Crestwood Advisors Group LLC decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 4.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 278,877 shares of the real estate investment trust's stock after selling 12,522 shares during the period. Crestwood Advisors Group LLC owned approximately 0.15% of STAG Industrial worth $9,432,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in STAG. Sugar Maple Asset Management LLC bought a new stake in STAG Industrial during the fourth quarter valued at $43,000. Coastline Trust Co bought a new stake in STAG Industrial during the third quarter valued at $55,000. Hilltop National Bank boosted its stake 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 valued at $76,000 after buying an additional 362 shares during the period. 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 valued at $101,000 after buying an additional 510 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in STAG Industrial during the fourth quarter valued at about $109,000. Institutional investors own 88.67% of the company's stock.
STAG Industrial Trading Up 0.1 %
Shares of NYSE STAG traded up $0.04 during trading hours on Thursday, hitting $35.61. The company's stock had a trading volume of 1,515,088 shares, compared to its average volume of 1,266,613. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $6.64 billion, a price-to-earnings ratio of 34.24 and a beta of 1.09. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The business has a 50-day simple moving average of $34.30 and a 200-day simple moving average of $36.71.
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, 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%. On average, analysts anticipate 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 will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a dividend of $0.1242 per share. This represents a yield of 4.25%. This is a boost from STAG Industrial's previous dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. STAG Industrial's payout ratio is presently 143.27%.
Insider Buying and Selling at STAG Industrial
In other news, Director Benjamin S. Butcher sold 50,000 shares of the business'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 value of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares of the company's stock, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.10% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on STAG shares. Wells Fargo & Company lowered their price target 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. Barclays lowered their price target 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. Royal Bank of Canada lowered their price target 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. Finally, Raymond James lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $40.38.
Read Our Latest Analysis on STAG
STAG Industrial Company Profile
(
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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