Cumberland Partners Ltd Sells 83,125 Shares of STAG Industrial, Inc. (NYSE:STAG)

Cumberland Partners Ltd lowered its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 62.7% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 49,390 shares of the real estate investment trust's stock after selling 83,125 shares during the quarter. Cumberland Partners Ltd's holdings in STAG Industrial were worth $1,939,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STAG. Daiwa Securities Group Inc. raised its holdings in shares of STAG Industrial by 788.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 669,393 shares of the real estate investment trust's stock valued at $26,281,000 after acquiring an additional 594,076 shares in the last quarter. Invesco Ltd. grew its stake in STAG Industrial by 35.3% in the third quarter. Invesco Ltd. now owns 1,613,265 shares of the real estate investment trust's stock worth $55,674,000 after purchasing an additional 420,768 shares during the period. Crestwood Advisors Group LLC purchased a new stake in STAG Industrial in the third quarter worth $10,124,000. Envestnet Asset Management Inc. grew its stake in STAG Industrial by 105.2% in the third quarter. Envestnet Asset Management Inc. now owns 449,517 shares of the real estate investment trust's stock worth $15,513,000 after purchasing an additional 230,480 shares during the period. Finally, Schonfeld Strategic Advisors LLC grew its stake in STAG Industrial by 132.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust's stock worth $10,823,000 after purchasing an additional 178,846 shares during the period. Institutional investors own 88.67% of the company's stock.

STAG Industrial Stock Up 0.2 %

Shares of STAG Industrial stock traded up $0.07 on Tuesday, reaching $35.41. The company's stock had a trading volume of 986,052 shares, compared to its average volume of 1,130,050. The company has a market capitalization of $6.44 billion, a price-to-earnings ratio of 32.79, a P/E/G ratio of 4.93 and a beta of 1.02. The firm's fifty day simple moving average is $37.45 and its two-hundred day simple moving average is $36.84. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial's payout ratio is currently 137.04%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on STAG shares. Robert W. Baird reiterated a "neutral" rating and issued a $41.00 price target (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Barclays started coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 price target on the stock. Royal Bank of Canada boosted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Friday, February 16th. Finally, BMO Capital Markets reiterated an "outperform" rating and set a $42.00 target price (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $39.13.

About STAG Industrial

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.

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