Vestcor Inc Has $83,000 Holdings in STAG Industrial, Inc. (NYSE:STAG)

Vestcor Inc cut its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 87.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,119 shares of the real estate investment trust's stock after selling 14,783 shares during the period. Vestcor Inc's holdings in STAG Industrial were worth $83,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. UMB Bank n.a. lifted its position 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 acquiring an additional 306 shares during the last quarter. Resources Management Corp CT ADV lifted its holdings in shares of STAG Industrial by 1.3% during the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust's stock valued at $1,063,000 after purchasing an additional 370 shares during the last quarter. State of Alaska Department of Revenue boosted its position in shares of STAG Industrial by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust's stock valued at $4,204,000 after purchasing an additional 390 shares during the period. Atria Investments Inc increased its stake in STAG Industrial by 1.6% in the 3rd quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust's stock worth $1,033,000 after purchasing an additional 414 shares in the last quarter. Finally, OVERSEA CHINESE BANKING Corp Ltd raised its holdings in STAG Industrial by 0.4% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 111,167 shares of the real estate investment trust's stock worth $4,346,000 after buying an additional 421 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

STAG has been the subject of several recent analyst reports. Barclays decreased their target price 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. 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 report on Monday, November 4th. Raymond James increased their target price on STAG Industrial from $39.00 to $40.00 and gave the company an "outperform" rating in a report on Wednesday. Finally, Evercore ISI lifted their price target on STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, STAG Industrial currently has an average rating of "Hold" and an average target price of $41.00.

STAG Industrial Stock Up 0.8 %

Shares of NYSE STAG traded up $0.29 during mid-day trading on Friday, reaching $35.93. The company had a trading volume of 1,335,265 shares, compared to its average volume of 1,071,250. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a twelve month low of $34.09 and a twelve month high of $41.63. The stock's 50 day moving average is $37.01 and its 200-day moving average is $37.74. The stock has a market capitalization of $6.55 billion, a PE ratio of 36.29 and a beta of 1.07.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 4.12%. STAG Industrial's payout ratio is 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.