STAG Industrial, Inc. (NYSE:STAG) Stock Position Cut by Motley Fool Wealth Management LLC

Motley Fool Wealth Management LLC lessened its stake in STAG Industrial, Inc. (NYSE:STAG) by 1.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 300,863 shares of the real estate investment trust’s stock after selling 4,219 shares during the period. Motley Fool Wealth Management LLC owned 0.17% of STAG Industrial worth $11,814,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of STAG. Louisiana State Employees Retirement System bought a new position in shares of STAG Industrial during the 4th quarter valued at about $2,002,000. International Assets Investment Management LLC boosted its position in shares of STAG Industrial by 3,860.5% during the 4th quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock valued at $4,508,000 after purchasing an additional 111,917 shares in the last quarter. Sei Investments Co. boosted its position in shares of STAG Industrial by 11.8% during the 3rd quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust’s stock valued at $17,310,000 after purchasing an additional 53,109 shares in the last quarter. Schonfeld Strategic Advisors LLC boosted its holdings in shares of 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 buying an additional 178,846 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in shares of STAG Industrial by 5.3% in the fourth quarter. New York State Teachers Retirement System now owns 38,605 shares of the real estate investment trust’s stock worth $1,516,000 after buying an additional 1,936 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Down 0.2 %

Shares of STAG Industrial stock traded down $0.06 during trading on Friday, hitting $34.48. 1,268,933 shares of the company were exchanged, compared to its average volume of 960,383. The firm has a market capitalization of $6.27 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 4.87 and a beta of 1.02. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The firm’s fifty day moving average price is $37.20 and its 200 day moving average price is $36.82. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.1233 per share. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.29%. STAG Industrial’s payout ratio is currently 137.04%.

Wall Street Analyst Weigh In

Several brokerages have commented on STAG. Barclays began coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price for the company. Royal Bank of Canada increased 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 report on Friday, February 16th. Robert W. Baird reissued a “neutral” rating and issued a $41.00 price target (up from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Finally, BMO Capital Markets reissued an “outperform” rating and issued a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average 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.