Victory Capital Management Inc. lowered its position in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 29.8% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 339,570 shares of the real estate investment trust's stock after selling 144,170 shares during the period. Victory Capital Management Inc. owned about 0.19% of STAG Industrial worth $13,274,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the business. Centerpoint Advisors LLC bought a new position in STAG Industrial during the second quarter valued at approximately $25,000. UMB Bank n.a. raised its holdings 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 worth $34,000 after acquiring an additional 306 shares in the last quarter. GAMMA Investing LLC boosted its position in shares of STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock valued at $33,000 after acquiring an additional 326 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new position in shares of STAG Industrial in the second quarter valued at $38,000. Finally, Covestor Ltd increased its position in STAG Industrial by 237.6% in the first quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust's stock worth $44,000 after purchasing an additional 808 shares during the last quarter. 88.67% of the stock is owned by institutional investors.
STAG Industrial Stock Performance
Shares of NYSE:STAG opened at $35.99 on Thursday. 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 one year low of $34.09 and a one year high of $41.63. The firm's 50 day simple moving average is $37.94 and its 200-day simple moving average is $37.63. The firm has a market cap of $6.56 billion, a PE ratio of 36.35 and a beta of 1.09.
STAG Industrial Dividend Announcement
The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.11%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's payout ratio is 149.49%.
Wall Street Analyst Weigh In
A number of equities analysts have commented on the stock. Barclays dropped their price objective on shares of STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, October 28th. Wedbush lifted their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research report on Monday, August 5th. Evercore ISI boosted their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Finally, Wells Fargo & Company lowered their price objective on STAG Industrial from $41.00 to $38.00 and set an "equal weight" rating for the company in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $41.13.
Check Out Our Latest Stock Report on STAG
STAG Industrial Company Profile
(
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.
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