Charles Schwab Investment Management Inc. Sells 372,287 Shares of STAG Industrial, Inc. (NYSE:STAG)

Charles Schwab Investment Management Inc. decreased its holdings in STAG Industrial, Inc. (NYSE:STAG) by 12.3% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,655,131 shares of the real estate investment trust’s stock after selling 372,287 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 1.48% of STAG Industrial worth $95,266,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of STAG. Commonwealth Equity Services LLC boosted its position in STAG Industrial by 2.1% during the first quarter. Commonwealth Equity Services LLC now owns 94,831 shares of the real estate investment trust’s stock valued at $3,207,000 after acquiring an additional 1,933 shares during the last quarter. Russell Investments Group Ltd. boosted its position in STAG Industrial by 14.3% during the first quarter. Russell Investments Group Ltd. now owns 614,021 shares of the real estate investment trust’s stock valued at $20,766,000 after acquiring an additional 76,753 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in STAG Industrial by 3.1% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 85,852 shares of the real estate investment trust’s stock valued at $2,904,000 after acquiring an additional 2,548 shares during the last quarter. Y Intercept Hong Kong Ltd bought a new stake in STAG Industrial during the first quarter valued at $357,000. Finally, Bailard Inc. bought a new stake in STAG Industrial during the first quarter valued at $350,000. Institutional investors own 88.68% of the company’s stock.

Insiders Place Their Bets

In other STAG Industrial news, Director Benjamin S. Butcher sold 3,150 shares of the company’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $36.45, for a total value of $114,817.50. Following the completion of the sale, the director now directly owns 38,938 shares of the company’s stock, valued at approximately $1,419,290.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on STAG shares. StockNews.com started coverage on shares of STAG Industrial in a report on Thursday, October 5th. They set a “hold” rating on the stock. Evercore ISI dropped their price objective on shares of STAG Industrial from $41.00 to $39.00 in a report on Monday, October 9th. Raymond James dropped their price objective on shares of STAG Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Royal Bank of Canada lowered shares of STAG Industrial from an “outperform” rating to a “sector perform” rating and dropped their price objective for the company from $42.00 to $39.00 in a report on Friday, November 3rd. Finally, Citigroup upped their target price on shares of STAG Industrial from $33.00 to $37.00 and gave the stock a “neutral” rating in a report on Friday, August 11th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, STAG Industrial has an average rating of “Hold” and an average price target of $38.00.

STAG Industrial Trading Up 0.9 %

Shares of STAG stock opened at $36.07 on Tuesday. STAG Industrial, Inc. has a 52-week low of $31.01 and a 52-week high of $38.83. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.31 and a current ratio of 1.31. The company has a 50-day simple moving average of $34.48 and a two-hundred day simple moving average of $35.43. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 35.36, a PEG ratio of 8.46 and a beta of 1.02.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Friday, December 29th will be given a $0.1225 dividend. This represents a $1.47 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date is Thursday, December 28th. STAG Industrial’s payout ratio is 144.12%.

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.