Bahl & Gaynor Inc. Trims Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Bahl & Gaynor Inc. cut its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,525 shares of the real estate investment trust’s stock after selling 1,610 shares during the period. Bahl & Gaynor Inc.’s holdings in STAG Industrial were worth $924,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Motley Fool Asset Management LLC increased its stake in STAG Industrial by 7.8% during the fourth quarter. Motley Fool Asset Management LLC now owns 62,465 shares of the real estate investment trust’s stock worth $2,452,000 after purchasing an additional 4,509 shares during the period. VCI Wealth Management LLC purchased a new stake in STAG Industrial during the fourth quarter worth about $830,000. Bailard Inc. purchased a new stake in STAG Industrial during the fourth quarter worth about $850,000. Yousif Capital Management LLC increased its stake in shares of STAG Industrial by 8.4% during the fourth quarter. Yousif Capital Management LLC now owns 90,653 shares of the real estate investment trust’s stock worth $3,559,000 after buying an additional 7,035 shares during the period. Finally, Wolverine Asset Management LLC purchased a new stake in shares of STAG Industrial during the fourth quarter worth approximately $1,677,000. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of recent research reports. Barclays initiated coverage on shares of STAG Industrial in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 target price on the stock. BMO Capital Markets restated an “outperform” rating and set a $42.00 target price (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Robert W. Baird restated a “neutral” rating and set a $41.00 target price (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Finally, Royal Bank of Canada upped their target price 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 equities research 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 company has an average rating of “Hold” and a consensus target price of $39.13.

STAG Industrial Stock Performance

Shares of STAG opened at $34.48 on Friday. The stock has a 50 day moving average price of $37.20 and a 200 day moving average price of $36.81. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 0.76. The company has a market capitalization of $6.27 billion, a price-to-earnings ratio of 31.93, a price-to-earnings-growth ratio of 4.88 and a beta of 1.02. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.29%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is 137.04%.

About STAG Industrial

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.