Commonwealth Equity Services LLC Has $3.13 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Commonwealth Equity Services LLC lowered its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 2.9% during the fourth quarter, Holdings Channel reports. The firm owned 92,439 shares of the real estate investment trust’s stock after selling 2,784 shares during the period. Commonwealth Equity Services LLC’s holdings in STAG Industrial were worth $3,126,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Sugar Maple Asset Management LLC bought a new position in STAG Industrial during the fourth quarter valued at about $43,000. Hilltop National Bank increased its holdings in shares of STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 362 shares during the last quarter. Principal Securities Inc. raised its stake in shares of STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 510 shares in the last quarter. Aew Capital Management L P lifted its holdings in STAG Industrial by 52.4% in the 4th 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. Finally, Venturi Wealth Management LLC bought a new stake in STAG Industrial during the fourth quarter worth approximately $109,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Stock Up 0.7 %

Shares of STAG opened at $34.72 on Wednesday. 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 company has a 50-day simple moving average of $35.09 and a 200-day simple moving average of $36.14. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63. The firm has a market capitalization of $6.48 billion, a P/E ratio of 33.38 and a beta of 1.05.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS 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%. On average, equities research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were paid a dividend of $0.1242 per share. The ex-dividend date was Friday, February 28th. This represents a yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is currently 143.27%.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on STAG shares. Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut their target price on shares of 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. Finally, Barclays lowered their price target 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. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.38.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial 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 sale, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.10% of the company’s stock.

About STAG Industrial

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.