STAG Industrial, Inc. (NYSE:STAG) Stock Holdings Lowered by Stolper Co

Stolper Co lowered its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.5% in the 3rd quarter, Holdings Channel reports. The fund owned 51,277 shares of the real estate investment trust’s stock after selling 780 shares during the period. Stolper Co’s holdings in STAG Industrial were worth $2,004,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. J.Safra Asset Management Corp grew its position in STAG Industrial by 708.5% in the 1st quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 581 shares in the last quarter. Centerpoint Advisors LLC bought a new position in STAG Industrial in the 2nd quarter valued at about $25,000. Fidelis Capital Partners LLC bought a new position in shares of STAG Industrial during the 1st quarter valued at about $29,000. GAMMA Investing LLC boosted its position in shares of STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 326 shares in the last quarter. Finally, UMB Bank n.a. boosted its position in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 306 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the stock. Evercore ISI raised their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wedbush boosted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company raised their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Barclays increased their target price on shares of STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 14th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $41.22.

Insider Buying and Selling at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now owns 8,758 shares in the company, valued at approximately $357,151.24. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.10% of the company’s stock.

STAG Industrial Price Performance

Shares of STAG stock opened at $37.01 on Friday. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $41.63. The stock has a market cap of $6.74 billion, a PE ratio of 35.42 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The firm’s 50 day moving average price is $39.36 and its two-hundred day moving average price is $37.43.

STAG Industrial Cuts Dividend

The business also recently disclosed a monthly dividend, which will be paid on Friday, November 15th. Investors of record on Thursday, October 31st will be given a $0.123 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $1.48 annualized dividend and a yield of 3.99%. STAG Industrial’s dividend payout ratio is currently 142.31%.

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.