Miller Howard Investments Inc. NY Sells 28,252 Shares of STAG Industrial, Inc. (NYSE:STAG)

Miller Howard Investments Inc. NY trimmed its position in STAG Industrial, Inc. (NYSE:STAG) by 4.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 599,441 shares of the real estate investment trust’s stock after selling 28,252 shares during the quarter. Miller Howard Investments Inc. NY owned about 0.33% of STAG Industrial worth $20,273,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Creative Planning boosted its stake in STAG Industrial by 5.3% in the 2nd quarter. Creative Planning now owns 18,365 shares of the real estate investment trust’s stock worth $662,000 after purchasing an additional 918 shares during the period. Sanctuary Advisors LLC bought a new stake in STAG Industrial in the 2nd quarter valued at $335,000. GAMMA Investing LLC lifted its stake in STAG Industrial by 72.7% in the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after purchasing an additional 659 shares in the last quarter. Atomi Financial Group Inc. bought a new position in shares of STAG Industrial during the 3rd quarter valued at about $217,000. Finally, UMB Bank n.a. grew its position in shares of STAG Industrial by 54.1% during 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 in the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. Wells Fargo & Company dropped their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Barclays decreased their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada reduced their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, Raymond James lifted their price target 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 analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Stock Down 0.6 %

NYSE:STAG opened at $34.67 on Friday. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 35.02 and a beta of 1.09. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a fifty day simple moving average of $34.42 and a 200-day simple moving average of $37.15.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 150.51%.

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.