Congress Wealth Management LLC DE Decreases Stake in STAG Industrial, Inc. (NYSE:STAG)

Congress Wealth Management LLC DE cut its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 63.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,240 shares of the real estate investment trust’s stock after selling 16,050 shares during the period. Congress Wealth Management LLC DE’s holdings in STAG Industrial were worth $312,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Sugar Maple Asset Management LLC bought a new position in shares of STAG Industrial during the 4th quarter valued at $43,000. Hilltop National Bank lifted its holdings in 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 acquiring an additional 362 shares during the period. Principal Securities Inc. boosted its position in STAG Industrial by 20.7% in the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after purchasing an additional 510 shares during the last quarter. Aew Capital Management L P grew its stake in shares of STAG Industrial by 52.4% during the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after purchasing an additional 1,100 shares during the period. Finally, Venturi Wealth Management LLC purchased a new stake in shares of STAG Industrial during the 4th quarter valued at about $109,000. 88.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on STAG. Raymond James raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada cut their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday, January 27th. Finally, Barclays decreased their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Trading Up 0.4 %

Shares of STAG stock opened at $35.58 on Friday. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36. The stock has a fifty day simple moving average of $35.17 and a two-hundred day simple moving average of $36.08. The firm has a market capitalization of $6.64 billion, a PE ratio of 34.21 and a beta of 1.05. STAG Industrial, Inc. has a 52-week low of $32.27 and a 52-week high of $41.63.

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

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which was paid on Monday, March 17th. Stockholders of record on Monday, March 3rd were given a dividend of $0.1242 per share. The ex-dividend date was Friday, February 28th. This represents a dividend yield of 4.25%. This is a boost from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

Insider Buying and Selling

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 value of $1,755,000.00. Following the sale, the director now directly owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by company insiders.

STAG Industrial 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.