Envestnet Portfolio Solutions Inc. Reduces Stock Position in Stag Industrial, Inc. (NYSE:STAG)

Envestnet Portfolio Solutions Inc. decreased its holdings in Stag Industrial, Inc. (NYSE:STAG - Free Report) by 51.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 7,752 shares of the real estate investment trust's stock after selling 8,056 shares during the period. Envestnet Portfolio Solutions Inc.'s holdings in Stag Industrial were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in STAG. Swiss National Bank lifted its holdings in Stag Industrial by 0.8% during the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust's stock valued at $12,114,000 after buying an additional 2,800 shares in the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Stag Industrial during the fourth quarter valued at approximately $1,276,000. US Bancorp DE raised its stake in shares of Stag Industrial by 1.5% during the fourth quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock valued at $917,000 after acquiring an additional 402 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Stag Industrial in the fourth quarter valued at approximately $470,000. Finally, Steward Partners Investment Advisory LLC grew its stake in Stag Industrial by 28.8% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 5,306 shares of the real estate investment trust's stock worth $179,000 after purchasing an additional 1,187 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have weighed in on STAG. Raymond James Financial upped their target price on Stag Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a report on Wednesday, May 7th. Robert W. Baird lowered 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. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $38.00 target price on shares of Stag Industrial in a report on Monday, May 19th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $39.71.

Stag Industrial Stock Performance

STAG opened at $36.23 on Monday. The company has a market cap of $6.76 billion, a P/E ratio of 27.24 and a beta of 0.94. The company has a quick ratio of 1.25, a current ratio of 1.25 and a debt-to-equity ratio of 0.86. The firm's 50-day moving average price is $35.05 and its 200-day moving average price is $34.61. Stag Industrial, Inc. has a 52-week low of $28.61 and a 52-week high of $41.63.

Stag Industrial (NYSE:STAG - Get Free Report) last issued 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 company had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the prior year, the company earned $0.59 EPS. Stag Industrial's quarterly revenue was up 9.7% on a year-over-year basis. As a group, equities analysts anticipate that Stag Industrial, Inc. will post 2.47 EPS for the current fiscal year.

Stag Industrial Announces Dividend

The company also recently disclosed a dividend, which was paid on Monday, June 16th. Shareholders of record on Monday, June 2nd were issued a $0.1242 dividend. The ex-dividend date of this dividend was Friday, May 30th. This represents a yield of 4.37%. Stag Industrial's payout ratio is 112.03%.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company's stock in a transaction on 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 completion of the transaction, the director now directly owns 7,115 shares in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.10% of the company's stock.

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.

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