STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 80.1% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 71,202 shares of the real estate investment trust's stock after selling 285,924 shares during the quarter. Guggenheim Capital LLC's holdings in STAG Industrial were worth $2,408,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of STAG. Sugar Maple Asset Management LLC purchased a new stake in STAG Industrial during the 4th quarter valued at $43,000. Hilltop National Bank increased its stake in shares of STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock worth $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. lifted its holdings in STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after purchasing an additional 510 shares in the last quarter. Aew Capital Management L P increased its stake in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock worth $108,000 after buying an additional 1,100 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of STAG Industrial in the fourth quarter worth $109,000. 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 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 completion of the sale, the director now owns 9,632 shares of the company's stock, valued at $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is owned by company insiders.

STAG Industrial Stock Down 0.4 %

STAG traded down $0.13 during trading hours on Friday, hitting $32.99. 238,915 shares of the company's stock were exchanged, compared to its average volume of 1,191,905. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The firm has a market cap of $6.16 billion, a P/E ratio of 31.72 and a beta of 0.96. 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 50 day moving average of $34.41 and a 200 day moving average of $35.20.

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 (EPS) for the quarter, beating 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%. Analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a $0.1242 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.52%. STAG Industrial's dividend payout ratio (DPR) is presently 143.27%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STAG. Barclays lowered their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research note on Tuesday, January 28th. Raymond James lowered their target price on STAG Industrial from $40.00 to $36.00 and set an "outperform" rating for the company in a report on Monday, April 14th. Finally, Royal Bank of Canada decreased 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, STAG Industrial presently has an average rating of "Hold" and an average target price of $39.57.

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.