Crestwood Advisors Group LLC Sells 12,874 Shares of Stag Industrial, Inc. (NYSE:STAG)

Crestwood Advisors Group LLC lessened its position in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 4.6% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 266,003 shares of the real estate investment trust's stock after selling 12,874 shares during the period. Crestwood Advisors Group LLC owned 0.14% of Stag Industrial worth $9,608,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Teacher Retirement System of Texas increased its position in shares of Stag Industrial by 55.3% during the first quarter. Teacher Retirement System of Texas now owns 39,735 shares of the real estate investment trust's stock valued at $1,435,000 after buying an additional 14,155 shares during the period. Principal Financial Group Inc. increased its position in shares of Stag Industrial by 2.7% during the first quarter. Principal Financial Group Inc. now owns 429,045 shares of the real estate investment trust's stock valued at $15,497,000 after buying an additional 11,408 shares during the period. Janney Montgomery Scott LLC increased its position in shares of Stag Industrial by 4.7% during the first quarter. Janney Montgomery Scott LLC now owns 12,711 shares of the real estate investment trust's stock valued at $459,000 after buying an additional 571 shares during the period. KLP Kapitalforvaltning AS purchased a new stake in Stag Industrial in the fourth quarter worth about $1,276,000. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in Stag Industrial by 8.7% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 16,255 shares of the real estate investment trust's stock worth $587,000 after purchasing an additional 1,295 shares during the period. Institutional investors own 88.67% of the company's stock.

Stag Industrial Stock Performance

STAG traded down $0.36 during trading on Thursday, hitting $35.97. The company's stock had a trading volume of 476,343 shares, compared to its average volume of 1,488,976. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86. Stag Industrial, Inc. has a one year low of $28.61 and a one year high of $41.63. The firm has a market cap of $6.71 billion, a PE ratio of 27.04 and a beta of 0.93. The business's 50 day simple moving average is $35.97 and its 200-day simple moving average is $34.84.

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, topping the consensus estimate of $0.60 by $0.01. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. The business had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same period last year, the firm earned $0.59 earnings per share. The company's quarterly revenue was up 9.7% on a year-over-year basis. As a group, sell-side analysts predict that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, August 15th. Stockholders of record on Friday, August 1st will be paid a $0.1242 dividend. The ex-dividend date is Thursday, July 31st. This represents a dividend yield of 4.22%. Stag Industrial's dividend payout ratio (DPR) is presently 112.03%.

Wall Street Analyst Weigh In

STAG has been the topic of a number of recent research reports. Royal Bank Of Canada restated a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Raymond James Financial upped their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research note on Wednesday, May 7th. Finally, Robert W. Baird dropped their target price on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research note on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $39.71.

Insider Activity

In other news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction on Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the sale, the director directly owned 7,115 shares of the company's stock, valued at $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.10% of the stock is currently owned by company insiders.

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.