Retirement Planning Group LLC Lowers Holdings in STAG Industrial, Inc. (NYSE:STAG)

Retirement Planning Group LLC decreased its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 60.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 23,900 shares of the real estate investment trust's stock after selling 36,531 shares during the period. Retirement Planning Group LLC's holdings in STAG Industrial were worth $808,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. FMR LLC grew its holdings in shares of STAG Industrial by 30.1% in the fourth quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust's stock worth $305,224,000 after purchasing an additional 2,088,839 shares during the last quarter. Earnest Partners LLC boosted its holdings in STAG Industrial by 6.6% in the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust's stock valued at $128,361,000 after acquiring an additional 235,622 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in STAG Industrial by 5.9% in the fourth quarter. Nuveen Asset Management LLC now owns 3,679,641 shares of the real estate investment trust's stock valued at $124,445,000 after acquiring an additional 204,948 shares in the last quarter. Geode Capital Management LLC boosted its holdings in STAG Industrial by 0.5% in the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust's stock valued at $115,748,000 after acquiring an additional 18,009 shares in the last quarter. Finally, Channing Capital Management LLC boosted its holdings in STAG Industrial by 7.8% in the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust's stock valued at $76,421,000 after acquiring an additional 164,284 shares in the last quarter. Institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Up 2.4%

Shares of STAG stock traded up $0.83 during mid-day trading on Tuesday, reaching $34.90. 1,100,262 shares of the company's stock traded hands, compared to its average volume of 1,227,593. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63. The company has a market cap of $6.51 billion, a P/E ratio of 33.56 and a beta of 0.93. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company's 50-day moving average price is $33.71 and its 200-day moving average price is $34.65.

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

STAG Industrial Announces Dividend

The business also recently declared a dividend, which will be paid on Monday, June 16th. Stockholders of record on Monday, June 2nd will be given a $0.1242 dividend. This represents a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, May 30th. STAG Industrial's dividend payout ratio is presently 112.03%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Barclays cut their price target on shares of STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday, January 28th. Raymond James lifted their price target on shares of STAG Industrial from $36.00 to $38.00 and gave the company an "outperform" rating in a report on Wednesday, May 7th. Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 price target on shares of STAG Industrial in a report on Monday, May 19th. Finally, Robert W. Baird cut their price target on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a report on Wednesday, May 7th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, STAG Industrial presently has an average rating of "Hold" and an average target price of $39.63.

STAG Industrial Company 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.