PFG Investments LLC Trims Holdings in STAG Industrial, Inc. (NYSE:STAG)

PFG Investments LLC trimmed its position in STAG Industrial, Inc. (NYSE:STAG) by 36.5% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,161 shares of the real estate investment trust’s stock after selling 4,695 shares during the period. PFG Investments LLC’s holdings in STAG Industrial were worth $294,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Principal Financial Group Inc. increased its stake in shares of STAG Industrial by 3.7% during the 4th quarter. Principal Financial Group Inc. now owns 748,765 shares of the real estate investment trust’s stock valued at $29,397,000 after acquiring an additional 26,700 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in STAG Industrial during the 1st quarter worth approximately $3,222,000. Centersquare Investment Management LLC increased its position in STAG Industrial by 24.9% during the 1st quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock worth $4,990,000 after purchasing an additional 25,844 shares in the last quarter. Westfield Capital Management Co. LP increased its position in STAG Industrial by 12.3% during the 1st quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock worth $37,190,000 after purchasing an additional 106,217 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in STAG Industrial by 763.9% during the 1st quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock worth $2,721,000 after purchasing an additional 62,594 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insider Buying and Selling at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the transaction, the director now directly owns 8,758 shares in the company, valued at $357,151.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is currently owned by insiders.

STAG Industrial Stock Performance

Shares of STAG opened at $40.03 on Friday. The firm has a market cap of $7.29 billion, a price-to-earnings ratio of 40.03, a PEG ratio of 4.06 and a beta of 1.09. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82. The business’s 50 day moving average is $39.42 and its two-hundred day moving average is $37.27. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $41.63.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a $0.1233 dividend. The ex-dividend date was Wednesday, July 31st. This is a boost from STAG Industrial’s previous dividend of $0.12. This represents a yield of 3.63%. STAG Industrial’s dividend payout ratio is currently 148.00%.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of research analyst reports. Wedbush increased their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Barclays increased their target price on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Evercore ISI increased their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. BNP Paribas began coverage on shares of STAG Industrial in a research report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 target price for the company. Finally, Wells Fargo & Company lifted their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 28th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $41.22.

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.