MQS Management LLC Cuts Stake in STAG Industrial, Inc. (NYSE:STAG)

MQS Management LLC decreased its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 8.3% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,216 shares of the real estate investment trust’s stock after selling 1,558 shares during the period. MQS Management LLC’s holdings in STAG Industrial were worth $673,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of STAG. SG Americas Securities LLC raised its holdings in STAG Industrial by 1,527.8% in the first quarter. SG Americas Securities LLC now owns 64,118 shares of the real estate investment trust’s stock valued at $2,465,000 after buying an additional 60,179 shares during the period. Swiss National Bank boosted its position in STAG Industrial by 1.2% during the 1st quarter. Swiss National Bank now owns 358,500 shares of the real estate investment trust’s stock worth $13,781,000 after purchasing an additional 4,400 shares during the period. Sei Investments Co. raised its position in STAG Industrial by 1.9% in the first quarter. Sei Investments Co. now owns 516,165 shares of the real estate investment trust’s stock valued at $19,841,000 after purchasing an additional 9,857 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in shares of STAG Industrial by 2.8% during the first quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 110,930 shares of the real estate investment trust’s stock worth $4,264,000 after purchasing an additional 3,015 shares in the last quarter. Finally, Scout Investments Inc. grew its stake in shares of STAG Industrial by 6.3% in the first quarter. Scout Investments Inc. now owns 1,452,639 shares of the real estate investment trust’s stock valued at $54,677,000 after buying an additional 85,488 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Evercore ISI increased their price target on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Wedbush lifted their price target 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. Barclays decreased 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 report on Monday, October 28th. Finally, Wells Fargo & Company cut their target price on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $41.13.

STAG Industrial Stock Down 1.4 %

STAG Industrial stock opened at $36.79 on Wednesday. The company’s 50-day moving average price is $38.33 and its two-hundred day moving average price is $37.59. The stock has a market cap of $6.70 billion, a price-to-earnings ratio of 37.16 and a beta of 1.09. STAG Industrial, Inc. has a 52 week low of $33.99 and a 52 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.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.02%. STAG Industrial’s payout ratio is currently 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.