Tocqueville Asset Management L.P. Has $3.44 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Tocqueville Asset Management L.P. decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 101,848 shares of the real estate investment trust’s stock after selling 780 shares during the period. Tocqueville Asset Management L.P. owned approximately 0.06% of STAG Industrial worth $3,444,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in the stock. GSA Capital Partners LLP acquired a new position in STAG Industrial in the third quarter valued at about $349,000. CIBC Asset Management Inc bought a new stake in shares of STAG Industrial in the 3rd quarter valued at about $212,000. Natixis Advisors LLC boosted its stake in STAG Industrial by 2.6% during the 3rd quarter. Natixis Advisors LLC now owns 358,301 shares of the real estate investment trust’s stock worth $14,006,000 after acquiring an additional 9,097 shares during the last quarter. Thrivent Financial for Lutherans grew its holdings in STAG Industrial by 3.6% during the third quarter. Thrivent Financial for Lutherans now owns 626,981 shares of the real estate investment trust’s stock valued at $24,509,000 after purchasing an additional 21,764 shares during the period. Finally, Quest Partners LLC bought a new stake in STAG Industrial in the third quarter valued at approximately $566,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial stock in a transaction dated 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 transaction, the director now owns 9,632 shares of the company’s stock, valued at $338,083.20. This trade represents a 83.85 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 1.10% of the company’s stock.

STAG Industrial Trading Down 1.1 %

NYSE:STAG opened at $35.42 on Wednesday. The company has a market cap of $6.61 billion, a P/E ratio of 34.05 and a beta of 1.05. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The business has a 50 day moving average price of $34.92 and a two-hundred day moving average price of $36.32. 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 (NYSE:STAG) last issued its quarterly earnings results 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%. As a group, analysts expect that STAG Industrial, Inc. will post 2.47 EPS for the current fiscal year.

STAG Industrial Increases Dividend

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

Analysts Set New Price Targets

STAG has been the topic of a number of recent analyst reports. 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. Royal Bank of Canada reduced their target price on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Finally, Raymond James increased their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

STAG Industrial Company 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.