STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. cut its holdings in STAG Industrial, Inc. (NYSE:STAG) by 59.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,052 shares of the real estate investment trust’s stock after selling 175,377 shares during the quarter. Federated Hermes Inc. owned approximately 0.07% of STAG Industrial worth $4,026,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of STAG. Sugar Maple Asset Management LLC acquired a new stake in shares of STAG Industrial during the 4th quarter worth about $43,000. Hilltop National Bank boosted its position in STAG Industrial by 19.2% during the fourth quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock worth $76,000 after acquiring an additional 362 shares during the last quarter. Principal Securities Inc. grew its stake in STAG Industrial by 20.7% in the 4th quarter. Principal Securities Inc. now owns 2,977 shares of the real estate investment trust’s stock worth $101,000 after acquiring an additional 510 shares during the period. Aew Capital Management L P raised its holdings in STAG Industrial by 52.4% in the 4th quarter. Aew Capital Management L P now owns 3,200 shares of the real estate investment trust’s stock valued at $108,000 after acquiring an additional 1,100 shares during the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of STAG Industrial during the 4th quarter worth $109,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at STAG Industrial

In other news, Director Benjamin S. Butcher sold 50,000 shares of the business’s stock in a transaction on 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 transaction, the director now directly 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 transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 1.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on STAG shares. Barclays dropped their target price 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. Royal Bank of Canada cut their price objective 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. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.14.

STAG Industrial Stock Up 1.6 %

Shares of NYSE:STAG opened at $31.39 on Friday. The stock has a 50-day simple moving average of $34.83 and a 200-day simple moving average of $35.54. The stock has a market capitalization of $5.86 billion, a P/E ratio of 30.18 and a beta of 0.96. STAG Industrial, Inc. has a 1 year low of $28.61 and a 1 year high of $41.63. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.36 and a current ratio of 1.36.

STAG Industrial (NYSE:STAG) last released its quarterly earnings data on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share (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%. Equities analysts forecast that STAG Industrial, Inc. will post 2.47 earnings per share for the current year.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be paid a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.75%. The ex-dividend date is Monday, June 30th. STAG Industrial’s dividend payout ratio is presently 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.