Los Angeles Capital Management LLC Sells 1,739 Shares of STAG Industrial, Inc. (NYSE:STAG)

Los Angeles Capital Management LLC reduced its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.2% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 143,781 shares of the real estate investment trust’s stock after selling 1,739 shares during the quarter. Los Angeles Capital Management LLC owned approximately 0.08% of STAG Industrial worth $4,863,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. WESPAC Advisors LLC lifted its position in shares of STAG Industrial by 16.0% in the 4th quarter. WESPAC Advisors LLC now owns 21,059 shares of the real estate investment trust’s stock worth $712,000 after purchasing an additional 2,897 shares during the period. Hudson Edge Investment Partners Inc. raised its stake in STAG Industrial by 5.0% in the fourth quarter. Hudson Edge Investment Partners Inc. now owns 15,186 shares of the real estate investment trust’s stock worth $514,000 after buying an additional 730 shares in the last quarter. Handelsbanken Fonder AB lifted its holdings in STAG Industrial by 8.9% in the fourth quarter. Handelsbanken Fonder AB now owns 54,802 shares of the real estate investment trust’s stock worth $1,853,000 after buying an additional 4,500 shares during the period. Pasadena Private Wealth LLC boosted its position in STAG Industrial by 20.7% during the 4th quarter. Pasadena Private Wealth LLC now owns 21,122 shares of the real estate investment trust’s stock valued at $714,000 after acquiring an additional 3,622 shares in the last quarter. Finally, New York State Common Retirement Fund grew its holdings in shares of STAG Industrial by 15.7% during the 4th quarter. New York State Common Retirement Fund now owns 1,084,284 shares of the real estate investment trust’s stock worth $36,670,000 after acquiring an additional 146,942 shares during the period. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on STAG. Raymond James lifted their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Barclays dropped their price objective on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Royal Bank of Canada decreased their target price on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Finally, Wells Fargo & Company lowered their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial currently has an average rating of “Moderate Buy” and a consensus price target of $40.38.

Insider Buying and Selling at STAG Industrial

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm’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 transaction, 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 filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

Shares of STAG opened at $35.61 on Friday. The firm has a 50 day moving average of $34.30 and a 200 day moving average of $36.71. The company has a quick ratio of 1.36, a current ratio of 1.36 and a debt-to-equity ratio of 0.86. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a market capitalization of $6.64 billion, a P/E ratio of 34.24 and a beta of 1.09.

STAG Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping the consensus estimate of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, equities research analysts anticipate that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be given a $0.1242 dividend. This represents a yield of 4.25%. The ex-dividend date is Friday, February 28th. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is 143.27%.

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.