STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Allspring Global Investments Holdings LLC

Allspring Global Investments Holdings LLC trimmed its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 24.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 167,566 shares of the real estate investment trust’s stock after selling 53,880 shares during the quarter. Allspring Global Investments Holdings LLC owned about 0.09% of STAG Industrial worth $5,530,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in STAG. FMR LLC grew its holdings in STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after buying an additional 4,111,268 shares in the last quarter. Geode Capital Management LLC boosted its position in STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after acquiring an additional 21,925 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after purchasing an additional 227,629 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of STAG Industrial by 4.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust’s stock valued at $61,905,000 after purchasing an additional 79,762 shares during the period. Finally, Westfield Capital Management Co. LP raised its stake in shares of STAG Industrial by 36.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock valued at $65,303,000 after purchasing an additional 442,618 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

STAG has been the topic of a number of recent analyst reports. Royal Bank of Canada dropped their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. 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. Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Finally, Raymond James boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is owned by company insiders.

STAG Industrial Stock Performance

STAG opened at $35.20 on Thursday. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a market cap of $6.57 billion, a PE ratio of 33.84 and a beta of 1.09. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a 50-day moving average of $34.25 and a 200-day moving average of $36.85.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. As a group, equities research analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.23%. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

About STAG Industrial

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.