group LLC acquired a new stake in shares of Stag Industrial during the 4th quarter worth approximately $216,000. Envestnet Asset Management Inc. grew its stake in shares of Stag Industrial by 76.5% during the 3rd quarter. Envestnet Asset Management Inc. now owns 7,963 shares of the real estate investment trust’s stock worth $219,000 after purchasing an additional 3,451 shares during the period. Signition LP acquired a new stake in shares of Stag Industrial during the 4th quarter worth approximately $222,000. Finally, Kovack Advisors Inc. acquired a new stake in shares of Stag Industrial during the 4th quarter worth approximately $239,000. Institutional investors own 83.43% of the company’s stock.
Stag Industrial Inc (STAG) opened at $24.01 on Friday. Stag Industrial Inc has a 52-week low of $22.42 and a 52-week high of $28.95. The stock has a market capitalization of $2,334.61, a P/E ratio of 14.21, a PEG ratio of 2.84 and a beta of 1.14. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.13 and a current ratio of 0.13.
A number of equities research analysts have recently commented on the stock. ValuEngine raised shares of Stag Industrial from a “hold” rating to a “buy” rating in a research note on Wednesday. Royal Bank of Canada set a $28.00 price objective on shares of Stag Industrial and gave the stock a “buy” rating in a research note on Monday, February 26th. Zacks Investment Research raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. DA Davidson reaffirmed a “neutral” rating on shares of Stag Industrial in a research note on Friday, February 16th. Finally, Cantor Fitzgerald set a $29.00 price objective on shares of Stag Industrial and gave the stock a “hold” rating in a research note on Thursday, February 15th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $29.69.
In other Stag Industrial news, COO Stephen C. Mecke sold 30,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $26.41, for a total value of $792,300.00. Following the transaction, the chief operating officer now owns 32,000 shares in the company, valued at approximately $845,120. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO William R. Crooker sold 31,889 shares of the firm’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $26.41, for a total value of $842,188.49. Following the completion of the transaction, the chief financial officer now owns 46,493 shares in the company, valued at approximately $1,227,880.13. The disclosure for this sale can be found here. Insiders have sold a total of 165,069 shares of company stock worth $4,359,472 in the last quarter. Insiders own 2.00% of the company’s stock.
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Stag Industrial Company Profile
STAG Industrial, Inc is a real estate investment trust. The Company is focused on the acquisition, ownership, and operation of single-tenant, industrial properties across the United States. As of December 31, 2016, the Company owned 314 buildings in 37 states with approximately 60.9 million rentable square feet, consisting of 243 warehouse/distribution buildings, 54 light manufacturing buildings, 16 flex/office buildings, and one building in redevelopment.
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