Moors & Cabot Inc. Lowers Stake in STAG Industrial, Inc. (NYSE:STAG)

Moors & Cabot Inc. lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 2.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,372 shares of the real estate investment trust’s stock after selling 1,608 shares during the period. Moors & Cabot Inc.’s holdings in STAG Industrial were worth $3,142,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of the stock. Vanguard Group Inc. grew its position in STAG Industrial by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock worth $1,008,560,000 after purchasing an additional 176,332 shares during the period. Earnest Partners LLC grew its position in STAG Industrial by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after purchasing an additional 78,189 shares during the period. Dimensional Fund Advisors LP grew its position in STAG Industrial by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after purchasing an additional 167,532 shares during the period. Boston Trust Walden Corp grew its position in STAG Industrial by 1.0% during the 2nd quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock worth $92,052,000 after purchasing an additional 25,779 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its position in STAG Industrial by 7.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock worth $64,045,000 after purchasing an additional 115,480 shares during the period. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of analyst reports. Barclays dropped their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Evercore ISI raised their target price on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wedbush raised 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. Finally, Wells Fargo & Company dropped their target price on 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. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and an average price target of $41.13.

STAG Industrial Stock Performance

Shares of STAG stock opened at $35.99 on Thursday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average price of $37.94 and a 200 day moving average price of $37.63. The company has a market cap of $6.56 billion, a P/E ratio of 36.35 and a beta of 1.09. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.11%. STAG Industrial’s payout ratio is currently 149.49%.

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.