STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Congress Wealth Management LLC DE

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

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund increased its position in STAG Industrial by 0.8% during the fourth 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 last quarter. Values First Advisors Inc. increased its stake in STAG Industrial by 2.2% during the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock worth $492,000 after buying an additional 307 shares during the period. Hennion & Walsh Asset Management Inc. increased its holdings in STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust's stock worth $407,000 after purchasing an additional 347 shares during the period. Peak Financial Advisors LLC lifted its stake in STAG Industrial by 3.0% in the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust's stock worth $420,000 after acquiring an additional 356 shares during the last quarter. Finally, Hilltop National Bank lifted its position in shares of STAG Industrial by 19.2% during the 4th 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 last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Insider Transactions at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company's stock in a transaction dated 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 sale, the director now 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.10% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently commented on STAG. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. 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 research report on Monday, January 27th. Finally, Barclays dropped their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $40.38.

STAG Industrial Price Performance

NYSE:STAG traded down $2.02 during trading hours on Thursday, hitting $34.16. The company's stock had a trading volume of 2,761,108 shares, compared to its average volume of 1,154,998. The company has a market capitalization of $6.37 billion, a PE ratio of 32.84 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 is $35.28 and its two-hundred day moving average is $35.99. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, beating 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%. As a group, research analysts anticipate 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. Stockholders of record on Monday, March 3rd were given a dividend of $0.1242 per share. This represents a dividend 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 dividend payout ratio (DPR) is presently 143.27%.

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.