Miller Howard Investments Inc. NY Cuts Stake in STAG Industrial, Inc. (NYSE:STAG)

Miller Howard Investments Inc. NY lessened its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 4.5% in the 4th quarter, HoldingsChannel.com reports. The firm owned 599,441 shares of the real estate investment trust’s stock after selling 28,252 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in STAG Industrial were worth $20,273,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in STAG. FMR LLC increased its holdings in shares of STAG Industrial by 145.5% in the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after purchasing an additional 4,111,268 shares during the period. Bank of Montreal Can increased its holdings in STAG Industrial by 330.5% in the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock worth $52,823,000 after buying an additional 1,033,485 shares during the period. Westfield Capital Management Co. LP lifted its stake in STAG Industrial by 36.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock valued at $65,303,000 after acquiring an additional 442,618 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of STAG Industrial by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after acquiring an additional 227,629 shares during the last quarter. Finally, Heitman Real Estate Securities LLC raised its holdings in shares of STAG Industrial by 19.8% during the third quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock worth $41,588,000 after purchasing an additional 175,993 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Stock Down 0.6 %

NYSE STAG opened at $34.67 on Friday. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The company has a market cap of $6.32 billion, a P/E ratio of 35.02 and a beta of 1.09. The business has a fifty day moving average price of $34.42 and a 200 day moving average price of $37.15. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.30%. STAG Industrial’s dividend payout ratio is presently 150.51%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Royal Bank of Canada reduced their price objective on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research note on Monday, January 27th. Barclays decreased their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Raymond James boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company dropped their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.