STAG Industrial, Inc. (NYSE:STAG) Stock Holdings Trimmed by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC decreased its holdings in STAG Industrial, Inc. (NYSE:STAG) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 92,439 shares of the real estate investment trust’s stock after selling 2,784 shares during the quarter. Commonwealth Equity Services LLC owned 0.05% of STAG Industrial worth $3,126,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of STAG. Sugar Maple Asset Management LLC bought a new position in STAG Industrial in the 4th quarter valued at about $43,000. Hilltop National Bank boosted its holdings in shares of STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 362 shares in the last quarter. Principal Securities Inc. boosted its holdings in shares of STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 510 shares in the last quarter. Aew Capital Management L P increased its stake in shares of STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in STAG Industrial during the fourth quarter worth approximately $109,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently issued reports on STAG. Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Raymond James lifted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Finally, Royal Bank of Canada cut their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, STAG Industrial has a consensus rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Trading Up 0.7 %

NYSE:STAG opened at $34.72 on Wednesday. The stock has a fifty day simple moving average of $35.09 and a 200 day simple moving average of $36.14. 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 firm has a market capitalization of $6.48 billion, a price-to-earnings ratio of 33.38 and a beta of 1.05. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63.

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, topping 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%. Sell-side analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a $0.1242 dividend. This represents a dividend yield of 4.25%. The ex-dividend date was Friday, February 28th. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is 143.27%.

Insider Activity

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

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.