Outlook Wealth Advisors LLC Sells 667 Shares of STAG Industrial, Inc. (NYSE:STAG)

Outlook Wealth Advisors LLC lowered its stake in STAG Industrial, Inc. (NYSE:STAG) by 7.9% in the 1st quarter, Holdings Channel reports. The firm owned 7,752 shares of the real estate investment trust’s stock after selling 667 shares during the quarter. Outlook Wealth Advisors LLC’s holdings in STAG Industrial were worth $298,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. AE Wealth Management LLC grew its stake in STAG Industrial by 44.2% during the third quarter. AE Wealth Management LLC now owns 54,618 shares of the real estate investment trust’s stock valued at $1,885,000 after acquiring an additional 16,735 shares in the last quarter. SG Americas Securities LLC grew its position in shares of STAG Industrial by 87.3% during the 3rd quarter. SG Americas Securities LLC now owns 34,856 shares of the real estate investment trust’s stock valued at $1,203,000 after purchasing an additional 16,247 shares in the last quarter. Tectonic Advisors LLC bought a new position in shares of STAG Industrial in the third quarter worth $267,000. Raymond James & Associates raised its position in shares of STAG Industrial by 0.7% in the third quarter. Raymond James & Associates now owns 243,077 shares of the real estate investment trust’s stock worth $8,389,000 after buying an additional 1,755 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake in STAG Industrial by 1.5% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 90,891 shares of the real estate investment trust’s stock valued at $3,137,000 after buying an additional 1,374 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

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

STAG Industrial Trading Down 0.2 %

NYSE STAG traded down $0.06 during trading on Friday, hitting $34.48. 1,268,933 shares of the company’s stock traded hands, compared to its average volume of 960,383. The stock has a fifty day moving average of $37.20 and a two-hundred day moving average of $36.81. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61. The firm has a market cap of $6.27 billion, a P/E ratio of 31.93, a PEG ratio of 4.88 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 Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.29%. STAG Industrial’s payout ratio is 137.04%.

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.