Chartwell Investment Partners LLC Reduces Stake in STAG Industrial, Inc. (NYSE:STAG)

Chartwell Investment Partners LLC decreased its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 9.0% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 212,284 shares of the real estate investment trust's stock after selling 20,950 shares during the period. Chartwell Investment Partners LLC owned 0.12% of STAG Industrial worth $8,299,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the stock. Ceredex Value Advisors LLC bought a new position in STAG Industrial in the 2nd quarter worth about $13,188,000. Bessemer Group Inc. increased its stake in STAG Industrial by 69.3% in the 1st quarter. Bessemer Group Inc. now owns 785,916 shares of the real estate investment trust's stock worth $30,211,000 after acquiring an additional 321,785 shares during the last quarter. F M Investments LLC bought a new position in STAG Industrial in the 2nd quarter worth about $6,534,000. Vanguard Group Inc. increased its stake in STAG Industrial by 0.7% in 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 acquiring an additional 176,332 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in STAG Industrial by 6.2% in 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 acquiring an additional 167,532 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

STAG Industrial Trading Up 0.4 %

STAG traded up $0.15 on Monday, hitting $37.53. 348,129 shares of the company were exchanged, compared to its average volume of 1,068,868. The firm has a fifty day simple moving average of $38.47 and a two-hundred day simple moving average of $37.55. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a 12 month low of $33.99 and a 12 month high of $41.63. The stock has a market capitalization of $6.84 billion, a PE ratio of 37.76 and a beta of 1.09.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 3.94%. STAG Industrial's payout ratio is 149.49%.

Wall Street Analyst Weigh In

STAG has been the topic of a number of research analyst reports. Wells Fargo & Company decreased their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a research note on Monday, November 4th. 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. Barclays reduced their price objective 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, Evercore ISI increased their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. 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.com, the company currently has an average rating of "Hold" and a consensus target price of $41.13.

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.