Asset Management One Co. Ltd. cut its stake in STAG Industrial, Inc. (NYSE:STAG – Free Report) by 9.4% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 440,746 shares of the real estate investment trust’s stock after selling 45,951 shares during the period. Asset Management One Co. Ltd. owned about 0.25% of STAG Industrial worth $14,906,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eagle Bay Advisors LLC purchased a new position in STAG Industrial in the second quarter worth $27,000. Sound Income Strategies LLC grew its position in STAG Industrial by 45.0% in the first quarter. Sound Income Strategies LLC now owns 1,006 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 312 shares in the last quarter. HM Payson & Co. purchased a new position in STAG Industrial in the first quarter worth $34,000. Itau Unibanco Holding S.A. purchased a new position in STAG Industrial in the fourth quarter worth $36,000. Finally, FourThought Financial LLC boosted its position in STAG Industrial by 199.8% during the third quarter. FourThought Financial LLC now owns 1,331 shares of the real estate investment trust’s stock valued at $38,000 after buying an additional 887 shares during the period. 87.05% of the stock is currently owned by hedge funds and other institutional investors.
Insider Transactions at STAG Industrial
In other news, insider Benjamin S. Butcher sold 3,220 shares of the stock in a transaction dated Tuesday, May 2nd. The shares were sold at an average price of $35.02, for a total transaction of $112,764.40. Following the completion of the sale, the insider now directly owns 3,868 shares in the company, valued at $135,457.36. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.10% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
STAG Industrial Stock Performance
STAG Industrial stock opened at $36.42 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.72. The firm has a 50-day moving average of $35.32 and a 200-day moving average of $34.36. The firm has a market cap of $6.53 billion, a P/E ratio of 37.16, a P/E/G ratio of 7.66 and a beta of 1.01. STAG Industrial, Inc. has a 1-year low of $26.56 and a 1-year high of $37.15.
STAG Industrial Dividend Announcement
The company also recently announced a monthly dividend, which will be paid on Monday, July 17th. Stockholders of record on Friday, June 30th will be issued a dividend of $0.1225 per share. The ex-dividend date is Thursday, June 29th. This represents a $1.47 dividend on an annualized basis and a dividend yield of 4.04%. STAG Industrial’s dividend payout ratio is currently 150.00%.
STAG Industrial Company Profile
We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.
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