Amalgamated Bank Decreases Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Amalgamated Bank lessened its position in STAG Industrial, Inc. (NYSE:STAG) by 7.3% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 91,974 shares of the real estate investment trust’s stock after selling 7,210 shares during the period. Amalgamated Bank owned 0.05% of STAG Industrial worth $3,317,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of STAG. J.Safra Asset Management Corp increased its position in STAG Industrial by 708.5% during the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 581 shares during the period. Centerpoint Advisors LLC purchased a new stake in STAG Industrial in the second quarter worth about $25,000. Fidelis Capital Partners LLC bought a new position in shares of STAG Industrial in the 1st quarter worth approximately $29,000. GAMMA Investing LLC lifted its stake in shares of STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 326 shares during the period. Finally, ICA Group Wealth Management LLC bought a new stake in shares of STAG Industrial during the fourth quarter valued at approximately $38,000. 88.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

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

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the sale, the director now owns 8,758 shares in the company, valued at $357,151.24. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 1.10% of the company’s stock.

STAG Industrial Stock Up 0.9 %

STAG opened at $39.44 on Tuesday. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $41.63. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82. The firm has a 50 day moving average price of $39.77 and a 200-day moving average price of $37.37. The stock has a market capitalization of $7.18 billion, a price-to-earnings ratio of 39.44, a PEG ratio of 4.15 and a beta of 1.09.

STAG Industrial Increases Dividend

The company also recently declared a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were issued a dividend of $0.1233 per share. This represents a dividend yield of 3.63%. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Wednesday, July 31st. STAG Industrial’s dividend payout ratio is presently 148.00%.

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.