Clean Yield Group Trims Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Clean Yield Group lowered its position in STAG Industrial, Inc. (NYSE:STAG) by 3.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 76,927 shares of the real estate investment trust’s stock after selling 2,672 shares during the quarter. Clean Yield Group’s holdings in STAG Industrial were worth $2,602,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. UMB Bank n.a. grew its stake in STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 306 shares during the last quarter. Coastline Trust Co acquired a new position in shares of STAG Industrial during the third quarter worth $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of STAG Industrial during the 2nd quarter valued at $57,000. GAMMA Investing LLC grew its stake in STAG Industrial by 72.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after buying an additional 659 shares during the last quarter. Finally, Hilltop National Bank increased its position in STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 362 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

Shares of NYSE:STAG traded up $0.32 during trading on Monday, hitting $32.71. 615,390 shares of the stock traded hands, compared to its average volume of 1,064,492. The company has a fifty day moving average price of $35.48 and a two-hundred day moving average price of $37.57. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63. The company has a market cap of $5.96 billion, a price-to-earnings ratio of 33.04 and a beta of 1.09. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Announces Dividend

The company also recently announced a jan 25 dividend, which will be paid on Tuesday, February 18th. Stockholders of record on Friday, January 31st will be paid a dividend of $0.1242 per share. STAG Industrial’s payout ratio is currently 149.49%.

Analyst Ratings Changes

STAG has been the topic of several recent analyst reports. Raymond James upped their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays decreased their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Finally, Wells Fargo & Company cut their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

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.