WESPAC Advisors LLC Sells 14,880 Shares of STAG Industrial, Inc. (NYSE:STAG)

WESPAC Advisors LLC trimmed its position in STAG Industrial, Inc. (NYSE:STAG) by 44.3% in the second quarter, according to its most recent filing with the SEC. The fund owned 18,696 shares of the real estate investment trust’s stock after selling 14,880 shares during the period. WESPAC Advisors LLC’s holdings in STAG Industrial were worth $674,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of STAG. Norges Bank acquired a new stake in STAG Industrial in the fourth quarter valued at $69,990,000. Cohen & Steers Inc. increased its holdings in STAG Industrial by 944.0% in the fourth quarter. Cohen & Steers Inc. now owns 1,121,330 shares of the real estate investment trust’s stock valued at $44,023,000 after purchasing an additional 1,013,926 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in STAG Industrial by 22.4% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock valued at $206,051,000 after purchasing an additional 961,420 shares during the period. Daiwa Securities Group Inc. increased its holdings in STAG Industrial by 89.5% in the first quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust’s stock valued at $48,749,000 after purchasing an additional 598,788 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in STAG Industrial in the second quarter valued at $13,188,000. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Up 1.5 %

Shares of STAG traded up $0.61 during trading hours on Friday, hitting $40.58. The stock had a trading volume of 693,262 shares, compared to its average volume of 1,091,853. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $41.63. The firm has a market capitalization of $7.39 billion, a P/E ratio of 40.58, a price-to-earnings-growth ratio of 4.16 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The firm has a 50 day simple moving average of $38.61 and a 200-day simple moving average of $37.18.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were given a $0.1233 dividend. This is a boost from STAG Industrial’s previous dividend of $0.12. The ex-dividend date of this dividend was Wednesday, July 31st. This represents a yield of 3.63%. STAG Industrial’s dividend payout ratio (DPR) is presently 148.00%.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 30,000 shares of the firm’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $34.81, for a total value of $1,044,300.00. Following the transaction, the director now owns 8,304 shares of the company’s stock, valued at approximately $289,062.24. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other STAG Industrial news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the transaction, the director now owns 8,758 shares of the company’s stock, valued at approximately $357,151.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Benjamin S. Butcher sold 30,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the transaction, the director now directly owns 8,304 shares in the company, valued at approximately $289,062.24. The disclosure for this sale can be found here. 1.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on STAG. Evercore ISI increased their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday. Wells Fargo & Company increased their price target on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday. Wedbush increased their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Barclays increased their price target on STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Finally, BNP Paribas assumed coverage on STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 price target for the company. Six investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.22.

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.