Foresight Group Ltd Liability Partnership Reduces Position in STAG Industrial, Inc. (NYSE:STAG)

Foresight Group Ltd Liability Partnership reduced its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 30.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 77,329 shares of the real estate investment trust's stock after selling 33,352 shares during the period. STAG Industrial makes up about 1.6% of Foresight Group Ltd Liability Partnership's investment portfolio, making the stock its 11th biggest position. Foresight Group Ltd Liability Partnership's holdings in STAG Industrial were worth $2,609,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. UMB Bank n.a. lifted its stake in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 306 shares in the last quarter. Coastline Trust Co purchased a new position in shares of STAG Industrial in the third quarter valued at about $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of STAG Industrial in the second quarter worth about $57,000. GAMMA Investing LLC grew its position in shares of STAG Industrial by 72.7% during the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust's stock worth $61,000 after purchasing an additional 659 shares in the last quarter. Finally, Hilltop National Bank raised its stake in STAG Industrial by 19.2% during the 4th quarter. Hilltop National Bank now owns 2,243 shares of the real estate investment trust's stock valued at $76,000 after purchasing an additional 362 shares during the period. Institutional investors own 88.67% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Raymond James upped their price target on STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Wells Fargo & Company dropped their target price on shares of STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research report on Monday, November 4th. Finally, Barclays reduced their price target on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, STAG Industrial presently has a consensus rating of "Moderate Buy" and an average price target of $41.00.

STAG Industrial Price Performance

STAG Industrial stock traded down $0.69 during mid-day trading on Friday, reaching $33.94. 1,282,924 shares of the company's stock traded hands, compared to its average volume of 1,046,833. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. 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 stock has a 50 day moving average of $35.13 and a two-hundred day moving average of $37.48. The company has a market cap of $6.18 billion, a price-to-earnings ratio of 34.28 and a beta of 1.09.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.39%. The ex-dividend date is Monday, March 31st. STAG Industrial's payout ratio is 149.49%.

STAG Industrial Profile

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.