Janus Henderson Group PLC decreased its position in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 16.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,900,765 shares of the real estate investment trust's stock after selling 562,849 shares during the period. Janus Henderson Group PLC owned about 1.59% of STAG Industrial worth $113,385,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently modified their holdings of STAG. Atria Investments Inc acquired a new stake in shares of STAG Industrial during the first quarter worth approximately $1,024,000. Cetera Investment Advisers increased its holdings in shares of STAG Industrial by 763.9% during the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust's stock worth $2,721,000 after buying an additional 62,594 shares in the last quarter. Cetera Advisors LLC increased its holdings in shares of STAG Industrial by 1.0% during the first quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust's stock worth $1,552,000 after buying an additional 409 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock worth $33,000 after buying an additional 326 shares in the last quarter. Finally, Kingswood Wealth Advisors LLC increased its holdings in shares of STAG Industrial by 13.1% during the second quarter. Kingswood Wealth Advisors LLC now owns 6,198 shares of the real estate investment trust's stock worth $223,000 after buying an additional 719 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company's stock.
Analyst Ratings Changes
A number of analysts recently weighed in on the stock. Barclays lowered their price target on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Evercore ISI raised their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company lowered 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. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $41.13.
Check Out Our Latest Research Report on STAG
STAG Industrial Trading Down 0.6 %
Shares of NYSE STAG traded down $0.21 during midday trading on Thursday, reaching $35.93. 1,760,777 shares of the stock were exchanged, compared to its average volume of 1,074,178. The business has a 50-day simple moving average of $37.37 and a two-hundred day simple moving average of $37.71. The company has a market capitalization of $6.55 billion, a price-to-earnings ratio of 36.51 and a beta of 1.07. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.
STAG Industrial Dividend Announcement
The company also recently declared 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. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.12%. STAG Industrial's dividend payout ratio is 149.49%.
About STAG Industrial
(
Free Report)
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.
Read More
Before you consider STAG Industrial, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and STAG Industrial wasn't on the list.
While STAG Industrial currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
