STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 31.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,722 shares of the real estate investment trust's stock after selling 13,620 shares during the period. Convergence Investment Partners LLC's holdings in STAG Industrial were worth $1,005,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the stock. Values First Advisors Inc. boosted its stake in shares of STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust's stock valued at $492,000 after acquiring an additional 307 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in STAG Industrial by 3.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust's stock worth $407,000 after buying an additional 347 shares during the period. Peak Financial Advisors LLC lifted its position in 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 worth $420,000 after buying an additional 356 shares during the period. Hilltop National Bank lifted its position 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 buying an additional 362 shares during the period. Finally, State of Alaska Department of Revenue lifted its position in STAG Industrial by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust's stock worth $4,204,000 after buying an additional 390 shares during the period. Institutional investors and hedge funds own 88.67% of the company's stock.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm'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 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 Securities & Exchange Commission, which is available through the SEC website. 1.10% of the stock is owned by insiders.

STAG Industrial Stock Up 0.3 %

Shares of STAG stock traded up $0.10 during trading hours on Friday, reaching $35.23. The company had a trading volume of 419,551 shares, compared to its average volume of 1,238,158. 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, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a market capitalization of $6.57 billion, a P/E ratio of 33.84 and a beta of 1.09. The stock's fifty day simple moving average is $34.24 and its 200 day simple moving average is $36.84.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (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%. As a group, sell-side analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be paid a $0.1242 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 4.25%. This is a positive change from STAG Industrial's previous dividend of $0.12. STAG Industrial's dividend payout ratio (DPR) is 143.27%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on STAG shares. Royal Bank of Canada reduced their target price on 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. Barclays reduced their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company reduced their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average 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.