Allworth Financial LP Has $48,000 Stock Holdings in Stag Industrial, Inc. (NYSE:STAG)

Allworth Financial LP trimmed its stake in shares of Stag Industrial, Inc. (NYSE:STAG) by 20.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,440 shares of the real estate investment trust’s stock after selling 381 shares during the quarter. Allworth Financial LP’s holdings in Stag Industrial were worth $48,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of STAG. Proficio Capital Partners LLC acquired a new stake in Stag Industrial during the 4th quarter worth approximately $470,000. Sequoia Financial Advisors LLC boosted its position in shares of Stag Industrial by 6.1% in the fourth quarter. Sequoia Financial Advisors LLC now owns 6,773 shares of the real estate investment trust’s stock valued at $229,000 after acquiring an additional 387 shares during the period. Swiss National Bank grew its stake in shares of Stag Industrial by 0.8% in the fourth quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock valued at $12,114,000 after acquiring an additional 2,800 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in Stag Industrial by 2.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 15,808 shares of the real estate investment trust’s stock worth $535,000 after acquiring an additional 394 shares during the period. Finally, Cibc World Markets Corp increased its position in Stag Industrial by 58.0% during the fourth quarter. Cibc World Markets Corp now owns 76,047 shares of the real estate investment trust’s stock worth $2,572,000 after acquiring an additional 27,920 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 28,843 shares of the stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the transaction, the director owned 7,115 shares of the company’s stock, valued at approximately $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.10% of the company’s stock.

Stag Industrial Stock Performance

Shares of Stag Industrial stock opened at $35.63 on Friday. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.86. The company has a market cap of $6.65 billion, a PE ratio of 26.79 and a beta of 0.93. The company has a 50 day moving average of $35.95 and a 200-day moving average of $34.80. Stag Industrial, Inc. has a 1-year low of $28.61 and a 1-year high of $41.63.

Stag Industrial (NYSE:STAG) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Stag Industrial had a return on equity of 7.04% and a net margin of 31.05%. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same quarter last year, the business posted $0.59 EPS. The company’s revenue was up 9.7% compared to the same quarter last year. As a group, equities research analysts forecast that Stag Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

Stag Industrial Dividend Announcement

The firm also recently announced a dividend, which will be paid on Friday, August 15th. Shareholders of record on Friday, August 1st will be given a $0.1242 dividend. This represents a yield of 4.22%. The ex-dividend date is Thursday, July 31st. Stag Industrial’s dividend payout ratio is presently 112.03%.

Analysts Set New Price Targets

STAG has been the topic of a number of analyst reports. Raymond James Financial increased their target price on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a research report on Wednesday, May 7th. Robert W. Baird reduced their price target on Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 7th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $38.00 price objective on shares of Stag Industrial in a report on Monday, May 19th. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $39.71.

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.