Federated Hermes Inc. Trims Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Federated Hermes Inc. cut its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 59.6% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 119,052 shares of the real estate investment trust’s stock after selling 175,377 shares during the quarter. Federated Hermes Inc.’s holdings in STAG Industrial were worth $4,026,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in STAG. Geode Capital Management LLC increased its stake in shares of 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 worth $133,077,000 after buying an additional 21,925 shares during the last quarter. Swiss National Bank grew its holdings in STAG Industrial by 0.8% during the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock worth $12,114,000 after acquiring an additional 2,800 shares in the last quarter. Stifel Financial Corp increased its position in shares of STAG Industrial by 5.6% in the 3rd quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust’s stock worth $2,044,000 after purchasing an additional 2,795 shares during the last quarter. Congress Asset Management Co. raised its stake in shares of STAG Industrial by 10.1% in the 4th quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock valued at $7,472,000 after purchasing an additional 20,327 shares in the last quarter. Finally, KLP Kapitalforvaltning AS bought a new position in shares of STAG Industrial during the fourth quarter worth about $1,276,000. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Trading Up 1.6 %

Shares of NYSE STAG opened at $31.39 on Friday. The company has a market cap of $5.86 billion, a price-to-earnings ratio of 30.18 and a beta of 0.96. The stock’s 50 day simple moving average is $34.83 and its 200 day simple moving average is $35.54. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $41.63.

STAG Industrial (NYSE:STAG) last announced 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 net margin of 24.64% and a return on equity of 5.51%. Equities research analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a yield of 4.75%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial’s payout ratio is currently 143.27%.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Royal Bank of Canada lowered their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Barclays dropped their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.14.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the transaction, the director now owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 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.