Deutsche Bank AG Sells 1,044,343 Shares of STAG Industrial, Inc. (NYSE:STAG)

Deutsche Bank AG trimmed its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 47.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,148,717 shares of the real estate investment trust's stock after selling 1,044,343 shares during the period. Deutsche Bank AG owned about 0.63% of STAG Industrial worth $38,850,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of STAG. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial during the fourth quarter valued at $43,000. Quarry LP acquired a new position in STAG Industrial during the fourth quarter valued at $62,000. Principal Securities Inc. raised its position in STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust's stock valued at $101,000 after buying an additional 510 shares during the period. Aew Capital Management L P raised its position in STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust's stock valued at $108,000 after buying an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC acquired a new position in STAG Industrial during the fourth quarter valued at $109,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently weighed in on STAG. Robert W. Baird dropped their price target on STAG Industrial from $39.00 to $38.00 and set a "neutral" rating on the stock in a research report on Wednesday, May 7th. Royal Bank of Canada dropped their price target on STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday, January 27th. Raymond James upped their target price on STAG Industrial from $36.00 to $38.00 and gave the stock an "outperform" rating in a research report on Wednesday, May 7th. Finally, Barclays dropped their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a research report on Tuesday, January 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial currently has a consensus rating of "Hold" and an average price target of $39.63.

STAG Industrial Stock Up 1.1%

Shares of NYSE STAG traded up $0.38 during mid-day trading on Friday, reaching $35.86. 1,450,645 shares of the company traded hands, compared to its average volume of 1,217,290. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a market cap of $6.69 billion, a PE ratio of 34.48 and a beta of 0.93. The company's fifty day moving average is $33.81 and its two-hundred day moving average is $34.80. STAG Industrial, Inc. has a fifty-two week low of $28.61 and a fifty-two week high of $41.63.

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

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be paid a dividend of $0.1242 per share. The ex-dividend date is Monday, June 30th. This represents a $1.49 annualized dividend and a yield of 4.16%. STAG Industrial's payout ratio is 112.03%.

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.