Alliancebernstein L.P. Decreases Holdings in STAG Industrial, Inc. (NYSE:STAG)

Alliancebernstein L.P. cut its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 0.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,667,594 shares of the real estate investment trust's stock after selling 10,021 shares during the quarter. Alliancebernstein L.P. owned about 2.01% of STAG Industrial worth $124,038,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Sugar Maple Asset Management LLC acquired a new stake in STAG Industrial during the 4th quarter worth about $43,000. Hilltop National Bank grew its stake in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 362 shares during the period. Principal Securities Inc. increased its holdings in 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 worth $101,000 after purchasing an additional 510 shares in the last quarter. Aew Capital Management L P lifted its stake in STAG Industrial by 52.4% in 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 buying an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC bought a new position in shares of STAG Industrial during the 4th quarter worth approximately $109,000. Institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Down 3.7 %

Shares of STAG traded down $1.28 on Friday, reaching $32.88. The company's stock had a trading volume of 1,884,518 shares, compared to its average volume of 1,160,223. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The stock has a market capitalization of $6.14 billion, a PE ratio of 31.62 and a beta of 1.05. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average of $35.25 and a 200-day moving average of $35.94.

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STAG Industrial (NYSE:STAG - Get Free Report) last issued its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 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 analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1242 per share. This represents a yield of 4.25%. This is an increase from STAG Industrial's previous dividend of $0.12. The ex-dividend date was Friday, February 28th. STAG Industrial's payout ratio is currently 143.27%.

Insider Activity

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. Royal Bank of Canada dropped their target price 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. Raymond James upped their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Finally, Barclays reduced their target price 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $40.38.

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.