Pensionfund DSM Netherlands trimmed its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 25.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 58,880 shares of the real estate investment trust's stock after selling 20,000 shares during the period. STAG Industrial makes up approximately 1.2% of Pensionfund DSM Netherlands' holdings, making the stock its 27th biggest holding. Pensionfund DSM Netherlands' holdings in STAG Industrial were worth $1,991,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. UMB Bank n.a. lifted its stake in 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 acquiring an additional 306 shares during the period. Wetzel Investment Advisors Inc. acquired a new position in STAG Industrial in the second quarter valued at approximately $38,000. Coastline Trust Co acquired a new stake in shares of STAG Industrial during the 3rd quarter worth approximately $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in STAG Industrial in the second quarter valued at $57,000. Finally, GAMMA Investing LLC raised its position in shares of STAG Industrial by 72.7% in the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust's stock worth $61,000 after acquiring an additional 659 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
STAG has been the topic of a number of recent analyst reports. Barclays lowered their price target on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a research report on Monday, October 28th. Raymond James boosted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an "outperform" rating in a research note on Wednesday, December 11th. Finally, Wells Fargo & Company lowered their price objective 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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $41.00.
View Our Latest Research Report on STAG Industrial
STAG Industrial Trading Down 0.7 %
STAG Industrial stock traded down $0.24 during midday trading on Monday, hitting $33.14. 1,093,921 shares of the stock were exchanged, compared to its average volume of 1,305,073. 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 stock has a market capitalization of $6.04 billion, a price-to-earnings ratio of 33.47 and a beta of 1.09. The stock's 50-day simple moving average is $35.90 and its 200 day simple moving average is $37.65. STAG Industrial, Inc. has a fifty-two week low of $32.79 and a fifty-two week high of $41.63.
STAG Industrial Dividend Announcement
The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.47%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's dividend payout ratio (DPR) is presently 149.49%.
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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