Los Angeles Capital Management LLC Cuts Holdings in STAG Industrial, Inc. (NYSE:STAG)

Los Angeles Capital Management LLC reduced its position in STAG Industrial, Inc. (NYSE:STAG) by 1.2% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 143,781 shares of the real estate investment trust’s stock after selling 1,739 shares during the period. Los Angeles Capital Management LLC’s holdings in STAG Industrial were worth $4,863,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. WESPAC Advisors LLC increased its stake in STAG Industrial by 16.0% in the 4th quarter. WESPAC Advisors LLC now owns 21,059 shares of the real estate investment trust’s stock worth $712,000 after acquiring an additional 2,897 shares during the last quarter. Hudson Edge Investment Partners Inc. grew its holdings in shares of STAG Industrial by 5.0% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 15,186 shares of the real estate investment trust’s stock valued at $514,000 after purchasing an additional 730 shares in the last quarter. Handelsbanken Fonder AB increased its position in STAG Industrial by 8.9% in the fourth quarter. Handelsbanken Fonder AB now owns 54,802 shares of the real estate investment trust’s stock worth $1,853,000 after purchasing an additional 4,500 shares during the last quarter. Pasadena Private Wealth LLC raised its stake in STAG Industrial by 20.7% during the fourth quarter. Pasadena Private Wealth LLC now owns 21,122 shares of the real estate investment trust’s stock valued at $714,000 after purchasing an additional 3,622 shares in the last quarter. Finally, New York State Common Retirement Fund lifted its position in STAG Industrial by 15.7% during the fourth quarter. New York State Common Retirement Fund now owns 1,084,284 shares of the real estate investment trust’s stock valued at $36,670,000 after purchasing an additional 146,942 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

STAG Industrial Trading Up 0.1 %

Shares of NYSE STAG opened at $35.61 on Friday. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. 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 company has a market cap of $6.64 billion, a price-to-earnings ratio of 34.24 and a beta of 1.09. The business’s 50 day moving average price is $34.30 and its 200-day moving average price is $36.71.

STAG Industrial (NYSE:STAG) last released its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates 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, sell-side analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.1242 dividend. This represents a yield of 4.25%. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend is Friday, February 28th. STAG Industrial’s payout ratio is 143.27%.

Analysts Set New Price Targets

STAG has been the topic of a number of 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 on the stock in a report on Monday, January 27th. Wells Fargo & Company reduced their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Barclays lowered their price objective on 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. Finally, Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. 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 data from MarketBeat, STAG Industrial currently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

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 stock was 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 directly owns 9,632 shares of the company’s stock, valued at $338,083.20. The trade was a 83.85 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

STAG Industrial Company 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.