STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Deutsche Bank AG

Deutsche Bank AG lessened its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 47.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,148,717 shares of the real estate investment trust’s stock after selling 1,044,343 shares during the quarter. Deutsche Bank AG owned 0.63% of STAG Industrial worth $38,850,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Swiss National Bank boosted its stake in shares of STAG Industrial by 0.8% during the 4th quarter. Swiss National Bank now owns 358,200 shares of the real estate investment trust’s stock valued at $12,114,000 after buying an additional 2,800 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new stake in STAG Industrial in the fourth quarter valued at $1,276,000. Congress Asset Management Co. boosted its stake in STAG Industrial by 10.1% during the 4th quarter. Congress Asset Management Co. now owns 220,929 shares of the real estate investment trust’s stock valued at $7,472,000 after acquiring an additional 20,327 shares during the last quarter. Asset Management One Co. Ltd. grew its holdings in STAG Industrial by 2.4% during the 4th quarter. Asset Management One Co. Ltd. now owns 359,100 shares of the real estate investment trust’s stock worth $12,159,000 after acquiring an additional 8,259 shares in the last quarter. Finally, US Bancorp DE grew its holdings in STAG Industrial by 1.5% during the 4th quarter. US Bancorp DE now owns 27,107 shares of the real estate investment trust’s stock worth $917,000 after acquiring an additional 402 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Raymond James upped their target price on shares of STAG Industrial from $36.00 to $38.00 and gave the company an “outperform” rating in a research note on Wednesday, May 7th. Robert W. Baird cut their price objective on STAG Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 7th. Royal Bank of Canada reduced 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, January 27th. Finally, Barclays reduced their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday, January 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $39.63.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $35.45 on Wednesday. The firm’s 50 day moving average is $33.88 and its two-hundred day moving average is $34.82. The firm has a market capitalization of $6.62 billion, a P/E ratio of 34.09 and a beta of 0.93. The company has a current ratio of 1.36, a quick ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a 52 week low of $28.61 and a 52 week high of $41.63.

STAG Industrial (NYSE:STAG) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.60 by $0.01. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. The firm had revenue of $205.57 million for the quarter, compared to the consensus estimate of $202.04 million. During the same quarter in the previous year, the business earned $0.59 EPS. The firm’s revenue for the quarter was up 9.7% on a year-over-year basis. Analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.1242 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.20%. STAG Industrial’s dividend payout ratio is presently 112.03%.

Insider Buying and Selling at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the company’s stock in a transaction that occurred on 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 directly owns 9,632 shares of the company’s stock, valued at approximately $338,083.20. This represents a 83.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. 1.10% of the stock is owned by corporate insiders.

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.