STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Schnieders Capital Management LLC

Schnieders Capital Management LLC reduced its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 5.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,850 shares of the real estate investment trust’s stock after selling 2,400 shares during the period. Schnieders Capital Management LLC’s holdings in STAG Industrial were worth $1,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Fifth Third Bancorp raised its holdings in shares of STAG Industrial by 121.3% during the third quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 496 shares during the period. Rational Advisors LLC acquired a new position in STAG Industrial during the 3rd quarter valued at approximately $42,000. Sound Income Strategies LLC grew its stake in STAG Industrial by 35.5% during the 4th quarter. Sound Income Strategies LLC now owns 1,363 shares of the real estate investment trust’s stock worth $54,000 after buying an additional 357 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp grew its stake in STAG Industrial by 328.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,642 shares of the real estate investment trust’s stock worth $91,000 after buying an additional 2,026 shares during the last quarter. Finally, CWM LLC increased its position in STAG Industrial by 17.6% in the fourth quarter. CWM LLC now owns 2,438 shares of the real estate investment trust’s stock worth $96,000 after buying an additional 365 shares during the period. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Royal Bank of Canada increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 target price (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. BMO Capital Markets reissued an “outperform” rating and issued a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Finally, Barclays started coverage on shares of STAG Industrial in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price for the company. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $39.13.

STAG Industrial Price Performance

STAG stock traded up $0.07 during trading hours on Tuesday, hitting $35.41. 986,052 shares of the stock traded hands, compared to its average volume of 1,130,050. The stock has a 50-day simple moving average of $37.45 and a 200 day simple moving average of $36.84. The company has a market cap of $6.44 billion, a P/E ratio of 32.79, a P/E/G ratio of 4.93 and a beta of 1.02. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $39.61. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a dividend yield of 4.18%. STAG Industrial’s dividend payout ratio (DPR) is 137.04%.

STAG Industrial Company Profile

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.