Pacer Advisors Inc. Sells 6,812 Shares of STAG Industrial, Inc. (NYSE:STAG)

Pacer Advisors Inc. trimmed its holdings in STAG Industrial, Inc. (NYSE:STAG) by 2.6% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 254,158 shares of the real estate investment trust’s stock after selling 6,812 shares during the period. Pacer Advisors Inc. owned 0.14% of STAG Industrial worth $9,935,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in STAG. Centerpoint Advisors LLC bought a new position in shares of STAG Industrial in the 2nd quarter valued at approximately $25,000. GAMMA Investing LLC raised its position in shares of STAG Industrial by 56.1% in the second 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 during the period. UMB Bank n.a. lifted its stake in shares of STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of STAG Industrial during the 2nd quarter worth $38,000. Finally, Blue Trust Inc. raised its holdings in STAG Industrial by 1,728.4% in the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,279 shares during the period. 88.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on STAG. Wells Fargo & Company decreased their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Evercore ISI raised their target price on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Barclays dropped their price target 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. Finally, Wedbush increased their price objective on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Price Performance

Shares of STAG stock opened at $36.48 on Friday. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63. The company has a market capitalization of $6.65 billion, a P/E ratio of 36.85 and a beta of 1.09. The stock has a 50 day moving average of $37.81 and a two-hundred day moving average of $37.65. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87.

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 given a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.06%. STAG Industrial’s dividend payout ratio (DPR) 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.