Raymond James & Associates Lowers Holdings in STAG Industrial, Inc. (NYSE:STAG)

Raymond James & Associates lessened its holdings in shares of STAG Industrial, Inc. (NYSE:STAGFree Report) by 2.9% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 171,461 shares of the real estate investment trust’s stock after selling 5,049 shares during the quarter. Raymond James & Associates owned 0.09% of STAG Industrial worth $6,702,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. J.Safra Asset Management Corp raised its stake in shares of STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after purchasing an additional 581 shares during the period. Centerpoint Advisors LLC acquired a new stake in STAG Industrial during the second quarter worth about $25,000. Fidelis Capital Partners LLC acquired a new position in STAG Industrial during the 1st quarter valued at approximately $29,000. GAMMA Investing LLC grew its position in shares of STAG Industrial by 56.1% during the second 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 during the last quarter. Finally, UMB Bank n.a. raised its holdings in shares of STAG Industrial by 54.1% during 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 during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on STAG shares. Evercore ISI increased their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wedbush boosted their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company boosted their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Barclays reduced their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $41.00.

View Our Latest Research Report on STAG

STAG Industrial Trading Up 2.1 %

Shares of NYSE:STAG opened at $37.83 on Thursday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The stock’s 50-day moving average is $38.89 and its 200-day moving average is $37.44. The company has a market cap of $6.89 billion, a P/E ratio of 36.38 and a beta of 1.09. STAG Industrial, Inc. has a 52-week low of $32.78 and a 52-week high of $41.63.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.91%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 142.31%.

STAG Industrial 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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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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