Belpointe Asset Management LLC Decreases Stake in STAG Industrial, Inc. (NYSE:STAG)

Belpointe Asset Management LLC lowered its position in STAG Industrial, Inc. (NYSE:STAG – Get Rating) by 20.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,175 shares of the real estate investment trust’s stock after selling 821 shares during the quarter. Belpointe Asset Management LLC’s holdings in STAG Industrial were worth $103,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in STAG Industrial by 1.0% in the third quarter. Vanguard Group Inc. now owns 26,016,580 shares of the real estate investment trust’s stock worth $739,651,000 after acquiring an additional 253,301 shares during the last quarter. State Street Corp lifted its position in shares of STAG Industrial by 2.3% during the 2nd quarter. State Street Corp now owns 8,755,891 shares of the real estate investment trust’s stock worth $271,402,000 after buying an additional 194,699 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of STAG Industrial by 5.9% during the 2nd quarter. Goldman Sachs Group Inc. now owns 3,148,777 shares of the real estate investment trust’s stock worth $97,234,000 after buying an additional 175,758 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of STAG Industrial by 3.9% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,755,162 shares of the real estate investment trust’s stock worth $113,926,000 after buying an additional 102,310 shares during the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of STAG Industrial by 2.3% during the 1st quarter. Federated Hermes Inc. now owns 2,495,198 shares of the real estate investment trust’s stock worth $103,176,000 after buying an additional 55,262 shares during the last quarter. Hedge funds and other institutional investors own 85.21% of the company’s stock.

Insider Activity at STAG Industrial

In related news, insider Benjamin S. Butcher sold 3,220 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $35.02, for a total value of $112,764.40. Following the sale, the insider now directly owns 3,868 shares of the company’s stock, valued at approximately $135,457.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Benjamin S. Butcher sold 3,220 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $35.02, for a total value of $112,764.40. Following the sale, the insider now directly owns 3,868 shares of the company’s stock, valued at approximately $135,457.36. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Benjamin S. Butcher sold 19,923 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $34.69, for a total transaction of $691,128.87. Following the completion of the sale, the insider now directly owns 7,088 shares in the company, valued at $245,882.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 47,054 shares of company stock valued at $1,564,741. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently weighed in on STAG shares. BMO Capital Markets started coverage on shares of STAG Industrial in a research report on Monday, February 6th. They set an “outperform” rating and a $41.00 price objective for the company. JPMorgan Chase & Co. boosted their price objective on shares of STAG Industrial from $34.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, February 23rd. Finally, StockNews.com started coverage on shares of STAG Industrial in a research report on Thursday. They set a “hold” rating for the company. Three analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, STAG Industrial has a consensus rating of “Moderate Buy” and a consensus target price of $37.83.

STAG Industrial Stock Performance

Shares of STAG opened at $34.43 on Friday. The company has a 50-day simple moving average of $33.44 and a 200-day simple moving average of $33.56. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.72. The company has a market capitalization of $6.18 billion, a PE ratio of 35.13, a P/E/G ratio of 7.32 and a beta of 1.02. STAG Industrial, Inc. has a 52-week low of $26.56 and a 52-week high of $37.15.

STAG Industrial Increases Dividend

The firm also recently disclosed a monthly dividend, which was paid on Monday, May 15th. Investors of record on Friday, April 28th were paid a $0.123 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.29%. This is a boost from STAG Industrial’s previous monthly dividend of $0.12. The ex-dividend date of this dividend was Thursday, April 27th. STAG Industrial’s dividend payout ratio is presently 150.00%.

STAG Industrial Profile

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STAG Industrial, Inc is a real estate investment trust, which focuses on acquisition, ownership and operation of single-tenant, industrial properties throughout the United States. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.