Congress Wealth Management LLC DE Trims Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Congress Wealth Management LLC DE trimmed its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 63.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 9,240 shares of the real estate investment trust's stock after selling 16,050 shares during the period. Congress Wealth Management LLC DE's holdings in STAG Industrial were worth $312,000 as of its most recent filing with the SEC.

Several other large investors also recently modified their holdings of STAG. FMR LLC increased its position in STAG Industrial by 145.5% in the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock valued at $271,132,000 after buying an additional 4,111,268 shares in the last quarter. Geode Capital Management LLC grew its stake in STAG Industrial by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust's stock valued at $133,077,000 after acquiring an additional 21,925 shares during the period. Channing Capital Management LLC increased its holdings in shares of STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock valued at $76,421,000 after acquiring an additional 164,284 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in shares of STAG Industrial by 4.6% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust's stock worth $61,905,000 after purchasing an additional 79,762 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of STAG Industrial in the 4th quarter worth $57,561,000. Institutional investors and hedge funds own 88.67% of the company's stock.

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Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 50,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction 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 trade represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is owned by insiders.

STAG Industrial Stock Down 0.8 %

STAG Industrial stock traded down $0.29 during midday trading on Wednesday, hitting $35.94. 1,092,936 shares of the stock were exchanged, compared to its average volume of 1,143,605. 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 $6.71 billion, a price-to-earnings ratio of 34.56 and a beta of 1.05. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The business's 50-day moving average price is $35.24 and its 200-day moving average price is $36.01.

STAG Industrial (NYSE:STAG - Get Free Report) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, beating 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%. On average, research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

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

Wall Street Analysts Forecast Growth

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

STAG Industrial 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.