Retirement Planning Group LLC Sells 36,531 Shares of STAG Industrial, Inc. (NYSE:STAG)

Retirement Planning Group LLC trimmed its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 60.5% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

A number of other large investors have also recently added to or reduced their stakes in STAG. Swiss National Bank boosted its stake in shares of 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 during the period. KLP Kapitalforvaltning AS bought a new position in STAG Industrial in the 4th quarter worth $1,276,000. Congress Asset Management Co. grew its position in STAG Industrial by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust's stock worth $7,472,000 after purchasing an additional 20,327 shares during the last quarter. Asset Management One Co. Ltd. grew its position in STAG Industrial by 2.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust's stock worth $12,159,000 after purchasing an additional 8,259 shares during the last quarter. Finally, US Bancorp DE grew its position in STAG Industrial by 1.5% in the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust's stock worth $917,000 after purchasing an additional 402 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Trading Up 0.9%

Shares of STAG traded up $0.33 on Thursday, reaching $35.81. 406,258 shares of the company's stock were exchanged, compared to its average volume of 1,228,809. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $6.68 billion, a P/E ratio of 34.41 and a beta of 0.93. The business has a 50 day moving average price of $33.73 and a two-hundred day moving average price of $34.66. STAG Industrial, Inc. has a 12 month low of $28.61 and a 12 month high of $41.63.

STAG Industrial (NYSE:STAG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. The business's quarterly revenue was up 9.7% on a year-over-year basis. Research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

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

Wall Street Analysts Forecast Growth

Several analysts have issued reports on STAG shares. Robert W. Baird decreased their price target on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Raymond James boosted 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, Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $38.00 target price on shares of STAG Industrial in a research note on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial has a consensus 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.