Allspring Global Investments Holdings LLC Sells 53,880 Shares of STAG Industrial, Inc. (NYSE:STAG)

Allspring Global Investments Holdings LLC lowered its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 24.3% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 167,566 shares of the real estate investment trust's stock after selling 53,880 shares during the period. Allspring Global Investments Holdings LLC owned about 0.09% of STAG Industrial worth $5,530,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Creative Planning raised its stake in shares of STAG Industrial by 6.2% in the third quarter. Creative Planning now owns 19,507 shares of the real estate investment trust's stock worth $763,000 after purchasing an additional 1,142 shares during the last quarter. Blue Trust Inc. boosted its stake in shares of STAG Industrial by 133.5% in the third quarter. Blue Trust Inc. now owns 3,159 shares of the real estate investment trust's stock worth $114,000 after acquiring an additional 1,806 shares during the period. Foundations Investment Advisors LLC bought a new position in shares of STAG Industrial in the third quarter worth about $385,000. Signaturefd LLC grew its holdings in shares of STAG Industrial by 27.0% in the third quarter. Signaturefd LLC now owns 2,995 shares of the real estate investment trust's stock valued at $117,000 after purchasing an additional 636 shares in the last quarter. Finally, International Assets Investment Management LLC increased its stake in STAG Industrial by 3,828.9% during the third quarter. International Assets Investment Management LLC now owns 116,963 shares of the real estate investment trust's stock worth $4,572,000 after acquiring an additional 113,986 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Raymond James lifted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Barclays dropped their target price 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. Wells Fargo & Company lowered their price objective 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. Finally, Royal Bank of Canada lowered their price target on shares of 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. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, STAG Industrial currently has a consensus rating of "Moderate Buy" and an average price target of $40.38.

STAG Industrial Stock Performance

STAG stock traded down $0.12 during midday trading on Friday, hitting $35.01. The stock had a trading volume of 331,822 shares, compared to its average volume of 1,236,048. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm has a market capitalization of $6.53 billion, a price-to-earnings ratio of 33.68 and a beta of 1.09. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63. The stock has a 50-day simple moving average of $34.24 and a 200 day simple moving average of $36.84.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate 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, equities research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Friday, February 28th. This is a boost from STAG Industrial's previous dividend of $0.12. This represents a yield of 4.25%. STAG Industrial's dividend payout ratio (DPR) is 143.27%.

STAG Industrial 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.