STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Barclays PLC

Barclays PLC trimmed its holdings in STAG Industrial, Inc. (NYSE:STAG) by 1.2% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 232,271 shares of the real estate investment trust’s stock after selling 2,887 shares during the period. Barclays PLC owned 0.13% of STAG Industrial worth $9,080,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in STAG. UMB Bank n.a. lifted its holdings in shares of STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 306 shares during the period. Resources Management Corp CT ADV raised its stake in STAG Industrial by 1.3% during the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 370 shares during the period. State of Alaska Department of Revenue boosted its holdings in shares of STAG Industrial by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock valued at $4,204,000 after purchasing an additional 390 shares during the last quarter. Atria Investments Inc grew its stake in shares of STAG Industrial by 1.6% during the 3rd quarter. Atria Investments Inc now owns 26,428 shares of the real estate investment trust’s stock valued at $1,033,000 after buying an additional 414 shares during the period. Finally, OVERSEA CHINESE BANKING Corp Ltd increased its holdings in shares of STAG Industrial by 0.4% during the 3rd quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 111,167 shares of the real estate investment trust’s stock worth $4,346,000 after buying an additional 421 shares during 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 weighed in on STAG shares. Evercore ISI lifted their target price on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Wells Fargo & Company reduced their price objective on 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. Barclays decreased their target price 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, Raymond James raised their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $41.00.

STAG Industrial Stock Performance

STAG Industrial stock opened at $35.38 on Wednesday. The firm has a market capitalization of $6.45 billion, a PE ratio of 35.74 and a beta of 1.07. STAG Industrial, Inc. has a one year low of $34.09 and a one year high of $41.63. The stock’s 50 day moving average price is $36.94 and its 200 day moving average price is $37.77. 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 Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.18%. 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.