Jeppson Wealth Management LLC Sells 508 Shares of STAG Industrial, Inc. (NYSE:STAG)

Jeppson Wealth Management LLC lessened its position in STAG Industrial, Inc. (NYSE:STAG) by 2.0% in the second quarter, HoldingsChannel.com reports. The fund owned 24,794 shares of the real estate investment trust’s stock after selling 508 shares during the period. Jeppson Wealth Management LLC’s holdings in STAG Industrial were worth $894,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Norges Bank bought a new position in shares of STAG Industrial during the 4th quarter worth approximately $69,990,000. Cohen & Steers Inc. lifted its holdings in STAG Industrial by 944.0% during the 4th quarter. Cohen & Steers Inc. now owns 1,121,330 shares of the real estate investment trust’s stock valued at $44,023,000 after purchasing an additional 1,013,926 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its position in STAG Industrial by 22.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 5,248,373 shares of the real estate investment trust’s stock worth $206,051,000 after purchasing an additional 961,420 shares during the period. Daiwa Securities Group Inc. increased its holdings in shares of STAG Industrial by 89.5% in the first quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust’s stock valued at $48,749,000 after purchasing an additional 598,788 shares during the last quarter. Finally, Ceredex Value Advisors LLC bought a new position in shares of STAG Industrial in the second quarter valued at about $13,188,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Price Performance

NYSE STAG traded down $0.10 during midday trading on Friday, hitting $39.81. The company had a trading volume of 24,590 shares, compared to its average volume of 1,081,278. The firm has a 50-day moving average price of $39.00 and a 200-day moving average price of $37.23. The company has a market capitalization of $7.25 billion, a PE ratio of 39.92, a P/E/G ratio of 4.20 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. STAG Industrial, Inc. has a twelve month low of $31.69 and a twelve month high of $41.63.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were paid a $0.1233 dividend. This represents a yield of 3.63%. The ex-dividend date of this dividend was Wednesday, July 31st. This is an increase from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s payout ratio is 148.00%.

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the transaction, the director now directly owns 8,758 shares in the company, valued at approximately $357,151.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Barclays upped their price target on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Wedbush upped their target price on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Wells Fargo & Company lifted their price target on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Evercore ISI upped their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Finally, BNP Paribas assumed coverage on STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 target price for the company. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $41.22.

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.