STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Eliot Finkel Investment Counsel LLC

Eliot Finkel Investment Counsel LLC trimmed its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.8% during the third quarter, HoldingsChannel reports. The fund owned 54,890 shares of the real estate investment trust’s stock after selling 2,190 shares during the quarter. STAG Industrial comprises approximately 1.3% of Eliot Finkel Investment Counsel LLC’s holdings, making the stock its 26th largest position. Eliot Finkel Investment Counsel LLC’s holdings in STAG Industrial were worth $2,146,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. J.Safra Asset Management Corp lifted its position in shares of STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after purchasing an additional 581 shares during the last quarter. Centerpoint Advisors LLC bought a new position in STAG Industrial during the 2nd quarter worth approximately $25,000. Fidelis Capital Partners LLC acquired a new position in shares of STAG Industrial in the 1st quarter worth approximately $29,000. GAMMA Investing LLC raised its position in shares of STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 326 shares in the last quarter. Finally, UMB Bank n.a. raised its position in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 306 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the transaction, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.10% of the company’s stock.

Analysts Set New Price Targets

STAG has been the subject of a number of research reports. Evercore ISI lifted their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Barclays boosted their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Wedbush raised their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company boosted their price objective on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.22.

STAG Industrial Trading Up 0.2 %

Shares of NYSE:STAG opened at $38.54 on Friday. The company has a 50 day moving average of $39.19 and a 200-day moving average of $37.43. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. The firm has a market cap of $7.02 billion, a P/E ratio of 37.05 and a beta of 1.09. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $41.63.

STAG Industrial Announces Dividend

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.84%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is presently 142.31%.

STAG Industrial 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.