United Services Automobile Association Decreases Position in STAG Industrial, Inc. (NYSE:STAG)

United Services Automobile Association lowered its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 15.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,066 shares of the real estate investment trust’s stock after selling 2,170 shares during the quarter. United Services Automobile Association’s holdings in STAG Industrial were worth $472,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of STAG. Cetera Investment Advisers increased 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 during the period. GAMMA Investing LLC raised its holdings in STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 326 shares in the last quarter. SG Americas Securities LLC raised its holdings in 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 in the last quarter. Envestnet Portfolio Solutions Inc. grew its holdings in STAG Industrial by 5.2% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 16,063 shares of the real estate investment trust’s stock worth $579,000 after acquiring an additional 797 shares in the last quarter. Finally, J.Safra Asset Management Corp increased its position in shares of STAG Industrial by 191.1% in the 2nd quarter. J.Safra Asset Management Corp now owns 1,930 shares of the real estate investment trust’s stock valued at $70,000 after purchasing an additional 1,267 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STAG has been the subject of a number of analyst reports. Evercore ISI boosted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Barclays decreased 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, October 28th. Finally, Wells Fargo & Company dropped their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial has a consensus rating of “Hold” and an average target price of $41.13.

STAG Industrial Stock Down 0.4 %

STAG Industrial stock opened at $35.79 on Monday. The company has a market capitalization of $6.52 billion, a P/E ratio of 36.15 and a beta of 1.08. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a fifty-two week low of $34.09 and a fifty-two week high of $41.63. The stock has a 50-day simple moving average of $37.24 and a 200-day simple moving average of $37.72.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, December 31st. 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.