Motley Fool Wealth Management LLC Sells 4,219 Shares of STAG Industrial, Inc. (NYSE:STAG)

Motley Fool Wealth Management LLC cut its position in STAG Industrial, Inc. (NYSE:STAG) by 1.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 300,863 shares of the real estate investment trust’s stock after selling 4,219 shares during the period. Motley Fool Wealth Management LLC’s holdings in STAG Industrial were worth $11,814,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the company. Kovack Advisors Inc. raised its position in STAG Industrial by 15.5% in the fourth quarter. Kovack Advisors Inc. now owns 10,382 shares of the real estate investment trust’s stock valued at $408,000 after purchasing an additional 1,395 shares during the last quarter. Motley Fool Asset Management LLC raised its position in shares of STAG Industrial by 7.8% during the fourth quarter. Motley Fool Asset Management LLC now owns 62,465 shares of the real estate investment trust’s stock worth $2,452,000 after acquiring an additional 4,509 shares during the last quarter. VCI Wealth Management LLC bought a new position in shares of STAG Industrial during the fourth quarter worth about $830,000. Bailard Inc. bought a new position in shares of STAG Industrial during the fourth quarter worth about $850,000. Finally, Yousif Capital Management LLC raised its position in shares of STAG Industrial by 8.4% during the fourth quarter. Yousif Capital Management LLC now owns 90,653 shares of the real estate investment trust’s stock worth $3,559,000 after acquiring an additional 7,035 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

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

STAG Industrial Trading Down 0.2 %

NYSE STAG traded down $0.06 during trading hours on Friday, hitting $34.48. 1,268,933 shares of the company’s stock were exchanged, compared to its average volume of 960,383. The stock has a 50-day simple moving average of $37.20 and a 200 day simple moving average of $36.82. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $39.61. The firm has a market cap of $6.27 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 4.87 and a beta of 1.02. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76.

STAG Industrial Dividend Announcement

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 paid 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 dividend payout ratio (DPR) is presently 137.04%.

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.