STAG Industrial, Inc. (NYSE:STAG) Stock Holdings Decreased by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC reduced its position in STAG Industrial, Inc. (NYSE:STAGGet Rating) by 4.7% during the 1st quarter, HoldingsChannel.com reports. The fund owned 1,321,136 shares of the real estate investment trust’s stock after selling 64,886 shares during the quarter. STAG Industrial makes up about 0.7% of Wedge Capital Management L L P NC’s holdings, making the stock its 23rd largest holding. Wedge Capital Management L L P NC’s holdings in STAG Industrial were worth $54,629,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in STAG. Confluence Wealth Services Inc. purchased a new position in shares of STAG Industrial in the fourth quarter worth approximately $26,000. UMB Bank N A MO purchased a new position in shares of STAG Industrial in the fourth quarter worth approximately $34,000. USA Financial Portformulas Corp purchased a new position in shares of STAG Industrial in the fourth quarter worth approximately $39,000. Lazard Asset Management LLC boosted its holdings in shares of STAG Industrial by 95.1% during the fourth quarter. Lazard Asset Management LLC now owns 1,403 shares of the real estate investment trust’s stock worth $67,000 after purchasing an additional 684 shares during the period. Finally, Allworth Financial LP boosted its holdings in shares of STAG Industrial by 165.3% during the fourth quarter. Allworth Financial LP now owns 1,576 shares of the real estate investment trust’s stock worth $76,000 after purchasing an additional 982 shares during the period. 84.18% of the stock is currently owned by institutional investors and hedge funds.

NYSE STAG traded down $0.14 during trading on Wednesday, reaching $30.42. The company’s stock had a trading volume of 4,284 shares, compared to its average volume of 1,261,926. The company has a current ratio of 1.83, a quick ratio of 1.83 and a debt-to-equity ratio of 0.66. The stock has a market capitalization of $5.45 billion, a PE ratio of 23.51, a PEG ratio of 2.84 and a beta of 1.00. The business has a 50-day moving average price of $35.05 and a 200-day moving average price of $39.70. STAG Industrial, Inc. has a 1-year low of $30.12 and a 1-year high of $48.27.

STAG Industrial (NYSE:STAGGet Rating) last posted its earnings results on Tuesday, May 3rd. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.22). The business had revenue of $159.21 million during the quarter, compared to analyst estimates of $156.38 million. STAG Industrial had a net margin of 37.63% and a return on equity of 7.01%. STAG Industrial’s revenue was up 18.8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.49 earnings per share. As a group, analysts expect that STAG Industrial, Inc. will post 2.17 earnings per share for the current year.

The firm also recently announced a monthly dividend, which will be paid on Friday, July 15th. Shareholders of record on Thursday, June 30th will be paid a $0.1217 dividend. This represents a $1.46 dividend on an annualized basis and a yield of 4.80%. The ex-dividend date of this dividend is Wednesday, June 29th. STAG Industrial’s dividend payout ratio (DPR) is presently 112.31%.

In other news, CEO Benjamin S. Butcher sold 15,000 shares of the business’s stock in a transaction on Thursday, March 31st. The shares were sold at an average price of $41.98, for a total value of $629,700.00. Following the completion of the sale, the chief executive officer now directly owns 22,088 shares in the company, valued at $927,254.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by insiders.

STAG has been the subject of several research reports. Wells Fargo & Company decreased their price target on shares of STAG Industrial from $46.00 to $43.00 and set an “overweight” rating for the company in a report on Monday, June 6th. StockNews.com initiated coverage on shares of STAG Industrial in a report on Thursday, March 31st. They set a “hold” rating for the company. Finally, Raymond James decreased their price target on shares of STAG Industrial from $50.00 to $47.00 and set an “outperform” rating for the company in a report on Tuesday, February 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $46.00.

About STAG Industrial (Get Rating)

STAG Industrial, Inc (NYSE: STAG) is a real estate investment trust focused on the acquisition and operation of single-tenant, industrial properties throughout the United States. By targeting this type of property, STAG has developed an investment strategy that helps investors find a powerful balance of income plus growth.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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