GAMMA Investing LLC Sells 574 Shares of STAG Industrial, Inc. (NYSE:STAG)

GAMMA Investing LLC reduced its holdings in STAG Industrial, Inc. (NYSE:STAG) by 36.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 992 shares of the real estate investment trust’s stock after selling 574 shares during the quarter. GAMMA Investing LLC’s holdings in STAG Industrial were worth $34,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Choreo LLC bought a new stake in shares of STAG Industrial during the 2nd quarter valued at $406,000. American Century Companies Inc. lifted its position in STAG Industrial by 9.0% during the 2nd quarter. American Century Companies Inc. now owns 65,587 shares of the real estate investment trust’s stock valued at $2,365,000 after acquiring an additional 5,402 shares during the period. DekaBank Deutsche Girozentrale boosted its stake in STAG Industrial by 2.3% during the second quarter. DekaBank Deutsche Girozentrale now owns 137,095 shares of the real estate investment trust’s stock worth $4,884,000 after acquiring an additional 3,143 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in STAG Industrial by 20.6% in the second quarter. Oppenheimer Asset Management Inc. now owns 87,862 shares of the real estate investment trust’s stock worth $3,168,000 after purchasing an additional 15,028 shares during the period. Finally, Dimensional Fund Advisors LP increased its stake in shares of STAG Industrial by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after purchasing an additional 167,532 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 1.9 %

Shares of NYSE STAG opened at $33.59 on Wednesday. The business has a fifty day moving average price of $35.40 and a 200 day moving average price of $37.56. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $6.12 billion, a P/E ratio of 33.93 and a beta of 1.09.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a yield of 4.44%. STAG Industrial’s dividend payout ratio is currently 149.49%.

Wall Street Analyst Weigh In

STAG has been the topic of several analyst reports. Wells Fargo & Company dropped their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Raymond James upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Barclays reduced their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $41.00.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.