Cbre Investment Management Listed Real Assets LLC lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 11.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 768,817 shares of the real estate investment trust's stock after selling 98,108 shares during the period. Cbre Investment Management Listed Real Assets LLC owned 0.42% of STAG Industrial worth $26,001,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of STAG. Sugar Maple Asset Management LLC purchased a new position in shares of STAG Industrial in the 4th quarter valued at about $43,000. Coastline Trust Co acquired a new stake in STAG Industrial during the 3rd quarter worth approximately $55,000. Hilltop National Bank lifted its holdings 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 buying an additional 362 shares during the period. Principal Securities Inc. lifted its holdings in shares of STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after buying an additional 510 shares during the period. Finally, Aew Capital Management L P lifted its holdings in shares of STAG Industrial by 52.4% in the 4th 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. Institutional investors and hedge funds own 88.67% of the company's stock.
Insiders Place Their Bets
In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm's 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 sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.
STAG Industrial Price Performance
STAG Industrial stock traded up $0.25 during mid-day trading on Friday, hitting $36.81. 1,503,484 shares of the company were exchanged, compared to its average volume of 1,307,370. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The business's 50 day simple moving average is $34.53 and its two-hundred day simple moving average is $36.60. The company has a market capitalization of $6.87 billion, a P/E ratio of 35.39 and a beta of 1.05. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63.
STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly 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 return on equity of 5.51% and a net margin of 24.64%. Analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.
STAG Industrial Increases Dividend
The business also recently declared a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.1242 per share. This is an increase from STAG Industrial's previous dividend of $0.12. The ex-dividend date is Friday, February 28th. This represents a yield of 4.25%. STAG Industrial's dividend payout ratio (DPR) is presently 143.27%.
Analysts Set New Price Targets
Several research firms have recently commented on STAG. Barclays reduced their price target on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a report on Tuesday, January 28th. Raymond James raised their price target on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Finally, 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $40.38.
Check Out Our Latest Stock Analysis on STAG Industrial
STAG Industrial Profile
(
Free Report)
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.
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