Motley Fool Wealth Management LLC Sells 11,973 Shares of STAG Industrial, Inc. (NYSE:STAG)

Motley Fool Wealth Management LLC lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.0% in the 4th quarter, HoldingsChannel reports. The institutional investor owned 291,030 shares of the real estate investment trust’s stock after selling 11,973 shares during the quarter. Motley Fool Wealth Management LLC’s holdings in STAG Industrial were worth $9,824,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in 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 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 worth $76,000 after acquiring an additional 362 shares during the period. Principal Securities Inc. raised its position in shares of STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after buying an additional 510 shares in the last quarter. Aew Capital Management L P grew its holdings 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 in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in STAG Industrial in the 4th quarter worth approximately $109,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Performance

STAG Industrial stock opened at $34.72 on Wednesday. The company’s 50-day moving average is $35.09 and its 200 day moving average is $36.14. The firm has a market capitalization of $6.48 billion, a P/E ratio of 33.38 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63.

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

STAG Industrial Increases Dividend

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

Insider Activity 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 shares were 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 directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STAG shares. Raymond James boosted their price objective 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. Royal Bank of Canada lowered their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Finally, Barclays lowered their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, STAG Industrial has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

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.