Mirae Asset Global Investments Co. Ltd. Trims Stake in STAG Industrial, Inc. (NYSE:STAG)

Mirae Asset Global Investments Co. Ltd. lowered its position in STAG Industrial, Inc. (NYSE:STAG) by 28.1% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 5,082 shares of the real estate investment trust’s stock after selling 1,985 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in STAG Industrial were worth $172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also modified their holdings of the business. Hennion & Walsh Asset Management Inc. boosted its holdings in STAG Industrial by 3.0% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 12,025 shares of the real estate investment trust’s stock valued at $407,000 after acquiring an additional 347 shares during the period. Peak Financial Advisors LLC lifted its position in shares of STAG Industrial by 3.0% during the fourth quarter. Peak Financial Advisors LLC now owns 12,415 shares of the real estate investment trust’s stock worth $420,000 after purchasing an additional 356 shares during the last quarter. Hilltop National Bank boosted its stake in shares of 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 valued at $76,000 after purchasing an additional 362 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of STAG Industrial by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock worth $4,204,000 after purchasing an additional 390 shares during the last quarter. Finally, Atria Investments Inc increased its stake in STAG Industrial by 1.6% in the 3rd quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust’s stock worth $1,033,000 after buying an additional 414 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.8 %

STAG opened at $35.34 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The firm has a market cap of $6.44 billion, a price-to-earnings ratio of 35.69 and a beta of 1.09. STAG Industrial, Inc. has a 12 month low of $32.27 and a 12 month high of $41.63. The stock has a fifty day moving average price of $34.33 and a 200-day moving average price of $37.03.

STAG Industrial (NYSE:STAG) last announced its earnings results on Wednesday, February 12th. The real estate investment trust reported $0.61 EPS for the quarter, topping analysts’ consensus estimates of $0.18 by $0.43. STAG Industrial had a net margin of 23.94% and a return on equity of 5.27%. As a group, equities research analysts anticipate that STAG Industrial, Inc. will post 2.41 earnings per share for the current fiscal year.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.22%. STAG Industrial’s dividend payout ratio (DPR) is 150.51%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on STAG. Royal Bank of Canada lowered 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 report on Monday, January 27th. Raymond James boosted their price target on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays reduced their price objective on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a report on Tuesday, January 28th. Finally, Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Company Profile

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.