Bank of Montreal Can Lowers Position in STAG Industrial, Inc. (NYSE:STAG)

Bank of Montreal Can lowered its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 79.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 271,940 shares of the real estate investment trust's stock after selling 1,074,209 shares during the period. Bank of Montreal Can owned approximately 0.15% of STAG Industrial worth $9,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. Oregon Public Employees Retirement Fund lifted its position in shares of STAG Industrial by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock worth $1,256,000 after purchasing an additional 300 shares during the period. Values First Advisors Inc. raised its position in shares of STAG Industrial by 2.2% in the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock worth $492,000 after acquiring an additional 307 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of STAG Industrial by 3.0% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust's stock valued at $407,000 after purchasing an additional 347 shares during the period. Peak Financial Advisors LLC boosted its position in shares of STAG Industrial by 3.0% during the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock valued at $420,000 after purchasing an additional 356 shares in the last quarter. Finally, Hilltop National Bank increased its stake 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 worth $76,000 after acquiring an additional 362 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Up 2.0 %

STAG stock traded up $0.64 during trading on Thursday, reaching $33.15. 796,614 shares of the company traded hands, compared to its average volume of 1,527,937. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The business has a 50 day simple moving average of $34.68 and a 200 day simple moving average of $35.42. 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 company has a market capitalization of $6.19 billion, a price-to-earnings ratio of 31.88 and a beta of 0.96.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. On average, equities research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.49%. The ex-dividend date is Monday, June 30th. STAG Industrial's payout ratio is 143.27%.

Insider Activity

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business's 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 sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.10% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on STAG. Royal Bank of Canada reduced their price target on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Raymond James decreased their target price on shares of STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a research note on Monday. Finally, Barclays lowered their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $39.57.

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.