Miller Howard Investments Inc. NY Sells 13,283 Shares of STAG Industrial, Inc. (NYSE:STAG)

Miller Howard Investments Inc. NY trimmed its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 2.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 632,960 shares of the real estate investment trust's stock after selling 13,283 shares during the quarter. Miller Howard Investments Inc. NY owned approximately 0.35% of STAG Industrial worth $22,825,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. J.Safra Asset Management Corp lifted its position in STAG Industrial by 708.5% in the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust's stock worth $25,000 after buying an additional 581 shares during the last quarter. Spire Wealth Management raised its stake in STAG Industrial by 124.1% during the fourth quarter. Spire Wealth Management now owns 688 shares of the real estate investment trust's stock valued at $26,000 after buying an additional 381 shares during the last quarter. Fidelis Capital Partners LLC purchased a new stake in STAG Industrial during the 1st quarter valued at about $29,000. HHM Wealth Advisors LLC purchased a new stake in shares of STAG Industrial during the fourth quarter valued at approximately $31,000. Finally, GAMMA Investing LLC increased its holdings in shares of STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 326 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on STAG shares. Evercore ISI boosted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research note on Wednesday. Wedbush upped their price objective on STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. BNP Paribas initiated coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They set a "neutral" rating and a $39.00 target price for the company. Barclays lifted their price objective on STAG Industrial from $38.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, August 14th. Finally, Wells Fargo & Company upped their target price on shares of STAG Industrial from $37.00 to $41.00 and gave the company an "equal weight" rating in a research report on Wednesday. Six research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, STAG Industrial presently has an average rating of "Hold" and a consensus target price of $41.22.

STAG Industrial Trading Up 0.2 %

NYSE:STAG traded up $0.10 on Wednesday, hitting $40.28. The stock had a trading volume of 785,575 shares, compared to its average volume of 1,097,069. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82. The stock has a market cap of $7.33 billion, a price-to-earnings ratio of 40.28, a PEG ratio of 4.13 and a beta of 1.09. The company has a fifty day moving average price of $38.41 and a two-hundred day moving average price of $37.14. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $41.63.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 15th. Shareholders of record on Thursday, August 1st were given a dividend of $0.1233 per share. This represents a yield of 3.63%. This is a boost from STAG Industrial's previous dividend of $0.12. The ex-dividend date was Wednesday, July 31st. STAG Industrial's payout ratio is 148.00%.

Insider Buying and Selling at STAG Industrial

In related news, Director Benjamin S. Butcher sold 30,000 shares of the company's stock in a transaction on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now directly owns 8,304 shares of the company's stock, valued at $289,062.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, Director Benjamin S. Butcher sold 30,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now owns 8,304 shares of the company's stock, valued at approximately $289,062.24. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the transaction, the director now owns 8,758 shares of the company's stock, valued at approximately $357,151.24. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by corporate insiders.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.

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