Anchor Capital Advisors LLC Sells 434 Shares of STAG Industrial, Inc. (NYSE:STAG)

Anchor Capital Advisors LLC decreased its holdings in STAG Industrial, Inc. (NYSE:STAG) by 1.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,365 shares of the real estate investment trust’s stock after selling 434 shares during the period. Anchor Capital Advisors LLC’s holdings in STAG Industrial were worth $1,244,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Fifth Third Bancorp increased its position in STAG Industrial by 31.4% during the fourth quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock valued at $47,000 after acquiring an additional 284 shares during the last quarter. Verdence Capital Advisors LLC increased its position in STAG Industrial by 3.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust’s stock valued at $340,000 after acquiring an additional 301 shares during the last quarter. Cornercap Investment Counsel Inc. increased its position in STAG Industrial by 1.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust’s stock valued at $1,070,000 after acquiring an additional 324 shares during the last quarter. Xponance Inc. increased its position in STAG Industrial by 1.6% during the fourth quarter. Xponance Inc. now owns 21,838 shares of the real estate investment trust’s stock valued at $857,000 after acquiring an additional 338 shares during the last quarter. Finally, Insight Folios Inc increased its position in STAG Industrial by 4.1% during the first quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust’s stock valued at $334,000 after acquiring an additional 341 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Benjamin S. Butcher sold 30,000 shares of the business’s stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $34.81, for a total value of $1,044,300.00. Following the sale, the director now directly owns 8,304 shares in the company, valued at $289,062.24. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is owned by company insiders.

STAG Industrial Price Performance

Shares of NYSE STAG traded up $0.37 during mid-day trading on Monday, reaching $37.97. The company’s stock had a trading volume of 521,816 shares, compared to its average volume of 1,106,421. The firm has a market capitalization of $6.91 billion, a PE ratio of 38.02, a P/E/G ratio of 5.31 and a beta of 1.09. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.75. The stock has a fifty day moving average of $35.51 and a two-hundred day moving average of $36.77. STAG Industrial, Inc. has a 52 week low of $31.69 and a 52 week high of $39.61.

STAG Industrial Cuts Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.1233 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.90%. STAG Industrial’s dividend payout ratio is currently 148.00%.

Analyst Ratings Changes

STAG has been the subject of several recent research reports. Barclays cut their price target on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating for the company in a report on Friday, May 24th. BNP Paribas initiated coverage on STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and set a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Finally, Wedbush initiated coverage on STAG Industrial in a report on Friday. They set a “neutral” rating and a $38.00 price target for the company. Eight analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, STAG Industrial currently has an average rating of “Hold” and an average price target of $38.90.

STAG Industrial Company Profile

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.