UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Cuts Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC trimmed its stake in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 5.5% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 251,654 shares of the real estate investment trust's stock after selling 14,597 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.14% of STAG Industrial worth $9,837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently made changes to their positions in STAG. Cetera Investment Advisers increased its holdings in STAG Industrial by 763.9% during the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust's stock valued at $2,721,000 after buying an additional 62,594 shares during the last quarter. GAMMA Investing LLC increased its holdings in STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock valued at $33,000 after buying an additional 326 shares during the last quarter. SG Americas Securities LLC increased its holdings in STAG Industrial by 66.8% during the second quarter. SG Americas Securities LLC now owns 106,961 shares of the real estate investment trust's stock valued at $3,857,000 after buying an additional 42,843 shares during the last quarter. Envestnet Portfolio Solutions Inc. increased its holdings in STAG Industrial by 5.2% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,063 shares of the real estate investment trust's stock valued at $579,000 after buying an additional 797 shares during the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in STAG Industrial by 191.1% during the second quarter. J.Safra Asset Management Corp now owns 1,930 shares of the real estate investment trust's stock valued at $70,000 after buying an additional 1,267 shares during the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on STAG shares. Wells Fargo & Company reduced their price objective on shares of 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. Evercore ISI increased their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research note on Wednesday, August 28th. Finally, Barclays reduced 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. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $41.13.

STAG Industrial Price Performance

STAG stock traded up $0.82 during trading on Monday, hitting $36.61. 1,117,608 shares of the company's stock traded hands, compared to its average volume of 1,072,630. STAG Industrial, Inc. has a 52 week low of $34.09 and a 52 week high of $41.63. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 36.98 and a beta of 1.08. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The business has a fifty day simple moving average of $37.19 and a 200 day simple moving average of $37.73.

STAG Industrial Dividend Announcement

The business 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. This represents a $1.48 annualized dividend and a yield of 4.04%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's dividend payout ratio is presently 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.