STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership cut its stake in STAG Industrial, Inc. (NYSE:STAG) by 30.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 77,329 shares of the real estate investment trust’s stock after selling 33,352 shares during the quarter. STAG Industrial comprises about 1.6% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 11th largest holding. Foresight Group Ltd Liability Partnership’s holdings in STAG Industrial were worth $2,609,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Hennion & Walsh Asset Management Inc. increased its holdings in shares of STAG Industrial by 3.0% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after purchasing an additional 347 shares during the period. Stolper Co raised its holdings in STAG Industrial by 1.3% during the fourth quarter. Stolper Co now owns 51,957 shares of the real estate investment trust’s stock worth $1,757,000 after purchasing an additional 680 shares in the last quarter. Peak Financial Advisors LLC increased its position in STAG Industrial by 3.0% during the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 356 shares during the period. Park Avenue Securities LLC grew its holdings in STAG Industrial by 40.3% during the fourth quarter. Park Avenue Securities LLC now owns 7,284 shares of the real estate investment trust’s stock worth $246,000 after acquiring an additional 2,091 shares during the period. Finally, Bridge Creek Capital Management LLC raised its position in STAG Industrial by 0.4% in the fourth quarter. Bridge Creek Capital Management LLC now owns 142,417 shares of the real estate investment trust’s stock worth $4,817,000 after acquiring an additional 600 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STAG. Raymond James increased their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Wells Fargo & Company dropped their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Finally, Barclays lowered their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, STAG Industrial has an average rating of “Moderate Buy” and a consensus price target of $41.00.

STAG Industrial Price Performance

STAG Industrial stock opened at $34.64 on Friday. The company has a market cap of $6.31 billion, a price-to-earnings ratio of 34.99 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a 50 day moving average price of $35.19 and a 200 day moving average price of $37.49. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.30%. STAG Industrial’s dividend payout ratio is presently 149.49%.

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.