Retirement Planning Group LLC Trims Stake in STAG Industrial, Inc. (NYSE:STAG)

Retirement Planning Group LLC reduced its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 41.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,892 shares of the real estate investment trust's stock after selling 10,008 shares during the period. Retirement Planning Group LLC's holdings in STAG Industrial were worth $502,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Norges Bank purchased a new position in STAG Industrial in the fourth quarter worth $75,471,000. FMR LLC grew its position in 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 acquiring an additional 2,088,839 shares in the last quarter. Raymond James Financial Inc. purchased a new position in STAG Industrial in the fourth quarter worth $57,561,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in STAG Industrial by 442.2% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,364,411 shares of the real estate investment trust's stock worth $46,144,000 after acquiring an additional 1,112,757 shares in the last quarter. Finally, Northern Trust Corp grew its position in STAG Industrial by 33.3% in the fourth quarter. Northern Trust Corp now owns 2,090,046 shares of the real estate investment trust's stock worth $70,685,000 after acquiring an additional 522,568 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Royal Bank of Canada reiterated a "sector perform" rating and issued a $38.00 target price on shares of STAG Industrial in a research report on Monday, May 19th. Raymond James 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 report on Wednesday, May 7th. Finally, Robert W. Baird cut their target price on shares of STAG Industrial from $39.00 to $38.00 and set a "neutral" rating for the company in a research report on Wednesday, May 7th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average price target of $39.71.

STAG Industrial Stock Performance

NYSE STAG opened at $36.11 on Friday. The company has a 50-day simple moving average of $33.81 and a two-hundred day simple moving average of $34.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63. The firm has a market cap of $6.74 billion, a price-to-earnings ratio of 34.72 and a beta of 0.93.

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

STAG Industrial Dividend Announcement

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

STAG Industrial 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.

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