SG Americas Securities LLC Lowers Holdings in STAG Industrial, Inc. (NYSE:STAG)

SG Americas Securities LLC reduced its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 88.7% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,939 shares of the real estate investment trust's stock after selling 30,917 shares during the period. SG Americas Securities LLC's holdings in STAG Industrial were worth $155,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of STAG. Cetera Advisor Networks LLC grew its stake in shares of STAG Industrial by 15.0% in the 1st quarter. Cetera Advisor Networks LLC now owns 9,087 shares of the real estate investment trust's stock worth $376,000 after buying an additional 1,188 shares in the last quarter. Great West Life Assurance Co. Can boosted its stake in shares of STAG Industrial by 5.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 152,981 shares of the real estate investment trust's stock worth $6,569,000 after purchasing an additional 7,714 shares during the period. Sei Investments Co. boosted its stake in shares of STAG Industrial by 4.4% during the 1st quarter. Sei Investments Co. now owns 171,667 shares of the real estate investment trust's stock worth $7,142,000 after purchasing an additional 7,227 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of STAG Industrial by 10.2% during the 1st quarter. Allianz Asset Management GmbH now owns 111,680 shares of the real estate investment trust's stock worth $4,618,000 after purchasing an additional 10,365 shares during the period. Finally, Cetera Investment Advisers boosted its stake in shares of STAG Industrial by 23.0% during the 1st quarter. Cetera Investment Advisers now owns 6,204 shares of the real estate investment trust's stock worth $257,000 after purchasing an additional 1,161 shares during the period. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Down 1.6 %

Shares of NYSE:STAG traded down $0.58 during trading hours on Tuesday, hitting $35.62. The company's stock had a trading volume of 1,159,232 shares, compared to its average volume of 1,122,686. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market capitalization of $6.48 billion, a price-to-earnings ratio of 32.98, a P/E/G ratio of 5.23 and a beta of 1.02. The firm's fifty day moving average price is $37.69 and its 200 day moving average price is $36.80.

STAG Industrial Announces Dividend

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.15%. STAG Industrial's dividend payout ratio is currently 137.04%.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of recent analyst reports. Robert W. Baird reaffirmed a "neutral" rating and set a $41.00 price target (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. BMO Capital Markets reaffirmed an "outperform" rating and set a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Royal Bank of Canada lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Friday, February 16th. Finally, Barclays initiated coverage on shares of STAG Industrial in a research note on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 price target for the company. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $39.13.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.