First Hawaiian Bank Sells 848 Shares of STAG Industrial, Inc. (NYSE:STAG)

First Hawaiian Bank lessened its holdings in STAG Industrial, Inc. (NYSE:STAG) by 4.2% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,184 shares of the real estate investment trust’s stock after selling 848 shares during the period. First Hawaiian Bank’s holdings in STAG Industrial were worth $737,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its position in STAG Industrial by 3.7% in the fourth quarter. Principal Financial Group Inc. now owns 748,765 shares of the real estate investment trust’s stock worth $29,397,000 after purchasing an additional 26,700 shares during the last quarter. Louisiana State Employees Retirement System bought a new stake in STAG Industrial in the fourth quarter worth $2,002,000. International Assets Investment Management LLC increased its position in STAG Industrial by 3,860.5% in the fourth quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock worth $4,508,000 after purchasing an additional 111,917 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in 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 worth $206,051,000 after purchasing an additional 961,420 shares during the last quarter. Finally, Sei Investments Co. increased its position in STAG Industrial by 11.8% in the third quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust’s stock worth $17,310,000 after purchasing an additional 53,109 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Down 0.8 %

STAG stock opened at $35.36 on Friday. The company has a market capitalization of $6.44 billion, a PE ratio of 35.36, a P/E/G ratio of 5.04 and a beta of 1.08. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The firm’s 50-day moving average is $35.24 and its 200 day moving average is $37.00. 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 Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.19%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s dividend payout ratio is presently 148.00%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 30,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $289,062.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on STAG. BNP Paribas started coverage on shares of STAG Industrial in a research report on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target on the stock. Barclays reduced their target price 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. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.00.

STAG Industrial Company Profile

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.