Securian Asset Management Inc. Sells 387 Shares of STAG Industrial, Inc. (NYSE:STAG)

Securian Asset Management Inc. trimmed its holdings in STAG Industrial, Inc. (NYSE:STAG) by 2.7% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 13,774 shares of the real estate investment trust’s stock after selling 387 shares during the quarter. Securian Asset Management Inc.’s holdings in STAG Industrial were worth $466,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Atria Investments Inc raised its stake in shares of STAG Industrial by 1.6% in the third quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust’s stock worth $1,033,000 after acquiring an additional 414 shares during the last quarter. GSA Capital Partners LLP bought a new stake in shares of STAG Industrial during the third quarter valued at approximately $349,000. Metis Global Partners LLC increased its holdings in shares of STAG Industrial by 29.7% in the third quarter. Metis Global Partners LLC now owns 18,748 shares of the real estate investment trust’s stock valued at $733,000 after purchasing an additional 4,294 shares in the last quarter. CIBC Asset Management Inc bought a new position in STAG Industrial in the 3rd quarter worth approximately $212,000. Finally, Natixis Advisors LLC lifted its holdings 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 buying an additional 9,097 shares in the last quarter. 88.67% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Royal Bank of Canada cut 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 research report on Monday, January 27th. Finally, Barclays reduced their target price 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. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of “Moderate Buy” and a consensus target price of $40.38.

Insider Buying and Selling at STAG Industrial

In other STAG Industrial news, Director Benjamin S. Butcher sold 50,000 shares of STAG Industrial 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. The trade was a 83.85 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

Shares of STAG stock opened at $35.83 on Tuesday. The stock has a market cap of $6.68 billion, a PE ratio of 34.45 and a beta of 1.05. The stock has a 50-day moving average of $34.88 and a 200-day moving average of $36.36. 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, Inc. has a one year low of $32.27 and a one year high of $41.63.

STAG Industrial (NYSE:STAG) last issued its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 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, sell-side analysts expect that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Increases Dividend

The firm also recently announced a dividend, which was paid on Monday, March 17th. Shareholders of record on Monday, March 3rd were issued a dividend of $0.1242 per share. The ex-dividend date of this dividend was Friday, February 28th. This is a positive change from STAG Industrial’s previous dividend of $0.12. This represents a yield of 4.25%. STAG Industrial’s payout ratio is currently 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.