Smithfield Trust Co Has $84,000 Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Smithfield Trust Co decreased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 10.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,496 shares of the real estate investment trust’s stock after selling 296 shares during the quarter. Smithfield Trust Co’s holdings in STAG Industrial were worth $84,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sugar Maple Asset Management LLC acquired a new stake in STAG Industrial in the fourth quarter worth about $43,000. Coastline Trust Co acquired a new position in STAG Industrial in the third quarter valued at approximately $55,000. Hilltop National Bank lifted its holdings in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 362 shares during the period. Principal Securities Inc. lifted its holdings in STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after buying an additional 510 shares during the period. Finally, Aew Capital Management L P grew its stake in shares of STAG Industrial by 52.4% during the fourth quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock worth $108,000 after purchasing an additional 1,100 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Stock Up 3.1 %

STAG Industrial stock opened at $37.14 on Thursday. The company has a 50 day moving average of $34.42 and a 200-day moving average of $36.60. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The stock has a market capitalization of $6.93 billion, a PE ratio of 35.71 and a beta of 1.09. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86.

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

STAG Industrial Increases Dividend

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

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This represents a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

STAG has been the subject of a number of analyst reports. Barclays decreased their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Royal Bank of Canada cut their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Finally, Raymond James increased their price target 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. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average 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.