Pacer Advisors Inc. Sells 92,793 Shares of STAG Industrial, Inc. (NYSE:STAG)

Pacer Advisors Inc. lowered its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 36.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 161,365 shares of the real estate investment trust's stock after selling 92,793 shares during the quarter. Pacer Advisors Inc. owned approximately 0.09% of STAG Industrial worth $5,457,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in STAG. Marshall Wace LLP purchased a new stake in shares of STAG Industrial in the 2nd quarter worth about $4,094,000. Squarepoint Ops LLC bought a new position in shares of STAG Industrial during the second quarter valued at $422,000. AQR Capital Management LLC lifted its holdings in STAG Industrial by 75.8% in the second quarter. AQR Capital Management LLC now owns 177,841 shares of the real estate investment trust's stock valued at $6,226,000 after acquiring an additional 76,656 shares during the period. The Manufacturers Life Insurance Company boosted its position in STAG Industrial by 2.4% in the second quarter. The Manufacturers Life Insurance Company now owns 184,646 shares of the real estate investment trust's stock worth $6,658,000 after purchasing an additional 4,366 shares during the last quarter. Finally, Algert Global LLC bought a new stake in shares of STAG Industrial during the 2nd quarter valued at about $660,000. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on STAG shares. Wells Fargo & Company lowered their price objective on shares of 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. Royal Bank of Canada decreased their price target on shares of STAG Industrial from $40.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Monday. Raymond James boosted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a research report on Wednesday, December 11th. Finally, Barclays decreased their target price on STAG Industrial from $40.00 to $37.00 and set an "equal weight" rating on the stock in a report on Tuesday. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $40.38.

STAG Industrial Price Performance

NYSE STAG traded up $0.63 during trading hours on Thursday, reaching $34.49. The company's stock had a trading volume of 709,389 shares, compared to its average volume of 1,301,594. The company has a market capitalization of $6.28 billion, a price-to-earnings ratio of 34.83 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 1 year low of $32.27 and a 1 year high of $41.63. The firm's 50-day moving average price is $34.77 and its 200-day moving average price is $37.38.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be paid a dividend of $0.1242 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.32%. STAG Industrial's payout ratio is 149.49%.

About STAG Industrial

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.