Avantax Advisory Services Inc. Reduces Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Avantax Advisory Services Inc. trimmed its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 14.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,110 shares of the real estate investment trust’s stock after selling 1,193 shares during the period. Avantax Advisory Services Inc.’s holdings in STAG Industrial were worth $240,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Oregon Public Employees Retirement Fund raised its position in shares of STAG Industrial by 0.8% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 37,131 shares of the real estate investment trust’s stock worth $1,256,000 after acquiring an additional 300 shares in the last quarter. Values First Advisors Inc. raised its holdings in STAG Industrial by 2.2% during the fourth quarter. Values First Advisors Inc. now owns 14,562 shares of the real estate investment trust’s stock worth $492,000 after purchasing an additional 307 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its position in shares of STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock worth $407,000 after buying an additional 347 shares during the last quarter. Peak Financial Advisors LLC boosted its holdings in shares of STAG Industrial by 3.0% in the 4th quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock valued at $420,000 after buying an additional 356 shares in the last quarter. Finally, Hilltop National Bank grew its position in shares of STAG Industrial by 19.2% in the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after buying an additional 362 shares during the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Trading Up 1.9 %

Shares of STAG stock opened at $35.43 on Thursday. The company has a market capitalization of $6.61 billion, a P/E ratio of 34.07 and a beta of 1.05. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. The business’s 50 day moving average is $35.12 and its two-hundred day moving average is $36.13. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63.

STAG Industrial (NYSE:STAG) last announced its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (EPS) 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%. Equities analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which was paid on Monday, March 17th. Investors of record on Monday, March 3rd were given a $0.1242 dividend. The ex-dividend date was Friday, February 28th. This represents a yield of 4.25%. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio (DPR) is presently 143.27%.

Analyst Ratings Changes

Several equities analysts have issued reports on STAG shares. Raymond James raised their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Royal Bank of Canada dropped their price target on 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. Finally, Barclays decreased their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $40.38.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was 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 of the company’s stock, valued at approximately $338,083.20. This trade represents a 83.85 % decrease in their ownership of the stock. 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 owned by corporate insiders.

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.