Ninepoint Partners LP Sells 621 Shares of STAG Industrial, Inc. (NYSE:STAG)

Ninepoint Partners LP decreased its holdings in STAG Industrial, Inc. (NYSE:STAG) by 17.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,929 shares of the real estate investment trust’s stock after selling 621 shares during the period. Ninepoint Partners LP’s holdings in STAG Industrial were worth $115,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Eagle Bay Advisors LLC purchased a new stake in shares of STAG Industrial during the 2nd quarter valued at about $27,000. Fifth Third Bancorp boosted its stake in shares of STAG Industrial by 121.3% during the 3rd quarter. Fifth Third Bancorp now owns 905 shares of the real estate investment trust’s stock worth $31,000 after acquiring an additional 496 shares during the last quarter. Rational Advisors LLC purchased a new position in STAG Industrial during the third quarter valued at $42,000. IFP Advisors Inc grew its holdings in STAG Industrial by 52.6% during the second quarter. IFP Advisors Inc now owns 1,401 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 483 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its holdings in STAG Industrial by 304.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,625 shares of the real estate investment trust’s stock worth $53,000 after acquiring an additional 1,223 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Up 1.5 %

Shares of STAG stock traded up $0.50 during mid-day trading on Friday, hitting $34.88. The stock had a trading volume of 622,127 shares, compared to its average volume of 1,126,005. The firm has a market capitalization of $6.34 billion, a P/E ratio of 31.82, a price-to-earnings-growth ratio of 4.92 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61. The firm’s 50-day moving average is $37.58 and its two-hundred day moving average is $36.77.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.1233 dividend. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.24%. STAG Industrial’s dividend payout ratio (DPR) is 137.04%.

Analyst Ratings Changes

STAG has been the topic of a number of recent analyst reports. Robert W. Baird reissued a “neutral” rating and set a $41.00 price target (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Barclays started coverage on STAG Industrial in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 target price for the company. BMO Capital Markets restated an “outperform” rating and set a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Finally, Royal Bank of Canada lifted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $39.13.

STAG Industrial Company Profile

We are a REIT focused on the acquisition, ownership, and operation of industrial properties throughout the United States. Our platform is designed to (i) identify properties for acquisition that offer relative value across CBRE-EA Tier 1 industrial real estate markets, industries, and tenants through the principled application of our proprietary risk assessment model, (ii) provide growth through sophisticated industrial operation and an attractive opportunity set, and (iii) capitalize our business appropriately given the characteristics of our assets.