STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Convergence Investment Partners LLC

Convergence Investment Partners LLC cut its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 23.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 30,410 shares of the real estate investment trust’s stock after selling 9,334 shares during the period. Convergence Investment Partners LLC’s holdings in STAG Industrial were worth $1,194,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Louisiana State Employees Retirement System purchased a new position in STAG Industrial during the fourth quarter worth about $2,002,000. International Assets Investment Management LLC raised its stake in shares of STAG Industrial by 3,860.5% in the 4th quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock valued at $4,508,000 after acquiring an additional 111,917 shares during the period. Sei Investments Co. raised its stake in shares of STAG Industrial by 11.8% in the 3rd quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust’s stock valued at $17,310,000 after acquiring an additional 53,109 shares during the period. Schonfeld Strategic Advisors LLC raised its stake in shares of STAG Industrial by 132.7% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust’s stock valued at $10,823,000 after acquiring an additional 178,846 shares during the period. Finally, New York State Teachers Retirement System raised its stake in shares of STAG Industrial by 5.3% in the 4th quarter. New York State Teachers Retirement System now owns 38,605 shares of the real estate investment trust’s stock valued at $1,516,000 after acquiring an additional 1,936 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Stock Down 0.2 %

NYSE STAG traded down $0.06 on Friday, hitting $34.48. 1,268,933 shares of the stock were exchanged, compared to its average volume of 960,383. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. STAG Industrial, Inc. has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The company has a market cap of $6.27 billion, a PE ratio of 31.93, a PEG ratio of 4.87 and a beta of 1.02. The company has a 50-day moving average price of $37.20 and a 200-day moving average price of $36.82.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.29%. The ex-dividend date of this dividend is Friday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is presently 137.04%.

Analyst Upgrades and Downgrades

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

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.