Stag Industrial, Inc. (NYSE:STAG) is expected to pay $0.12 on Dec 15, 2016. The indicated annual dividend is $1.39. Shareholders owning the stock before Nov 28, 2016 will be eligible to receive the payout. Based on Stag Industrial, Inc.’s current price of $23.57, the dividend is 0.49%. This dividend’s record date is Nov 30, 2016 and the announcement date is Aug 2, 2016. The stock increased 1.16% or $0.27 on November 25, hitting $23.57. About 178,077 shares traded hands. Stag Industrial Inc (NYSE:STAG) has risen 16.34% since April 25, 2016 and is uptrending. It has outperformed by 10.32% the S&P500.
STAG Industrial, Inc. is a real estate investment trust. The company has a market cap of $1.80 billion. The Firm focuses on the acquisition and operation of single-tenant industrial properties across the United States. It currently has negative earnings. The Firm owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings.
Insitutional Activity: The institutional sentiment increased to 1.52 in Q2 2016. Its up 0.05, from 1.47 in 2016Q1. The ratio increased, as 14 funds sold all Stag Industrial Inc shares owned while 52 reduced positions. 28 funds bought stakes while 69 increased positions. They now own 51.95 million shares or 1.43% less from 52.70 million shares in 2016Q1.
Massachusetts Financial Ser Ma accumulated 0.01% or 1.04 million shares. Moreover, State Board Of Administration Of Florida Retirement Systems has 0% invested in Stag Industrial Inc (NYSE:STAG) for 39,504 shares. Commonwealth Equity Services accumulated 38,319 shares or 0.01% of the stock. Great West Life Assurance Company Can has 0% invested in the company for 5,412 shares. Royal Bank & Trust Of Canada last reported 0% of its portfolio in the stock. Ubs Asset Mngmt Americas last reported 0% of its portfolio in the stock. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest holds 57,860 shares or 0.02% of its portfolio. Nbw Cap Limited Liability Company owns 94,064 shares or 0.69% of their US portfolio. Federated Inc Pa holds 262 shares or 0% of its portfolio. Tiaa Cref Mgmt Limited Liability Company, a New York-based fund reported 277,023 shares. Fort Washington Investment Advsr Inc Oh reported 33,400 shares or 0.01% of all its holdings. Pnc Serv Group Incorporated accumulated 0% or 528 shares. Credit Agricole S A has 0% invested in the company for 24,246 shares. Assetmark holds 1,455 shares or 0% of its portfolio. State Street holds 0% or 1.18M shares in its portfolio.
Insider Transactions: Since June 2, 2016, the stock had 1 insider buy, and 1 insider sale for $169,181 net activity. Butcher Benjamin S also bought $47,626 worth of Stag Industrial Inc (NYSE:STAG) on Friday, September 9. Shares for $216,807 were sold by King David G on Thursday, June 2.
Stag Industrial Inc (NYSE:STAG) Ratings Coverage
Out of 8 analysts covering Stag Industrial (NYSE:STAG), 5 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 63% are positive. Stag Industrial has been the topic of 13 analyst reports since September 8, 2015 according to StockzIntelligence Inc. On Friday, February 26 the stock rating was upgraded by BB&T Capital to “Hold”. The rating was initiated by Jefferies on Friday, January 22 with “Hold”. As per Monday, June 13, the company rating was downgraded by Evercore. The firm has “Underperform” rating by Bank of America given on Friday, March 11. The stock has “Buy” rating given by Jefferies on Tuesday, November 15. As per Friday, August 5, the company rating was maintained by DA Davidson. Evercore maintained Stag Industrial Inc (NYSE:STAG) rating on Tuesday, September 8. Evercore has “Buy” rating and $19.50 price target. The firm has “Overweight” rating given on Friday, October 14 by CapitalOne. RBC Capital Markets maintained Stag Industrial Inc (NYSE:STAG) rating on Friday, August 5. RBC Capital Markets has “Outperform” rating and $26 price target. The stock of Stag Industrial Inc (NYSE:STAG) earned “Underweight” rating by BB&T Capital on Thursday, November 12.
More recent Stag Industrial Inc (NYSE:STAG) news were published by: Prnewswire.com which released: “Stag Industrial Announces Third Quarter 2016 Results” on November 03, 2016. Also Prnewswire.com published the news titled: “STAG Industrial Announces Departure Of Chief Financial Officer And Appointment …” on January 26, 2016. Prnewswire.com‘s news article titled: “STAG Industrial Signs 105000 Square Foot Lease” with publication date: January 27, 2016 was also an interesting one.
STAG Company Profile
STAG Industrial, Inc., incorporated on July 21, 2010, is a real estate investment trust. The Firm focuses on the acquisition and operation of single-tenant industrial properties across the United States. The Firm owns approximately 290 buildings in over 40 states with approximately 54.7 million rentable square feet, consisting of over 220 warehouse/distribution buildings, approximately 50 light manufacturing buildings and over 20 flex/office buildings. The Company’s operating partnership is STAG Industrial Operating Partnership, L.P. (Operating Partnership).
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