Y Intercept Hong Kong Ltd Sells 16,374 Shares of STAG Industrial, Inc. (NYSE:STAG)

Y Intercept Hong Kong Ltd lowered its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 59.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,989 shares of the real estate investment trust's stock after selling 16,374 shares during the period. Y Intercept Hong Kong Ltd's holdings in STAG Industrial were worth $372,000 as of its most recent filing with the SEC.

Several other large investors have also bought and sold shares of the business. Sugar Maple Asset Management LLC acquired a new stake in STAG Industrial in the fourth quarter valued at approximately $43,000. Coastline Trust Co bought a new stake in STAG Industrial during the 3rd quarter worth $55,000. Hilltop National Bank increased its holdings in 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. grew its holdings in shares of 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 worth $101,000 after purchasing an additional 510 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in STAG Industrial in the 4th quarter valued at approximately $109,000. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Up 0.8 %

NYSE:STAG traded up $0.30 on Friday, hitting $36.86. The stock had a trading volume of 559,315 shares, compared to its average volume of 1,284,607. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63. The business's fifty day moving average is $34.48 and its 200 day moving average is $36.60. The company has a market cap of $6.88 billion, a PE ratio of 35.45 and a beta of 1.09.

Remove Ads

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%. On average, equities research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal 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 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%.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business's stock in a transaction on 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 sale, 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 legal filing with the SEC, which is available through this link. 1.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday, January 27th. Barclays reduced their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Finally, Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a 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 stock. According to data from MarketBeat.com, STAG Industrial has an average rating of "Moderate Buy" and a consensus price target of $40.38.

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.