New York Life Investment Management LLC Has $655,000 Position in STAG Industrial, Inc. (NYSE:STAG)

New York Life Investment Management LLC decreased its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 71.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,366 shares of the real estate investment trust's stock after selling 47,343 shares during the period. New York Life Investment Management LLC's holdings in STAG Industrial were worth $655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Oregon Public Employees Retirement Fund lifted its stake in shares of STAG Industrial by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust's stock valued at $1,256,000 after purchasing an additional 300 shares during the period. Argonautica Private Wealth Management Inc. raised its position in STAG Industrial by 7.7% during the fourth quarter. Argonautica Private Wealth Management Inc. now owns 8,100 shares of the real estate investment trust's stock worth $274,000 after acquiring an additional 582 shares during the last quarter. WESPAC Advisors LLC raised its position in STAG Industrial by 16.0% during the fourth quarter. WESPAC Advisors LLC now owns 21,059 shares of the real estate investment trust's stock worth $712,000 after acquiring an additional 2,897 shares during the last quarter. Hudson Edge Investment Partners Inc. raised its position in STAG Industrial by 5.0% during the fourth quarter. Hudson Edge Investment Partners Inc. now owns 15,186 shares of the real estate investment trust's stock worth $514,000 after acquiring an additional 730 shares during the last quarter. Finally, Handelsbanken Fonder AB raised its position in STAG Industrial by 8.9% during the fourth quarter. Handelsbanken Fonder AB now owns 54,802 shares of the real estate investment trust's stock worth $1,853,000 after acquiring an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.

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Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction that occurred on 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 transaction, the director now 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 accessible through this link. Corporate insiders own 1.10% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on STAG. Royal Bank of Canada cut their target price on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a research report on Monday, January 27th. Barclays cut their target price on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 28th. Finally, Raymond James boosted their price objective 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $40.38.

STAG Industrial Stock Performance

Shares of STAG Industrial stock traded up $0.25 during trading on Friday, hitting $36.81. 1,503,484 shares of the stock were exchanged, compared to its average volume of 1,307,370. The stock's fifty day moving average is $34.53 and its 200 day moving average is $36.60. The stock has a market cap of $6.87 billion, a PE ratio of 35.39 and a beta of 1.05. 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 12 month low of $32.27 and a 12 month 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, beating analysts' consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. As a group, sell-side analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The firm also recently disclosed 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 of this dividend is Friday, February 28th. This represents a dividend yield of 4.25%. This is a boost from STAG Industrial's previous dividend of $0.12. STAG Industrial's payout ratio is currently 143.27%.

STAG Industrial Company Profile

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.