STAG Industrial, Inc. (NYSE:STAG) Stock Position Decreased by SG Americas Securities LLC

SG Americas Securities LLC cut its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 88.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,939 shares of the real estate investment trust’s stock after selling 30,917 shares during the period. SG Americas Securities LLC’s holdings in STAG Industrial were worth $155,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Ipswich Investment Management Co. Inc. grew its holdings in STAG Industrial by 1.5% in the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock valued at $721,000 after buying an additional 300 shares during the last quarter. Integrated Investment Consultants LLC grew its holdings in STAG Industrial by 2.4% in the 3rd quarter. Integrated Investment Consultants LLC now owns 13,196 shares of the real estate investment trust’s stock valued at $455,000 after buying an additional 309 shares during the last quarter. Metis Global Partners LLC grew its holdings in STAG Industrial by 3.0% in the 3rd quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock valued at $364,000 after buying an additional 311 shares during the last quarter. Mariner LLC grew its holdings in STAG Industrial by 1.0% in the 3rd quarter. Mariner LLC now owns 33,229 shares of the real estate investment trust’s stock valued at $1,147,000 after buying an additional 339 shares during the last quarter. Finally, Cim Investment Management Inc. grew its holdings in STAG Industrial by 3.6% in the 1st quarter. Cim Investment Management Inc. now owns 10,026 shares of the real estate investment trust’s stock valued at $339,000 after buying an additional 345 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

STAG Industrial Price Performance

Shares of STAG stock opened at $36.19 on Tuesday. The stock’s fifty day simple moving average is $37.73 and its 200 day simple moving average is $36.79. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a market cap of $6.58 billion, a price-to-earnings ratio of 33.51, a P/E/G ratio of 5.23 and a beta of 1.02. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $39.61.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be paid a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.09%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio is 137.04%.

Analyst Ratings Changes

STAG has been the topic of a number of research analyst reports. Royal Bank of Canada raised their target price on STAG Industrial from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Friday, February 16th. BMO Capital Markets reissued an “outperform” rating and set a $42.00 price objective (up previously from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Barclays assumed coverage on STAG Industrial in a report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price objective on the stock. Finally, Robert W. Baird reissued a “neutral” rating and set a $41.00 price objective (up previously from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, STAG Industrial has a consensus rating of “Hold” and an average price target of $39.13.

STAG Industrial Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.