Ameriprise Financial Inc. Reduces Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Ameriprise Financial Inc. cut its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,757 shares of the real estate investment trust's stock after selling 14,930 shares during the period. Ameriprise Financial Inc. owned approximately 0.18% of STAG Industrial worth $10,950,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Park Avenue Securities LLC lifted its holdings in STAG Industrial by 40.3% in the fourth quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust's stock valued at $246,000 after acquiring an additional 2,091 shares during the period. Hennion & Walsh Asset Management Inc. raised its stake in shares of STAG Industrial by 3.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust's stock worth $407,000 after buying an additional 347 shares during the period. Merit Financial Group LLC bought a new position in shares of STAG Industrial in the fourth quarter worth about $584,000. HB Wealth Management LLC bought a new position in shares of STAG Industrial in the fourth quarter worth about $294,000. Finally, Sugar Maple Asset Management LLC bought a new position in shares of STAG Industrial in the fourth quarter worth about $43,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Barclays decreased their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research note on Tuesday, January 28th. Robert W. Baird decreased their price objective on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Raymond James raised their price objective on STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $38.00 price objective on shares of STAG Industrial in a research note on Monday. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $39.63.

STAG Industrial Price Performance

STAG traded down $0.14 on Thursday, hitting $34.26. 1,046,591 shares of the company's stock traded hands, compared to its average volume of 1,226,332. The company's 50 day simple moving average is $33.79 and its 200-day simple moving average is $34.76. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 32.94 and a beta of 0.93. STAG Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86.

STAG Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. The business had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm's revenue for the quarter was up 9.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 EPS. As a group, research analysts anticipate that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be issued a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.35%. The ex-dividend date is Monday, June 30th. STAG Industrial's dividend payout ratio is presently 112.03%.

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.