STAG Industrial, Inc. (NYSE:STAG) Shares Sold by WESPAC Advisors LLC

WESPAC Advisors LLC trimmed its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 44.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,696 shares of the real estate investment trust's stock after selling 14,880 shares during the quarter. WESPAC Advisors LLC's holdings in STAG Industrial were worth $674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of STAG. GAMMA Investing LLC raised its holdings in 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 during the period. Insight Folios Inc raised its holdings in STAG Industrial by 4.1% in the 1st quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust's stock worth $334,000 after purchasing an additional 341 shares during the period. Claro Advisors LLC raised its holdings in STAG Industrial by 5.8% in the 1st quarter. Claro Advisors LLC now owns 6,433 shares of the real estate investment trust's stock worth $247,000 after purchasing an additional 352 shares during the period. Shepherd Financial Partners LLC raised its holdings in STAG Industrial by 1.9% in the 4th quarter. Shepherd Financial Partners LLC now owns 18,786 shares of the real estate investment trust's stock worth $738,000 after purchasing an additional 356 shares during the period. Finally, CWM LLC raised its holdings in STAG Industrial by 17.6% in the 4th quarter. CWM LLC now owns 2,438 shares of the real estate investment trust's stock worth $96,000 after purchasing an additional 365 shares during the period. 88.67% of the stock is owned by institutional investors.

STAG Industrial Trading Up 1.5 %

STAG traded up $0.61 on Friday, hitting $40.58. The company had a trading volume of 693,262 shares, compared to its average volume of 1,091,853. The company has a market cap of $7.39 billion, a PE ratio of 40.58, a PEG ratio of 4.16 and a beta of 1.09. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $41.63. 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 business's fifty day simple moving average is $38.61 and its 200 day simple moving average is $37.18.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.1233 dividend. The ex-dividend date was Wednesday, July 31st. This represents a yield of 3.63%. This is a positive change from STAG Industrial's previous dividend of $0.12. STAG Industrial's dividend payout ratio (DPR) is currently 148.00%.

Insider Buying and Selling

In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of the firm's stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the sale, the director now owns 8,758 shares of the company's stock, valued at $357,151.24. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, Director Benjamin S. Butcher sold 30,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the sale, the director now owns 8,304 shares of the company's stock, valued at $289,062.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction that occurred on 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 sale, the director now directly 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 company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on STAG shares. Barclays increased their price target 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. Wedbush increased their price target 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 STAG Industrial in a research note on Tuesday, June 4th. They issued a "neutral" rating and a $39.00 price target for the company. Wells Fargo & Company raised their price objective on STAG Industrial from $37.00 to $41.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, Evercore ISI raised their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Wednesday. Six analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, STAG Industrial presently has an average rating of "Hold" and an average price target of $41.22.

STAG Industrial Profile

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.