Oppenheimer & Co. Inc. Has $5.98 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Oppenheimer & Co. Inc. trimmed its holdings in STAG Industrial, Inc. (NYSE:STAG) by 0.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 153,043 shares of the real estate investment trust’s stock after selling 1,127 shares during the period. Oppenheimer & Co. Inc. owned 0.08% of STAG Industrial worth $5,982,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Swiss National Bank increased its holdings in shares of STAG Industrial by 1.2% during the 1st quarter. Swiss National Bank now owns 358,500 shares of the real estate investment trust’s stock valued at $13,781,000 after acquiring an additional 4,400 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of STAG Industrial by 2.8% in the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,930 shares of the real estate investment trust’s stock valued at $4,264,000 after purchasing an additional 3,015 shares during the period. Centersquare Investment Management LLC lifted its stake in shares of STAG Industrial by 24.9% in the first quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock worth $4,990,000 after buying an additional 25,844 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its stake in shares of STAG Industrial by 40.1% in the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,649 shares of the real estate investment trust’s stock worth $363,000 after buying an additional 2,760 shares during the last quarter. Finally, Westfield Capital Management Co. LP boosted its holdings in shares of STAG Industrial by 12.3% during the 1st quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock worth $37,190,000 after buying an additional 106,217 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Trading Down 2.7 %

Shares of STAG opened at $36.13 on Friday. The stock’s 50-day moving average price is $38.20 and its 200 day moving average price is $37.58. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6.58 billion, a price-to-earnings ratio of 36.49 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 Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is presently 149.49%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Evercore ISI boosted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Barclays dropped their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Wells Fargo & Company decreased their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Finally, Wedbush lifted their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $41.13.

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.