Cerity Partners LLC Sells 7,509 Shares of STAG Industrial, Inc. (NYSE:STAG)

Cerity Partners LLC lessened its position in STAG Industrial, Inc. (NYSE:STAG) by 40.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,265 shares of the real estate investment trust’s stock after selling 7,509 shares during the period. Cerity Partners LLC’s holdings in STAG Industrial were worth $381,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Swiss National Bank grew its stake in STAG Industrial by 0.8% during the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock worth $12,114,000 after purchasing an additional 2,800 shares during the period. KLP Kapitalforvaltning AS bought a new position in shares of STAG Industrial during the 4th quarter worth approximately $1,276,000. Congress Asset Management Co. grew its position in shares of STAG Industrial by 10.1% during the 4th quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock worth $7,472,000 after buying an additional 20,327 shares during the period. Asset Management One Co. Ltd. increased its stake in shares of STAG Industrial by 2.4% in the 4th quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust’s stock valued at $12,159,000 after acquiring an additional 8,259 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of STAG Industrial by 1.5% during the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust’s stock valued at $917,000 after acquiring an additional 402 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the company’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 in the company, valued at approximately $338,083.20. This represents a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Raymond James decreased their target price on STAG Industrial from $40.00 to $36.00 and set an “outperform” rating for the company in a research report on Monday, April 14th. Finally, Royal Bank of Canada cut their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $39.57.

STAG Industrial Stock Up 1.5 %

Shares of NYSE STAG opened at $32.57 on Wednesday. The firm’s fifty day moving average is $34.50 and its 200 day moving average is $35.25. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.08 billion, a price-to-earnings ratio of 31.32 and a beta of 0.96.

STAG Industrial (NYSE:STAG) last released its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share 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%. On average, equities research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Investors 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 4.57%. The ex-dividend date of this dividend is Monday, June 30th. STAG Industrial’s payout ratio is currently 143.27%.

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.