Waterfront Capital Partners LLC Lowers Holdings in STAG Industrial, Inc. (NYSE:STAG)

Waterfront Capital Partners LLC trimmed its holdings in shares of STAG Industrial, Inc. (NYSE:STAG - Free Report) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 628,680 shares of the real estate investment trust's stock after selling 608,542 shares during the period. STAG Industrial makes up about 3.4% of Waterfront Capital Partners LLC's portfolio, making the stock its 11th biggest position. Waterfront Capital Partners LLC owned about 0.35% of STAG Industrial worth $24,575,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in STAG. Centerpoint Advisors LLC purchased a new stake in STAG Industrial in the second quarter valued at $25,000. UMB Bank n.a. increased its holdings in STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust's stock valued at $34,000 after buying an additional 306 shares in the last quarter. GAMMA Investing LLC boosted its stake 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 worth $33,000 after acquiring an additional 326 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of STAG Industrial during the 2nd quarter valued at about $38,000. Finally, Blue Trust Inc. increased its stake in shares of STAG Industrial by 1,728.4% in the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust's stock valued at $52,000 after purchasing an additional 1,279 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Price Performance

STAG stock traded down $0.43 during mid-day trading on Friday, reaching $36.79. The company's stock had a trading volume of 714,318 shares, compared to its average volume of 1,072,094. STAG Industrial, Inc. has a fifty-two week low of $34.09 and a fifty-two week high of $41.63. 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 cap of $6.70 billion, a PE ratio of 37.16 and a beta of 1.09. The company's 50 day moving average is $37.59 and its two-hundred day moving average is $37.69.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.02%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial's dividend payout ratio (DPR) is presently 149.49%.

Analyst Upgrades and Downgrades

Several analysts have commented on STAG shares. Barclays dropped their price objective on STAG Industrial from $42.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, October 28th. 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. Evercore ISI increased their price objective 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. Finally, Wedbush boosted their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an "outperform" rating in a research note on Monday, August 5th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat, STAG Industrial has an average rating of "Hold" and a consensus price target of $41.13.

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.