Crestwood Advisors Group LLC Sells 12,522 Shares of STAG Industrial, Inc. (NYSE:STAG)

Crestwood Advisors Group LLC trimmed its stake in STAG Industrial, Inc. (NYSE:STAG) by 4.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 278,877 shares of the real estate investment trust’s stock after selling 12,522 shares during the quarter. Crestwood Advisors Group LLC owned about 0.15% of STAG Industrial worth $9,432,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Sugar Maple Asset Management LLC acquired a new stake in shares of STAG Industrial in the 4th quarter valued at about $43,000. Coastline Trust Co bought a new position in STAG Industrial in the third quarter worth approximately $55,000. Hilltop National Bank grew its stake in STAG Industrial by 19.2% in the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after acquiring an additional 362 shares during the period. Principal Securities Inc. increased its holdings in shares of STAG Industrial by 20.7% during the fourth quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock valued at $101,000 after acquiring an additional 510 shares in the last quarter. Finally, Venturi Wealth Management LLC acquired a new position in shares of STAG Industrial during the fourth quarter worth approximately $109,000. 88.67% of the stock is owned by institutional investors.

Insider Activity

In related news, Director Benjamin S. Butcher sold 50,000 shares of the firm’s stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $35.10, for a total transaction of $1,755,000.00. Following the completion of the sale, the director now owns 9,632 shares in the company, 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 is accessible through this link. Insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

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

STAG Industrial Stock Up 0.1 %

STAG opened at $35.17 on Monday. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The firm has a market capitalization of $6.56 billion, a P/E ratio of 33.81 and a beta of 1.09. The company’s 50-day moving average is $34.22 and its 200 day moving average is $36.78. The company has a debt-to-equity ratio of 0.86, a current ratio of 1.36 and a quick ratio of 1.36.

STAG Industrial (NYSE:STAG) last posted its earnings results 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 net margin of 24.64% and a return on equity of 5.51%. Research analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current fiscal year.

STAG Industrial Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 17th. Shareholders of record on Monday, March 3rd will be paid 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 dividend payout ratio is 143.27%.

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.