Vident Advisory LLC cut its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 41.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,855 shares of the real estate investment trust's stock after selling 29,575 shares during the quarter. Vident Advisory LLC's holdings in STAG Industrial were worth $1,416,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its holdings in STAG Industrial by 40.3% in the 4th quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust's stock worth $246,000 after purchasing an additional 2,091 shares during the last quarter. Merit Financial Group LLC bought a new stake in STAG Industrial in the 4th quarter valued at $584,000. HB Wealth Management LLC acquired a new stake in STAG Industrial in the 4th quarter worth $294,000. Atomi Financial Group Inc. increased its holdings in shares of STAG Industrial by 25.3% during the 4th quarter. Atomi Financial Group Inc. now owns 6,970 shares of the real estate investment trust's stock worth $236,000 after purchasing an additional 1,407 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH raised its position in shares of STAG Industrial by 3.3% during the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 575,156 shares of the real estate investment trust's stock valued at $19,452,000 after buying an additional 18,400 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the stock. Barclays decreased 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 research note on Tuesday, January 28th. Robert W. Baird dropped their price target 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. Raymond James raised their price target 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 restated a "sector perform" rating and set a $38.00 target price on shares of STAG Industrial in a research report on Monday, May 19th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $39.63.
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STAG Industrial Price Performance
Shares of STAG traded up $0.79 on Tuesday, hitting $34.86. The company's stock had a trading volume of 582,542 shares, compared to its average volume of 1,225,822. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63. The company has a market capitalization of $6.51 billion, a PE ratio of 33.55 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The company has a 50 day moving average price of $33.71 and a 200 day moving average price of $34.65.
STAG Industrial (NYSE:STAG - Get Free Report) last posted its quarterly earnings data 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. The firm had revenue of $205.57 million during the quarter, compared to analysts' expectations of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. STAG Industrial's revenue was up 9.7% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.59 EPS. On average, research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.
STAG Industrial Announces Dividend
The company also recently disclosed a dividend, which will be paid on Monday, June 16th. Investors of record on Monday, June 2nd will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Friday, May 30th. This represents a dividend yield of 4.37%. STAG Industrial's payout ratio is presently 112.03%.
About STAG Industrial
(
Free Report)
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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