CIBC Private Wealth Group LLC Sells 2,188 Shares of STAG Industrial, Inc. (NYSE:STAG)

CIBC Private Wealth Group LLC lowered its position in STAG Industrial, Inc. (NYSE:STAG) by 20.7% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,400 shares of the real estate investment trust’s stock after selling 2,188 shares during the period. CIBC Private Wealth Group LLC’s holdings in STAG Industrial were worth $280,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Cerity Partners LLC raised its position in STAG Industrial by 32.7% in the third quarter. Cerity Partners LLC now owns 18,774 shares of the real estate investment trust’s stock worth $734,000 after acquiring an additional 4,629 shares during the period. Captrust Financial Advisors raised its holdings in STAG Industrial by 3.7% in the 3rd quarter. Captrust Financial Advisors now owns 24,500 shares of the real estate investment trust’s stock worth $958,000 after purchasing an additional 880 shares during the period. Verition Fund Management LLC lifted its position in STAG Industrial by 140.4% during the third quarter. Verition Fund Management LLC now owns 22,963 shares of the real estate investment trust’s stock valued at $898,000 after purchasing an additional 13,411 shares in the last quarter. Edgestream Partners L.P. bought a new stake in STAG Industrial during the third quarter valued at about $370,000. Finally, Benjamin Edwards Inc. increased its position in STAG Industrial by 142.3% in the third quarter. Benjamin Edwards Inc. now owns 5,937 shares of the real estate investment trust’s stock worth $232,000 after buying an additional 3,487 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Price Performance

Shares of STAG Industrial stock opened at $32.88 on Friday. The firm has a market cap of $6.14 billion, a PE ratio of 31.62 and a beta of 1.05. The stock has a 50 day moving average of $35.25 and a 200 day moving average of $35.92. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63.

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 analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. On average, research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.1242 dividend. The ex-dividend date was Friday, February 28th. This represents a 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 currently 143.27%.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the transaction, the director now owns 9,632 shares in the company, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on STAG shares. Royal Bank of Canada reduced 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 report on Monday, January 27th. Barclays decreased their price objective on shares of 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. Finally, Raymond James upped their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $40.38.

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.