Congress Wealth Management LLC DE Cuts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Congress Wealth Management LLC DE decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 63.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,240 shares of the real estate investment trust’s stock after selling 16,050 shares during the quarter. Congress Wealth Management LLC DE’s holdings in STAG Industrial were worth $312,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the business. Point72 DIFC Ltd purchased a new stake in shares of STAG Industrial during the 3rd quarter valued at about $717,000. Geode Capital Management LLC raised its position in STAG Industrial by 0.6% during the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after purchasing an additional 21,925 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of STAG Industrial by 169.6% in the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after purchasing an additional 83,296 shares during the last quarter. Swiss National Bank boosted its holdings in shares of STAG Industrial by 0.8% in the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock worth $12,114,000 after purchasing an additional 2,800 shares during the period. Finally, Stifel Financial Corp increased its position in shares of STAG Industrial by 5.6% during the 3rd quarter. Stifel Financial Corp now owns 52,278 shares of the real estate investment trust’s stock valued at $2,044,000 after purchasing an additional 2,795 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the subject of a number of analyst reports. Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 28th. Raymond James lifted 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, Royal Bank of Canada reduced their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Monday, January 27th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction dated 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 completion of the sale, the director now owns 9,632 shares in the company, valued at approximately $338,083.20. The trade was a 83.85 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 1.10% of the company’s stock.

STAG Industrial Trading Up 0.4 %

Shares of STAG opened at $35.58 on Friday. The firm has a market capitalization of $6.64 billion, a price-to-earnings ratio of 34.21 and a beta of 1.05. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The company has a 50-day moving average of $35.17 and a 200 day moving average of $36.08.

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

STAG Industrial Increases Dividend

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

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.