STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. reduced its holdings in STAG Industrial, Inc. (NYSE:STAG) by 1.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 171,788 shares of the real estate investment trust’s stock after selling 2,683 shares during the quarter. Dana Investment Advisors Inc.’s holdings in STAG Industrial were worth $5,810,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in STAG. Oregon Public Employees Retirement Fund lifted its stake in shares of STAG Industrial by 0.8% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock worth $1,256,000 after acquiring an additional 300 shares during the period. Values First Advisors Inc. raised its holdings in STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 307 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in 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 worth $407,000 after purchasing an additional 347 shares during the period. Peak Financial Advisors LLC boosted its stake 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 valued at $420,000 after purchasing an additional 356 shares in the last quarter. Finally, Hilltop National Bank increased its position in shares of 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 valued at $76,000 after purchasing an additional 362 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Performance

Shares of STAG opened at $36.58 on Friday. The company has a 50-day moving average of $34.48 and a two-hundred day moving average of $36.60. The stock has a market cap of $6.82 billion, a price-to-earnings ratio of 35.17 and a beta of 1.09. 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 one year low of $32.27 and a one year high of $41.63.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping 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, equities research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

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

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business’s 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 transaction, the director now directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on STAG shares. Royal Bank of Canada cut their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Raymond James raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Barclays dropped 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, STAG Industrial 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.