Beck Capital Management LLC Sells 686 Shares of STAG Industrial, Inc. (NYSE:STAG)

Beck Capital Management LLC cut its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,921 shares of the real estate investment trust’s stock after selling 686 shares during the quarter. Beck Capital Management LLC’s holdings in STAG Industrial were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of STAG. MML Investors Services LLC lifted its holdings in shares of STAG Industrial by 22.2% during the 3rd quarter. MML Investors Services LLC now owns 10,338 shares of the real estate investment trust’s stock worth $404,000 after acquiring an additional 1,877 shares during the last quarter. Sanctuary Advisors LLC boosted its stake in STAG Industrial by 122.0% in the third quarter. Sanctuary Advisors LLC now owns 21,583 shares of the real estate investment trust’s stock worth $787,000 after buying an additional 11,859 shares in the last quarter. Hilltop National Bank grew its position in STAG Industrial by 19.2% during the fourth 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. Bridge Creek Capital Management LLC raised its stake in shares of STAG Industrial by 0.4% during 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. Finally, Park Avenue Securities LLC lifted its holdings in shares of STAG Industrial by 40.3% in the 4th 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 last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company’s 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 transaction, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on STAG. Barclays reduced their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Royal Bank of Canada decreased their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, Raymond James lowered their target price on STAG Industrial from $40.00 to $36.00 and set an “outperform” rating for the company in a research note on Monday, April 14th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $39.57.

STAG Industrial Price Performance

STAG stock opened at $32.57 on Wednesday. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average price is $34.50 and its two-hundred day moving average price is $35.25. The stock has a market capitalization of $6.08 billion, a price-to-earnings ratio of 31.32 and a beta of 0.96. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63.

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

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a $0.1242 dividend. This represents a $1.49 annualized dividend and a yield of 4.57%. The ex-dividend date is Monday, June 30th. STAG Industrial’s dividend payout ratio (DPR) is currently 143.27%.

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.