Alliancebernstein L.P. Reduces Position in STAG Industrial, Inc. (NYSE:STAG)

Alliancebernstein L.P. trimmed its position in STAG Industrial, Inc. (NYSE:STAG) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,667,594 shares of the real estate investment trust’s stock after selling 10,021 shares during the quarter. Alliancebernstein L.P. owned approximately 2.01% of STAG Industrial worth $124,038,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of STAG. Oregon Public Employees Retirement Fund raised its stake in STAG Industrial by 0.8% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock valued at $1,256,000 after buying an additional 300 shares in the last quarter. Values First Advisors Inc. increased its holdings in shares of STAG Industrial by 2.2% in the 4th quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock valued at $492,000 after acquiring an additional 307 shares during the last quarter. Hennion & Walsh Asset Management Inc. raised its position in shares of STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after acquiring an additional 347 shares in the last quarter. Peak Financial Advisors LLC lifted its stake in STAG Industrial by 3.0% during the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 356 shares during the last quarter. Finally, Hilltop National Bank boosted its holdings in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Trading Down 0.1 %

NYSE STAG opened at $36.18 on Thursday. The firm’s fifty day moving average is $35.29 and its two-hundred day moving average is $36.01. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The firm has a market cap of $6.75 billion, a PE ratio of 34.79 and a beta of 1.05.

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 (EPS) for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. Analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were paid a dividend of $0.1242 per share. This represents a dividend yield of 4.25%. The ex-dividend date was Friday, February 28th. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is 143.27%.

Analyst Ratings Changes

Several brokerages have recently weighed in on STAG. Barclays reduced their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Royal Bank of Canada decreased their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Finally, Raymond James lifted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, STAG Industrial currently has an average rating of “Moderate Buy” and an average target price of $40.38.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total value of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares in the company, valued at $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.10% of the stock is currently owned by insiders.

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.