Trek Financial LLC Sells 168,884 Shares of STAG Industrial, Inc. (NYSE:STAG)

Trek Financial LLC lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 61.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 107,613 shares of the real estate investment trust’s stock after selling 168,884 shares during the period. Trek Financial LLC owned 0.06% of STAG Industrial worth $3,639,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Cetera Advisor Networks LLC increased its holdings in shares of STAG Industrial by 15.0% during the first quarter. Cetera Advisor Networks LLC now owns 9,087 shares of the real estate investment trust’s stock worth $376,000 after purchasing an additional 1,188 shares during the period. Great West Life Assurance Co. Can raised its holdings in STAG Industrial by 5.3% during the 1st quarter. Great West Life Assurance Co. Can now owns 152,981 shares of the real estate investment trust’s stock worth $6,569,000 after purchasing an additional 7,714 shares during the last quarter. Sei Investments Co. lifted its position in shares of STAG Industrial by 4.4% in the 1st quarter. Sei Investments Co. now owns 171,667 shares of the real estate investment trust’s stock worth $7,142,000 after purchasing an additional 7,227 shares during the period. Allianz Asset Management GmbH boosted its stake in shares of STAG Industrial by 10.2% in the 1st quarter. Allianz Asset Management GmbH now owns 111,680 shares of the real estate investment trust’s stock valued at $4,618,000 after purchasing an additional 10,365 shares during the last quarter. Finally, Cetera Investment Advisers increased its position in shares of STAG Industrial by 23.0% during the first quarter. Cetera Investment Advisers now owns 6,204 shares of the real estate investment trust’s stock worth $257,000 after buying an additional 1,161 shares during the period. Institutional investors and hedge funds own 88.68% of the company’s stock.

STAG Industrial Stock Performance

STAG stock opened at $36.59 on Friday. The business’s fifty day simple moving average is $36.54 and its two-hundred day simple moving average is $34.96. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 0.71. The firm has a market cap of $6.57 billion, a price-to-earnings ratio of 33.56, a PEG ratio of 5.15 and a beta of 1.00. STAG Industrial, Inc. has a twelve month low of $26.56 and a twelve month high of $38.83.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, October 16th. Investors of record on Friday, September 29th will be paid a $0.1225 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.47 annualized dividend and a yield of 4.02%. STAG Industrial’s dividend payout ratio (DPR) is currently 134.86%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on STAG shares. Raymond James raised their target price on STAG Industrial from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 8th. Citigroup increased their price objective on STAG Industrial from $33.00 to $37.00 and gave the stock a “neutral” rating in a research report on Friday, August 11th. Royal Bank of Canada reissued an “outperform” rating and set a $42.00 price target on shares of STAG Industrial in a research report on Thursday, August 17th. Wells Fargo & Company boosted their price target on STAG Industrial from $33.00 to $37.00 and gave the company an “equal weight” rating in a report on Monday, August 7th. Finally, StockNews.com began coverage on STAG Industrial in a research report on Thursday, August 17th. They issued a “hold” rating on the stock. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $38.43.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 30,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $36.47, for a total value of $1,094,100.00. Following the completion of the sale, the director now owns 7,088 shares in the company, valued at approximately $258,499.36. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.