Exchange Traded Concepts LLC cut its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 53.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 49,074 shares of the real estate investment trust's stock after selling 56,762 shares during the quarter. Exchange Traded Concepts LLC's holdings in STAG Industrial were worth $1,660,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in STAG Industrial in the third quarter worth approximately $717,000. Geode Capital Management LLC lifted its position in shares of STAG Industrial by 0.6% in the third quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust's stock worth $133,077,000 after buying an additional 21,925 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of STAG Industrial by 169.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust's stock worth $5,176,000 after acquiring an additional 83,296 shares in the last quarter. Los Angeles Capital Management LLC raised its stake in shares of STAG Industrial by 314.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust's stock valued at $5,688,000 after acquiring an additional 110,410 shares in the last quarter. Finally, Harbor Capital Advisors Inc. boosted its position in STAG Industrial by 187.3% during the third quarter. Harbor Capital Advisors Inc. now owns 97,875 shares of the real estate investment trust's stock worth $3,826,000 after purchasing an additional 63,808 shares during the period. Hedge funds and other institutional investors own 88.67% of the company's stock.
STAG Industrial Stock Performance
STAG traded down $0.28 on Tuesday, hitting $34.38. 1,501,476 shares of the stock traded hands, compared to its average volume of 1,370,628. The business has a fifty day moving average price of $34.81 and a two-hundred day moving average price of $37.40. 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 market capitalization of $6.26 billion, a PE ratio of 34.72 and a beta of 1.09. STAG Industrial, Inc. has a 52 week low of $32.27 and a 52 week high of $41.63.
STAG Industrial Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a yield of 4.33%. STAG Industrial's dividend payout ratio is currently 150.51%.
Analysts Set New Price Targets
Several analysts recently issued reports on STAG shares. Royal Bank of Canada decreased their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating for the company in a report on Monday. Raymond James upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday, December 11th. Barclays cut their price objective on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating for the company in a research report on Tuesday. Finally, Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating on the stock in a report on Monday, November 4th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $40.38.
Check Out Our Latest Report on STAG Industrial
About STAG Industrial
(
Free Report)
STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.
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