Massachusetts Financial Services Co. MA Sells 69,775 Shares of STAG Industrial, Inc. (NYSE:STAG)

Massachusetts Financial Services Co. MA decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 1.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,707,844 shares of the real estate investment trust's stock after selling 69,775 shares during the period. Massachusetts Financial Services Co. MA owned 2.58% of STAG Industrial worth $184,030,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in STAG. Centerpoint Advisors LLC bought a new position in STAG Industrial during the 2nd quarter valued at about $25,000. GAMMA Investing LLC boosted its holdings in STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock worth $33,000 after purchasing an additional 326 shares during the last quarter. UMB Bank n.a. grew its position in STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock worth $34,000 after purchasing an additional 306 shares during the period. Wetzel Investment Advisors Inc. bought a new stake in STAG Industrial in the 2nd quarter worth approximately $38,000. Finally, Covestor Ltd raised its stake in STAG Industrial by 237.6% during the 1st quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 808 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Barclays cut their price objective on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a report on Monday, October 28th. Wells Fargo & Company reduced 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 research report on Monday, November 4th. Evercore ISI boosted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a research report on Wednesday, August 28th. Finally, Wedbush increased their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, STAG Industrial has a consensus rating of "Hold" and an average price target of $41.13.

STAG Industrial Price Performance

STAG stock traded up $0.36 during midday trading on Friday, hitting $36.48. The company's stock had a trading volume of 1,365,669 shares, compared to its average volume of 1,115,454. The firm has a market capitalization of $6.65 billion, a price-to-earnings ratio of 36.85 and a beta of 1.09. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63. The company has a 50 day moving average of $37.81 and a two-hundred day moving average of $37.64.

STAG Industrial Announces Dividend

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.06%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's payout ratio is currently 149.49%.

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.