Leeward Investments LLC MA Trims Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Leeward Investments LLC MA reduced its stake in STAG Industrial, Inc. (NYSE:STAG) by 0.8% during the 4th quarter, Holdings Channel reports. The fund owned 534,692 shares of the real estate investment trust’s stock after selling 4,143 shares during the period. STAG Industrial comprises about 1.0% of Leeward Investments LLC MA’s portfolio, making the stock its 23rd biggest position. Leeward Investments LLC MA’s holdings in STAG Industrial were worth $20,992,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also made changes to their positions in the company. Daiwa Securities Group Inc. lifted its position in STAG Industrial by 788.8% during the fourth quarter. Daiwa Securities Group Inc. now owns 669,393 shares of the real estate investment trust’s stock worth $26,281,000 after buying an additional 594,076 shares during the period. Invesco Ltd. lifted its position in STAG Industrial by 35.3% during the third quarter. Invesco Ltd. now owns 1,613,265 shares of the real estate investment trust’s stock worth $55,674,000 after buying an additional 420,768 shares during the period. Crestwood Advisors Group LLC purchased a new position in STAG Industrial during the third quarter worth about $10,124,000. Envestnet Asset Management Inc. lifted its position in STAG Industrial by 105.2% during the third quarter. Envestnet Asset Management Inc. now owns 449,517 shares of the real estate investment trust’s stock worth $15,513,000 after buying an additional 230,480 shares during the period. Finally, Schonfeld Strategic Advisors LLC lifted its position in STAG Industrial by 132.7% during the third quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust’s stock worth $10,823,000 after buying an additional 178,846 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Price Performance

STAG stock opened at $34.48 on Friday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. STAG Industrial, Inc. has a 1 year low of $31.69 and a 1 year high of $39.61. The firm has a market cap of $6.27 billion, a P/E ratio of 31.93, a price-to-earnings-growth ratio of 4.88 and a beta of 1.02. The stock has a 50-day simple moving average of $37.20 and a 200-day simple moving average of $36.81.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Monday, July 15th. Stockholders 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 dividend on an annualized basis and a dividend yield of 4.29%. STAG Industrial’s dividend payout ratio (DPR) is currently 137.04%.

Analyst Upgrades and Downgrades

Several brokerages have commented on STAG. Barclays began coverage on STAG Industrial in a research note on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target for the company. Royal Bank of Canada upped their price target on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. BMO Capital Markets restated an “outperform” rating and set a $42.00 price target (up from $41.00) on shares of STAG Industrial in a research note on Monday, April 8th. Finally, Robert W. Baird restated a “neutral” rating and set a $41.00 price target (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, STAG Industrial currently has a consensus rating of “Hold” and an average price target of $39.13.

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.