STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in STAG Industrial, Inc. (NYSE:STAG) by 1.4% in the 4th quarter, Holdings Channel.com reports. The fund owned 3,124,533 shares of the real estate investment trust’s stock after selling 44,631 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in STAG Industrial were worth $105,672,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Sugar Maple Asset Management LLC purchased a new stake in shares of STAG Industrial during the fourth quarter worth approximately $43,000. Coastline Trust Co purchased a new stake in shares of STAG Industrial during the third quarter worth approximately $55,000. Hilltop National Bank raised its stake in shares of STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 362 shares during the last quarter. Principal Securities Inc. raised its stake in shares of 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 worth $101,000 after purchasing an additional 510 shares during the last quarter. Finally, Aew Capital Management L P raised its stake in shares of 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 worth $108,000 after purchasing an additional 1,100 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Up 0.7 %

STAG Industrial stock opened at $36.81 on Monday. 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 firm has a market capitalization of $6.87 billion, a price-to-earnings ratio of 35.39 and a beta of 1.05. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The stock’s fifty day moving average is $34.59 and its two-hundred day moving average is $36.54.

STAG Industrial (NYSE:STAG) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Analysts predict that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Friday, February 28th. This represents a dividend yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

Analyst Upgrades and Downgrades

STAG has been the subject of several research analyst reports. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays cut their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Finally, Royal Bank of Canada cut their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.38.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction 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 sale, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

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.