RFG Advisory LLC Sells 407 Shares of STAG Industrial, Inc. (NYSE:STAG)

RFG Advisory LLC lowered its holdings in STAG Industrial, Inc. (NYSE:STAGFree Report) by 4.5% in the fourth quarter, Holdings Channel reports. The firm owned 8,644 shares of the real estate investment trust’s stock after selling 407 shares during the quarter. RFG Advisory LLC’s holdings in STAG Industrial were worth $292,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of STAG Industrial in the 2nd quarter valued at about $4,094,000. Squarepoint Ops LLC acquired a new position in STAG Industrial during the second quarter valued at approximately $422,000. AQR Capital Management LLC grew its stake in STAG Industrial by 75.8% in the second quarter. AQR Capital Management LLC now owns 177,841 shares of the real estate investment trust’s stock valued at $6,226,000 after purchasing an additional 76,656 shares in the last quarter. The Manufacturers Life Insurance Company increased its position in shares of STAG Industrial by 2.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 184,646 shares of the real estate investment trust’s stock worth $6,658,000 after purchasing an additional 4,366 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC raised its stake in shares of STAG Industrial by 15.0% during the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 85,244 shares of the real estate investment trust’s stock worth $3,074,000 after purchasing an additional 11,124 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Trading Down 0.8 %

Shares of STAG stock opened at $34.38 on Wednesday. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The company has a market capitalization of $6.26 billion, a PE ratio of 34.72 and a beta of 1.09. The firm has a 50 day moving average price of $34.81 and a two-hundred day moving average price of $37.40. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.33%. STAG Industrial’s payout ratio is currently 150.51%.

Analyst Ratings Changes

STAG has been the topic of a number of recent analyst reports. Wells Fargo & Company lowered their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Raymond James boosted their price objective 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. Barclays cut their target price on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Royal Bank of Canada dropped their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Monday. Four investment analysts have rated the stock with a hold rating and four have given 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 target price of $40.38.

Get Our Latest Analysis on STAG Industrial

STAG Industrial Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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