Guardian Wealth Management Inc. Sells 3,112 Shares of STAG Industrial, Inc. (NYSE:STAG)

Guardian Wealth Management Inc. trimmed its holdings in STAG Industrial, Inc. (NYSE:STAG) by 6.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,334 shares of the real estate investment trust’s stock after selling 3,112 shares during the quarter. Guardian Wealth Management Inc.’s holdings in STAG Industrial were worth $1,466,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Sugar Maple Asset Management LLC bought a new position in STAG Industrial in the fourth quarter worth approximately $43,000. Hilltop National Bank increased its stake in STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust’s stock valued at $76,000 after purchasing an additional 362 shares in the last quarter. Principal Securities Inc. raised its holdings in 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 worth $101,000 after buying an additional 510 shares during the last quarter. Aew Capital Management L P lifted its position 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 in the last quarter. Finally, Venturi Wealth Management LLC bought a new stake in STAG Industrial during the 4th quarter worth approximately $109,000. Institutional investors own 88.67% of the company’s stock.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 50,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was 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 of the company’s stock, valued at approximately $338,083.20. This represents a 83.85 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on STAG shares. Raymond James decreased their price target on STAG Industrial from $40.00 to $36.00 and set an “outperform” rating for the company in a report on Monday, April 14th. Royal Bank of Canada decreased their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Finally, Barclays reduced their price objective 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 analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial currently has a consensus rating of “Hold” and a consensus price target of $39.57.

STAG Industrial Price Performance

STAG Industrial stock opened at $32.73 on Thursday. 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 $28.61 and a one year high of $41.63. The firm has a market capitalization of $6.11 billion, a P/E ratio of 31.47 and a beta of 0.96. The business has a fifty day moving average price of $34.45 and a 200-day moving average price of $35.23.

STAG Industrial (NYSE:STAG) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a return on equity of 5.51% and a net margin of 24.64%. As a group, equities research analysts forecast that STAG Industrial, Inc. will post 2.47 EPS for the current year.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be given a $0.1242 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.49 dividend on an annualized basis and a yield of 4.55%. STAG Industrial’s payout ratio is 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.