Ameriprise Financial Inc. Sells 14,930 Shares of STAG Industrial, Inc. (NYSE:STAG)

Ameriprise Financial Inc. decreased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 323,757 shares of the real estate investment trust’s stock after selling 14,930 shares during the period. Ameriprise Financial Inc. owned 0.18% of STAG Industrial worth $10,950,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in STAG Industrial by 30.1% in the 4th quarter. FMR LLC now owns 9,024,946 shares of the real estate investment trust’s stock worth $305,224,000 after purchasing an additional 2,088,839 shares during the last quarter. Earnest Partners LLC grew its position in STAG Industrial by 6.6% during the fourth quarter. Earnest Partners LLC now owns 3,795,425 shares of the real estate investment trust’s stock worth $128,361,000 after buying an additional 235,622 shares in the last quarter. Geode Capital Management LLC grew its position in STAG Industrial by 0.5% during the fourth quarter. Geode Capital Management LLC now owns 3,421,549 shares of the real estate investment trust’s stock worth $115,748,000 after buying an additional 18,009 shares in the last quarter. Channing Capital Management LLC increased its stake in STAG Industrial by 7.8% during the fourth quarter. Channing Capital Management LLC now owns 2,259,638 shares of the real estate investment trust’s stock valued at $76,421,000 after acquiring an additional 164,284 shares during the period. Finally, Norges Bank bought a new stake in shares of STAG Industrial in the 4th quarter worth approximately $75,471,000. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Performance

Shares of STAG Industrial stock opened at $35.86 on Tuesday. The stock has a market capitalization of $6.69 billion, a P/E ratio of 34.48 and a beta of 0.93. STAG Industrial, Inc. has a 12-month low of $28.61 and a 12-month 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 50-day simple moving average of $33.80 and a 200 day simple moving average of $34.75.

STAG Industrial (NYSE:STAG) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping the consensus estimate of $0.60 by $0.01. The company had revenue of $205.57 million during the quarter, compared to analyst estimates of $202.04 million. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. The company’s revenue was up 9.7% on a year-over-year basis. During the same quarter last year, the business posted $0.59 earnings per share. Research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.16%. The ex-dividend date is Monday, June 30th. STAG Industrial’s dividend payout ratio is currently 112.03%.

Analysts Set New Price Targets

A number of analysts have recently issued reports on STAG shares. Barclays lowered their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Robert W. Baird dropped their price objective on shares of STAG Industrial from $39.00 to $38.00 and set a “neutral” rating for the company in a research note on Wednesday, May 7th. Raymond James lifted their target price on shares of STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research report on Wednesday, May 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $38.00 price target on shares of STAG Industrial in a research report on Monday. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.63.

About STAG Industrial

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.