STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Van ECK Associates Corp

Van ECK Associates Corp reduced its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.5% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 81,729 shares of the real estate investment trust’s stock after selling 370 shares during the quarter. Van ECK Associates Corp’s holdings in STAG Industrial were worth $2,764,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Sugar Maple Asset Management LLC acquired a new stake in shares of STAG Industrial in the 4th quarter valued at about $43,000. Coastline Trust Co acquired a new stake in shares of STAG Industrial in the 3rd quarter valued at about $55,000. Hilltop National Bank boosted its position in shares of STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares during the period. Blue Trust Inc. boosted its position in shares of STAG Industrial by 133.5% in the 3rd quarter. Blue Trust Inc. now owns 3,159 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,806 shares during the period. Finally, Signaturefd LLC lifted its position in STAG Industrial by 27.0% during the 3rd quarter. Signaturefd LLC now owns 2,995 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 636 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

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 value of $1,755,000.00. Following the transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. Royal Bank of Canada decreased their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Wells Fargo & Company decreased their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Barclays decreased their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Finally, Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four research 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, the stock has a consensus rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Price Performance

STAG stock opened at $35.14 on Friday. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The stock’s fifty day simple moving average is $34.24 and its 200-day simple moving average is $36.84. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6.56 billion, a price-to-earnings ratio of 33.78 and a beta of 1.09.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Equities research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be issued a dividend of $0.1242 per share. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 4.25%. STAG Industrial’s dividend payout ratio (DPR) is 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.