STAG Industrial, Inc. (NYSE:STAG) Position Lessened by LDR Capital Management LLC

LDR Capital Management LLC trimmed its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 67.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 14,204 shares of the real estate investment trust’s stock after selling 29,554 shares during the quarter. LDR Capital Management LLC’s holdings in STAG Industrial were worth $480,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the business. Values First Advisors Inc. increased its position in STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after buying an additional 307 shares during the last quarter. Hennion & Walsh Asset Management Inc. increased its position in STAG Industrial by 3.0% during the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 347 shares during the last quarter. Peak Financial Advisors LLC grew its position in shares of STAG Industrial by 3.0% in the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 356 shares during the last quarter. Hilltop National Bank grew its position in shares of 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 during the last quarter. Finally, State of Alaska Department of Revenue grew its position in shares of STAG Industrial by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock valued at $4,204,000 after purchasing an additional 390 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

Shares of STAG Industrial stock opened at $35.17 on Friday. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. The firm has a market cap of $6.56 billion, a P/E ratio of 33.81 and a beta of 1.09. The firm has a 50 day simple moving average of $34.22 and a 200 day simple moving average of $36.82. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63.

STAG Industrial (NYSE:STAG) last issued its quarterly earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 24.64% and a return on equity of 5.51%. Sell-side analysts predict that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 17th. Investors of record on Monday, March 3rd will be issued a $0.1242 dividend. The ex-dividend date is Friday, February 28th. This represents a dividend yield of 4.25%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is currently 143.27%.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the subject of several research reports. 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 for the company in a research note on Monday, January 27th. Barclays cut their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday, January 28th. Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company cut their price target on shares of 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. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

About STAG Industrial

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.