STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Level Four Advisory Services LLC

Level Four Advisory Services LLC lowered its stake in STAG Industrial, Inc. (NYSE:STAG) by 6.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,833 shares of the real estate investment trust’s stock after selling 495 shares during the period. Level Four Advisory Services LLC’s holdings in STAG Industrial were worth $231,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Oregon Public Employees Retirement Fund grew its position in 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 valued at $1,256,000 after buying an additional 300 shares during the last quarter. Values First Advisors Inc. lifted its stake in shares of STAG Industrial by 2.2% in the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after acquiring an additional 307 shares during the period. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of 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 valued at $407,000 after acquiring an additional 347 shares in the last quarter. Peak Financial Advisors LLC raised its holdings in STAG Industrial by 3.0% during the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 356 shares in the last quarter. Finally, Hilltop National Bank lifted its position 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 purchasing an additional 362 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.2 %

Shares of STAG stock opened at $36.21 on Wednesday. The stock has a market cap of $6.76 billion, a P/E ratio of 34.81 and a beta of 1.05. 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, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The business has a fifty day simple moving average of $35.24 and a 200-day simple moving average of $36.01.

STAG Industrial (NYSE:STAG) last posted its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating 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%. On average, analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on STAG. Barclays lowered their price objective 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. 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 research report on Monday, January 27th. Finally, Raymond James raised 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

Insider Buying and Selling at STAG Industrial

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

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.