Stag Industrial, Inc. (NYSE:STAG) Shares Sold by Tocqueville Asset Management L.P.

Tocqueville Asset Management L.P. lowered its stake in Stag Industrial, Inc. (NYSE:STAG) by 0.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 101,523 shares of the real estate investment trust’s stock after selling 325 shares during the period. Tocqueville Asset Management L.P.’s holdings in Stag Industrial were worth $3,667,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Signaturefd LLC increased its position in shares of Stag Industrial by 14.0% in the 1st quarter. Signaturefd LLC now owns 2,586 shares of the real estate investment trust’s stock valued at $93,000 after acquiring an additional 317 shares during the period. Securian Asset Management Inc. increased its holdings in shares of Stag Industrial by 2.9% in the first quarter. Securian Asset Management Inc. now owns 14,169 shares of the real estate investment trust’s stock valued at $512,000 after purchasing an additional 395 shares during the period. Integrated Advisors Network LLC raised its stake in shares of Stag Industrial by 3.5% in the fourth quarter. Integrated Advisors Network LLC now owns 11,673 shares of the real estate investment trust’s stock worth $395,000 after purchasing an additional 398 shares during the last quarter. PFG Investments LLC lifted its holdings in shares of Stag Industrial by 5.4% during the first quarter. PFG Investments LLC now owns 8,302 shares of the real estate investment trust’s stock worth $300,000 after purchasing an additional 429 shares during the period. Finally, Moran Wealth Management LLC lifted its holdings in shares of Stag Industrial by 1.2% during the first quarter. Moran Wealth Management LLC now owns 36,799 shares of the real estate investment trust’s stock worth $1,329,000 after purchasing an additional 436 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Stag Industrial Stock Down 0.2%

Shares of STAG stock opened at $34.74 on Friday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $40.75. The stock has a market cap of $6.49 billion, a P/E ratio of 27.35 and a beta of 0.91. The stock has a 50 day moving average of $35.80 and a 200 day moving average of $34.99. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.86.

Stag Industrial (NYSE:STAG) last issued its quarterly earnings data on Tuesday, July 29th. The real estate investment trust reported $0.63 EPS for the quarter, hitting analysts’ consensus estimates of $0.63. The business had revenue of $207.44 million for the quarter, compared to analysts’ expectations of $206.37 million. Stag Industrial had a net margin of 29.14% and a return on equity of 6.71%. The business’s revenue was up 9.4% on a year-over-year basis. During the same quarter last year, the company earned $0.61 EPS. As a group, sell-side analysts expect that Stag Industrial, Inc. will post 2.47 EPS for the current year.

Stag Industrial Announces Dividend

The company also recently disclosed a dividend, which was paid on Friday, August 15th. Shareholders of record on Friday, August 1st were issued a $0.1242 dividend. The ex-dividend date of this dividend was Thursday, July 31st. This represents a yield of 422.0%. Stag Industrial’s payout ratio is presently 117.32%.

Insiders Place Their Bets

In other Stag Industrial news, Director Benjamin S. Butcher sold 28,843 shares of the company’s stock in a transaction dated Friday, June 6th. The shares were sold at an average price of $36.90, for a total value of $1,064,306.70. Following the completion of the transaction, the director owned 7,115 shares in the company, valued at approximately $262,543.50. This represents a 80.21% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the topic of several research reports. Raymond James Financial increased their price target on shares of Stag Industrial from $36.00 to $38.00 and gave the stock an “outperform” rating in a report on Wednesday, May 7th. Robert W. Baird dropped their price objective on shares of Stag Industrial from $39.00 to $38.00 and set a “neutral” rating on the stock in a report on Wednesday, May 7th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $38.00 price objective on shares of Stag Industrial in a research note on Monday, May 19th. Finally, Evercore ISI boosted their target price on shares of Stag Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, July 30th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to MarketBeat, Stag Industrial presently has an average rating of “Hold” and an average price target of $38.17.

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.