Zimmer Partners LP Trims Holdings in STAG Industrial, Inc. (NYSE:STAG)

Zimmer Partners LP decreased its holdings in STAG Industrial, Inc. (NYSE:STAG - Free Report) by 30.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 52,500 shares of the real estate investment trust's stock after selling 22,500 shares during the period. Zimmer Partners LP's holdings in STAG Industrial were worth $2,052,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Cetera Investment Advisers lifted its holdings in STAG Industrial by 763.9% during the 1st quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust's stock worth $2,721,000 after purchasing an additional 62,594 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust's stock worth $33,000 after buying an additional 326 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of STAG Industrial by 66.8% in 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 acquiring an additional 42,843 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake 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 acquiring an additional 797 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its holdings in STAG Industrial by 191.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,930 shares of the real estate investment trust's stock worth $70,000 after acquiring an additional 1,267 shares during the period. Institutional investors own 88.67% of the company's stock.

STAG Industrial Trading Down 0.4 %

STAG Industrial stock traded down $0.14 during mid-day trading on Friday, hitting $35.79. The company's stock had a trading volume of 882,210 shares, compared to its average volume of 1,028,944. The business has a 50 day moving average price of $37.24 and a 200-day moving average price of $37.71. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63. The stock has a market cap of $6.52 billion, a price-to-earnings ratio of 36.15 and a beta of 1.07.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 4.14%. The ex-dividend date is Tuesday, December 31st. STAG Industrial's dividend payout ratio (DPR) is presently 149.49%.

Analyst Ratings Changes

Several brokerages have commented on STAG. 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 boosted their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an "outperform" rating in a research report on Wednesday, August 28th. Finally, Barclays lowered their price target 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. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $41.13.

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.