Leeward Investments LLC MA Trims Position in STAG Industrial, Inc. (NYSE:STAG)

Leeward Investments LLC MA lessened its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 6.9% during the fourth quarter, HoldingsChannel reports. The firm owned 502,078 shares of the real estate investment trust’s stock after selling 37,435 shares during the quarter. Leeward Investments LLC MA’s holdings in STAG Industrial were worth $16,980,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. FMR LLC boosted its holdings in STAG Industrial by 145.5% in 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 acquiring an additional 4,111,268 shares during the last quarter. Geode Capital Management LLC boosted its holdings in STAG Industrial by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after acquiring an additional 21,925 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in STAG Industrial by 7.7% in 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 last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in STAG Industrial by 4.6% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,830,394 shares of the real estate investment trust’s stock valued at $61,905,000 after acquiring an additional 79,762 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in STAG Industrial by 36.0% in 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 last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Up 0.1 %

Shares of NYSE STAG opened at $35.17 on Friday. STAG Industrial, Inc. has a 1 year low of $32.27 and a 1 year high of $41.63. The firm has a market cap of $6.56 billion, a price-to-earnings ratio of 33.81 and a beta of 1.09. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The stock’s 50-day simple moving average is $34.22 and its 200-day simple moving average is $36.80.

STAG Industrial (NYSE:STAG) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) for the quarter, topping 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 anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The firm also recently announced 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. This represents a dividend yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. The ex-dividend date is Friday, February 28th. STAG Industrial’s payout ratio is presently 143.27%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on STAG. Raymond James lifted their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays reduced their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada reduced their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Finally, Wells Fargo & Company reduced their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $40.38.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now directly owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 1.10% of the company’s stock.

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.