Means Investment CO. Inc. Cuts Position in STAG Industrial, Inc. (NYSE:STAG)

Means Investment CO. Inc. lessened its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 8.3% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,008 shares of the real estate investment trust’s stock after selling 905 shares during the period. Means Investment CO. Inc.’s holdings in STAG Industrial were worth $338,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of STAG. Squarepoint Ops LLC purchased a new position in shares of STAG Industrial in the 2nd quarter valued at about $422,000. The Manufacturers Life Insurance Company increased its stake in STAG Industrial by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 184,646 shares of the real estate investment trust’s stock valued at $6,658,000 after purchasing an additional 4,366 shares during the last quarter. Algert Global LLC acquired a new stake in STAG Industrial during the second quarter worth approximately $660,000. Creative Planning lifted its position in shares of STAG Industrial by 5.3% during the 2nd quarter. Creative Planning now owns 18,365 shares of the real estate investment trust’s stock worth $662,000 after buying an additional 918 shares during the last quarter. Finally, Point72 Asset Management L.P. boosted its holdings in shares of STAG Industrial by 65.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 9,576 shares of the real estate investment trust’s stock valued at $345,000 after buying an additional 3,776 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Price Performance

STAG Industrial stock opened at $34.20 on Monday. The business has a 50 day simple moving average of $34.69 and a 200-day simple moving average of $37.31. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a market capitalization of $6.23 billion, a PE ratio of 34.54 and a beta of 1.09.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a $0.1242 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.36%. The ex-dividend date is Monday, March 31st. STAG Industrial’s payout ratio is 150.51%.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on STAG. Royal Bank of Canada cut their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday, January 27th. Wells Fargo & Company reduced their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Barclays dropped their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Finally, Raymond James boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Four investment 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 has a consensus rating of “Moderate Buy” and a consensus price target 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.