Stag Industrial, Inc. $STAG Shares Sold by Deutsche Bank AG

Deutsche Bank AG lowered its stake in shares of Stag Industrial, Inc. (NYSE:STAG - Free Report) by 88.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 129,036 shares of the real estate investment trust's stock after selling 1,019,681 shares during the quarter. Deutsche Bank AG owned about 0.07% of Stag Industrial worth $4,661,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of STAG. Renaissance Technologies LLC grew its stake in shares of Stag Industrial by 16.1% in the 4th quarter. Renaissance Technologies LLC now owns 187,100 shares of the real estate investment trust's stock valued at $6,328,000 after buying an additional 25,900 shares during the period. Sterling Capital Management LLC raised its holdings in Stag Industrial by 56.7% during the 4th quarter. Sterling Capital Management LLC now owns 10,811 shares of the real estate investment trust's stock valued at $366,000 after acquiring an additional 3,914 shares during the period. Townsquare Capital LLC bought a new position in shares of Stag Industrial in the fourth quarter worth $263,000. Jump Financial LLC purchased a new position in Stag Industrial in the fourth quarter worth $376,000. Finally, NewEdge Advisors LLC boosted its position in Stag Industrial by 24.7% during the fourth quarter. NewEdge Advisors LLC now owns 8,461 shares of the real estate investment trust's stock valued at $286,000 after buying an additional 1,676 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have weighed in on STAG. Raymond James Financial upped their price objective on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th. Evercore ISI boosted their price objective on shares of Stag Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 30th. Finally, Robert W. Baird reduced their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research note on Wednesday, May 7th. Two equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $38.17.

Insider Buying and Selling at Stag Industrial

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

Stag Industrial Stock Down 0.9%

Shares of NYSE:STAG traded down $0.32 during trading on Thursday, hitting $35.53. 414,327 shares of the company were exchanged, compared to its average volume of 1,484,004. The firm's 50 day moving average price is $35.72 and its 200-day moving average price is $35.00. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $40.75. The stock has a market capitalization of $6.63 billion, a P/E ratio of 27.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.31 and a quick ratio of 1.31.

Stag Industrial (NYSE:STAG - Get Free Report) last released its quarterly earnings results on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, meeting the consensus estimate of $0.63. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The firm had revenue of $207.44 million during the quarter, compared to the consensus estimate of $206.37 million. During the same quarter in the prior year, the firm earned $0.61 EPS. Stag Industrial's revenue for the quarter was up 9.4% on a year-over-year basis. On average, research analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The business also recently disclosed a dividend, which was paid on Friday, August 15th. Stockholders of record on Friday, August 1st were issued a dividend of $0.1242 per share. This represents a dividend yield of 422.0%. The ex-dividend date was Thursday, July 31st. Stag Industrial's dividend payout ratio is presently 117.32%.

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.