State Street Corp Has $352.34 Million Position in STAG Industrial, Inc. (NYSE:STAG)

State Street Corp cut its stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 0.8% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,985,406 shares of the real estate investment trust's stock after selling 75,273 shares during the period. State Street Corp owned approximately 4.93% of STAG Industrial worth $352,343,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. FMR LLC lifted its holdings in shares of STAG Industrial by 145.5% during the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust's stock worth $271,132,000 after acquiring an additional 4,111,268 shares during the period. Earnest Partners LLC lifted its holdings in shares of STAG Industrial by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust's stock worth $131,727,000 after acquiring an additional 78,189 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in STAG Industrial by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust's stock valued at $123,883,000 after purchasing an additional 227,629 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in STAG Industrial by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust's stock valued at $103,333,000 after purchasing an additional 167,532 shares during the last quarter. Finally, Boston Trust Walden Corp lifted its holdings in STAG Industrial by 1.0% during the 2nd quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust's stock valued at $92,052,000 after purchasing an additional 25,779 shares during the last quarter. 88.67% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Evercore ISI lifted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an "outperform" rating in a report on Wednesday, August 28th. Barclays cut their price target 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. Finally, Wells Fargo & Company cut 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 report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $41.13.

STAG Industrial Trading Down 1.5 %

Shares of NYSE:STAG traded down $0.56 during trading on Tuesday, hitting $36.07. 608,683 shares of the company's stock were exchanged, compared to its average volume of 1,071,606. STAG Industrial, Inc. has a 1-year low of $34.09 and a 1-year high of $41.63. The firm has a 50-day moving average price of $37.19 and a two-hundred day moving average price of $37.73. 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 firm has a market cap of $6.57 billion, a P/E ratio of 36.98 and a beta of 1.08.

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 given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.10%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's dividend payout ratio is 149.49%.

About STAG Industrial

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.