Integrated Investment Consultants LLC Reduces Position in STAG Industrial, Inc. (NYSE:STAG)

Integrated Investment Consultants LLC lessened its stake in STAG Industrial, Inc. (NYSE:STAG) by 2.9% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,084 shares of the real estate investment trust’s stock after selling 366 shares during the period. Integrated Investment Consultants LLC’s holdings in STAG Industrial were worth $472,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Earnest Partners LLC increased its stake in shares of STAG Industrial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after acquiring an additional 78,189 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of STAG Industrial by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after purchasing an additional 167,532 shares during the period. Boston Trust Walden Corp increased its position in STAG Industrial by 1.0% during the second quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock worth $92,052,000 after purchasing an additional 25,779 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in STAG Industrial by 7.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock worth $64,045,000 after purchasing an additional 115,480 shares during the period. Finally, Segall Bryant & Hamill LLC boosted its holdings in STAG Industrial by 1.1% in the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,093,154 shares of the real estate investment trust’s stock valued at $42,731,000 after purchasing an additional 11,730 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analysts Set New Price Targets

STAG has been the subject of a number of recent analyst reports. Barclays cut their price target 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. Evercore ISI raised their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Wedbush upped their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company cut their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Stock Performance

NYSE STAG opened at $36.12 on Friday. The company has a market cap of $6.58 billion, a P/E ratio of 36.48 and a beta of 1.09. STAG Industrial, Inc. has a 1-year low of $34.09 and a 1-year high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a 50-day moving average of $37.88 and a two-hundred day moving average of $37.62.

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 paid a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.10%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s payout ratio is currently 149.49%.

STAG Industrial Company 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.