Crestwood Advisors Group LLC Decreases Stake in STAG Industrial, Inc. (NYSE:STAG)

Crestwood Advisors Group LLC cut its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 278,877 shares of the real estate investment trust’s stock after selling 12,522 shares during the quarter. Crestwood Advisors Group LLC’s holdings in STAG Industrial were worth $9,432,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Creative Planning boosted its holdings in STAG Industrial by 6.2% in the 3rd quarter. Creative Planning now owns 19,507 shares of the real estate investment trust’s stock worth $763,000 after buying an additional 1,142 shares during the period. Blue Trust Inc. lifted its position in shares of STAG Industrial by 133.5% during the third quarter. Blue Trust Inc. now owns 3,159 shares of the real estate investment trust’s stock worth $114,000 after acquiring an additional 1,806 shares in the last quarter. Signaturefd LLC boosted its holdings in shares of STAG Industrial by 27.0% in the third quarter. Signaturefd LLC now owns 2,995 shares of the real estate investment trust’s stock worth $117,000 after acquiring an additional 636 shares during the period. International Assets Investment Management LLC grew its position in shares of STAG Industrial by 3,828.9% in the third quarter. International Assets Investment Management LLC now owns 116,963 shares of the real estate investment trust’s stock valued at $4,572,000 after purchasing an additional 113,986 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. raised its stake in shares of STAG Industrial by 23.6% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 11,678 shares of the real estate investment trust’s stock valued at $456,000 after purchasing an additional 2,231 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.1 %

Shares of STAG opened at $35.17 on Monday. The firm’s 50 day simple moving average is $34.22 and its 200 day simple moving average is $36.78. The company has a market capitalization of $6.56 billion, a P/E ratio of 33.81 and a beta of 1.09. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. 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 (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 the consensus estimate of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. 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 company 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 of this dividend is Friday, February 28th. This is a positive change from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 4.25%. STAG Industrial’s dividend payout ratio is 143.27%.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Raymond James raised their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Barclays cut their price objective on shares of 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. Royal Bank of Canada decreased their target price on shares of 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, Wells Fargo & Company cut their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $40.38.

Insider Activity at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were 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 owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.10% of the stock is currently owned by insiders.

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.