STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Spirit of America Management Corp NY

Spirit of America Management Corp NY reduced its stake in STAG Industrial, Inc. (NYSE:STAG) by 6.5% in the fourth quarter, HoldingsChannel reports. The fund owned 42,950 shares of the real estate investment trust’s stock after selling 3,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in STAG Industrial were worth $1,453,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in the stock. FMR LLC lifted its stake in STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after purchasing an additional 4,111,268 shares during the last quarter. Bank of Montreal Can raised its holdings in shares of STAG Industrial by 330.5% during the third quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock valued at $52,823,000 after acquiring an additional 1,033,485 shares during the period. Westfield Capital Management Co. LP raised its holdings in shares of STAG Industrial by 36.0% during the third quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock valued at $65,303,000 after acquiring an additional 442,618 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of STAG Industrial by 7.7% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares during the period. Finally, Heitman Real Estate Securities LLC raised its holdings in shares of STAG Industrial by 19.8% during the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock valued at $41,588,000 after acquiring an additional 175,993 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on STAG shares. Wells Fargo & Company cut their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Finally, Royal Bank of Canada decreased their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, STAG Industrial has an average rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Stock Up 1.7 %

Shares of NYSE STAG opened at $34.39 on Wednesday. The stock has a market cap of $6.27 billion, a PE ratio of 34.73 and a beta of 1.09. The business has a fifty day moving average of $34.57 and a two-hundred day moving average of $37.24. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a $0.1242 dividend. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.33%. STAG Industrial’s dividend payout ratio (DPR) is presently 150.51%.

About STAG Industrial

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.