Miller Howard Investments Inc. NY Sells 28,252 Shares of STAG Industrial, Inc. (NYSE:STAG)

Miller Howard Investments Inc. NY reduced its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 4.5% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 599,441 shares of the real estate investment trust's stock after selling 28,252 shares during the period. Miller Howard Investments Inc. NY owned about 0.33% of STAG Industrial worth $20,273,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. UMB Bank n.a. boosted its stake in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after acquiring an additional 306 shares during the period. Sugar Maple Asset Management LLC acquired a new stake in STAG Industrial during the 4th quarter valued at $43,000. Coastline Trust Co bought a new position in STAG Industrial during the third quarter worth $55,000. GAMMA Investing LLC increased its holdings in shares of STAG Industrial by 72.7% in the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust's stock valued at $61,000 after purchasing an additional 659 shares during the last quarter. Finally, Hilltop National Bank raised its position in shares of STAG Industrial by 19.2% in the fourth 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 period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

STAG has been the topic of a number of research reports. Raymond James upped their price target on shares of 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 decreased 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. Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. Finally, Barclays dropped their target price 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. Four equities research 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.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $40.38.

STAG Industrial Price Performance

STAG traded down $0.13 on Wednesday, hitting $35.07. 1,600,133 shares of the stock were exchanged, compared to its average volume of 1,275,726. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The firm has a market capitalization of $6.39 billion, a price-to-earnings ratio of 35.42 and a beta of 1.09. The business has a 50-day moving average of $34.34 and a two-hundred day moving average of $37.05.

STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly 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 23.94% and a return on equity of 5.27%. Sell-side analysts forecast that STAG Industrial, Inc. will post 2.41 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 annualized dividend and a dividend yield of 4.25%. STAG Industrial's payout ratio is 150.51%.

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.