Cerity Partners LLC Sells 3,151 Shares of Stag Industrial, Inc. (NYSE:STAG)

Cerity Partners LLC lowered its holdings in Stag Industrial, Inc. (NYSE:STAG) by 28.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,114 shares of the real estate investment trust’s stock after selling 3,151 shares during the period. Cerity Partners LLC’s holdings in Stag Industrial were worth $293,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Versant Capital Management Inc grew its position in Stag Industrial by 204.9% in the first quarter. Versant Capital Management Inc now owns 753 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 506 shares in the last quarter. Tsfg LLC bought a new position in Stag Industrial in the first quarter valued at $32,000. Garde Capital Inc. bought a new position in Stag Industrial in the first quarter valued at $33,000. Proathlete Wealth Management LLC bought a new position in shares of Stag Industrial in the 1st quarter valued at about $47,000. Finally, Quarry LP bought a new position in shares of Stag Industrial in the 4th quarter valued at about $62,000. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a “sector perform” rating and issued a $38.00 price objective on shares of Stag Industrial in a research report on Monday, May 19th. Raymond James Financial lifted their price objective 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, Robert W. Baird decreased 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 report on Wednesday, May 7th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $39.71.

Stag Industrial Stock Performance

Shares of STAG stock opened at $35.60 on Monday. The company has a market capitalization of $6.64 billion, a price-to-earnings ratio of 26.77 and a beta of 0.93. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.25 and a current ratio of 1.25. The company has a 50-day simple moving average of $35.99 and a 200 day simple moving average of $34.91. Stag Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63.

Stag Industrial (NYSE:STAG) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. The business had revenue of $205.57 million during the quarter, compared to the consensus estimate of $202.04 million. Stag Industrial had a net margin of 31.05% and a return on equity of 7.04%. Stag Industrial’s revenue was up 9.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. On average, sell-side analysts predict that Stag Industrial, Inc. will post 2.47 earnings per share for the current year.

Stag Industrial Announces Dividend

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

Insider Activity at Stag Industrial

In related news, Director Benjamin S. Butcher sold 28,843 shares of Stag Industrial stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total transaction of $1,064,306.70. Following the completion of the sale, the director owned 7,115 shares of the company’s stock, valued at approximately $262,543.50. The trade was a 80.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.

Stag Industrial 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.