STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA decreased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 534,692 shares of the real estate investment trust’s stock after selling 4,143 shares during the quarter. STAG Industrial accounts for approximately 1.0% of Leeward Investments LLC MA’s portfolio, making the stock its 23rd largest holding. Leeward Investments LLC MA owned 0.29% of STAG Industrial worth $20,992,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Fifth Third Bancorp grew its stake in shares of STAG Industrial by 31.4% during the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock worth $47,000 after purchasing an additional 284 shares during the period. Ipswich Investment Management Co. Inc. grew its stake in shares of STAG Industrial by 1.5% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 300 shares during the period. Verdence Capital Advisors LLC grew its stake in shares of STAG Industrial by 3.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 301 shares during the period. Metis Global Partners LLC grew its stake in shares of STAG Industrial by 3.0% during the 3rd quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock worth $364,000 after purchasing an additional 311 shares during the period. Finally, Cornercap Investment Counsel Inc. grew its stake in shares of STAG Industrial by 1.2% during the 4th quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust’s stock worth $1,070,000 after purchasing an additional 324 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Trading Down 0.2 %

Shares of STAG stock opened at $34.48 on Friday. The stock’s fifty day moving average is $37.20 and its two-hundred day moving average is $36.81. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. The firm has a market capitalization of $6.27 billion, a P/E ratio of 31.93, a PEG ratio of 4.88 and a beta of 1.02. STAG Industrial, Inc. has a fifty-two week low of $31.69 and a fifty-two week high of $39.61.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 dividend on an annualized basis and a yield of 4.29%. STAG Industrial’s payout ratio is currently 137.04%.

Analyst Ratings Changes

STAG has been the topic of a number of analyst reports. Royal Bank of Canada raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. Robert W. Baird reiterated a “neutral” rating and set a $41.00 target price (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Barclays began coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 target price on the stock. Finally, BMO Capital Markets reiterated an “outperform” rating and set a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Six equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.13.

About STAG Industrial

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.