Corient Private Wealth LLC cut its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 16.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 51,482 shares of the real estate investment trust's stock after selling 10,431 shares during the quarter. Corient Private Wealth LLC's holdings in STAG Industrial were worth $1,741,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in STAG. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial during the 4th quarter valued at about $43,000. Hilltop National Bank lifted 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 valued at $76,000 after purchasing an additional 362 shares during the last quarter. Principal Securities Inc. boosted its stake in STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock worth $101,000 after buying an additional 510 shares during the period. Aew Capital Management L P grew its holdings in STAG Industrial by 52.4% during 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 purchasing an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new stake in shares of STAG Industrial in the fourth quarter worth approximately $109,000. Institutional investors own 88.67% of the company's stock.
Insider Buying and Selling at STAG Industrial
In related news, Director Benjamin S. Butcher sold 50,000 shares of the 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 transaction, the director now owns 9,632 shares of the company's stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
STAG has been the topic of a number of research reports. Raymond James raised their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Barclays lowered 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. Finally, Royal Bank of Canada dropped 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. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, STAG Industrial has an average rating of "Moderate Buy" and a consensus price target of $40.38.
Check Out Our Latest Research Report on STAG Industrial
STAG Industrial Price Performance
STAG traded up $0.25 during midday trading on Tuesday, hitting $34.72. 1,912,934 shares of the company traded hands, compared to its average volume of 1,078,626. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 33.38 and a beta of 1.05. The business has a 50 day simple moving average of $35.07 and a two-hundred day simple moving average of $36.17. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63.
STAG Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping 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%. On average, equities analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.
STAG Industrial Increases Dividend
The company also recently disclosed a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a dividend of $0.1242 per share. This is a boost from STAG Industrial's previous dividend of $0.12. This represents a yield of 4.25%. The ex-dividend date was Friday, February 28th. STAG Industrial's dividend payout ratio (DPR) is presently 143.27%.
STAG Industrial Company Profile
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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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