Corient Private Wealth LLC Has $1.74 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Corient Private Wealth LLC reduced its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 16.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 51,482 shares of the real estate investment trust's stock after selling 10,431 shares during the period. Corient Private Wealth LLC's holdings in STAG Industrial were worth $1,741,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of STAG. FMR LLC lifted its holdings in shares of STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after buying an additional 4,111,268 shares during the last quarter. Raymond James Financial Inc. bought a new stake in STAG Industrial in the 4th quarter valued at $57,561,000. Bank of Montreal Can grew its position in STAG Industrial by 330.5% in the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust's stock worth $52,823,000 after purchasing an additional 1,033,485 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of STAG Industrial by 36.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust's stock worth $65,303,000 after purchasing an additional 442,618 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust's stock valued at $123,883,000 after buying an additional 227,629 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm'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 completion of the sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.10% of the stock is currently owned by company insiders.

STAG Industrial Price Performance

NYSE:STAG traded up $0.14 during trading hours on Friday, reaching $35.58. The company had a trading volume of 1,649,468 shares, compared to its average volume of 1,130,722. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. 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 50-day moving average of $35.14 and a two-hundred day moving average of $36.13. The firm has a market capitalization of $6.64 billion, a PE ratio of 34.21 and a beta of 1.05.

STAG Industrial (NYSE:STAG - Get Free Report) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS 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 year.

STAG Industrial Increases Dividend

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

Analyst Ratings Changes

Several equities analysts recently issued reports on STAG shares. Raymond James boosted their price target on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research note on Wednesday, December 11th. Royal Bank of Canada cut their target price on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research note on Monday, January 27th. Finally, Barclays lowered their price target on shares of 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 analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target 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.