LDR Capital Management LLC Cuts Holdings in STAG Industrial, Inc. (NYSE:STAG)

LDR Capital Management LLC reduced its position in STAG Industrial, Inc. (NYSE:STAG) by 67.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 14,204 shares of the real estate investment trust’s stock after selling 29,554 shares during the period. LDR Capital Management LLC’s holdings in STAG Industrial were worth $480,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the company. Hudson Edge Investment Partners Inc. increased its stake in STAG Industrial by 5.0% in the 4th quarter. Hudson Edge Investment Partners Inc. now owns 15,186 shares of the real estate investment trust’s stock valued at $514,000 after purchasing an additional 730 shares in the last quarter. Handelsbanken Fonder AB increased its stake in STAG Industrial by 8.9% in the 4th quarter. Handelsbanken Fonder AB now owns 54,802 shares of the real estate investment trust’s stock valued at $1,853,000 after purchasing an additional 4,500 shares in the last quarter. Pasadena Private Wealth LLC increased its stake in STAG Industrial by 20.7% in the 4th quarter. Pasadena Private Wealth LLC now owns 21,122 shares of the real estate investment trust’s stock valued at $714,000 after purchasing an additional 3,622 shares in the last quarter. New York State Common Retirement Fund increased its stake in STAG Industrial by 15.7% in the 4th quarter. New York State Common Retirement Fund now owns 1,084,284 shares of the real estate investment trust’s stock valued at $36,670,000 after purchasing an additional 146,942 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in STAG Industrial in the 4th quarter valued at approximately $109,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Stock Up 0.1 %

Shares of STAG Industrial stock opened at $35.17 on Friday. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The firm has a market cap of $6.56 billion, a P/E ratio of 33.81 and a beta of 1.09. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The business has a 50-day moving average price of $34.22 and a 200 day moving average price of $36.82.

STAG Industrial (NYSE:STAG) last issued its 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%. On average, sell-side analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 17th. Stockholders of record on Monday, March 3rd will be given a dividend of $0.1242 per share. The ex-dividend date is Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 4.25%. STAG Industrial’s payout ratio is currently 143.27%.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction 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 completion of the sale, 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

STAG has been the subject of several recent research reports. Barclays dropped their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Wells Fargo & Company dropped their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. 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 raised their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target 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.