Means Investment CO. Inc. Cuts Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Means Investment CO. Inc. lowered its stake in STAG Industrial, Inc. (NYSE:STAG) by 11.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,913 shares of the real estate investment trust’s stock after selling 1,365 shares during the quarter. Means Investment CO. Inc.’s holdings in STAG Industrial were worth $427,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. J.Safra Asset Management Corp lifted its position in shares of STAG Industrial by 708.5% in the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock worth $25,000 after buying an additional 581 shares in the last quarter. Centerpoint Advisors LLC bought a new position in shares of STAG Industrial during the 2nd quarter valued at approximately $25,000. Fidelis Capital Partners LLC bought a new position in shares of STAG Industrial during the 1st quarter valued at approximately $29,000. GAMMA Investing LLC grew its holdings in shares of 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 purchasing an additional 326 shares in the last quarter. Finally, UMB Bank n.a. increased its position in STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 306 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.2 %

STAG opened at $38.54 on Friday. 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 price is $39.19 and its 200-day moving average price is $37.43. STAG Industrial, Inc. has a one year low of $31.69 and a one year high of $41.63. The stock has a market cap of $7.02 billion, a price-to-earnings ratio of 38.54 and a beta of 1.09.

STAG Industrial Dividend Announcement

The firm 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 is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 3.84%. STAG Industrial’s dividend payout ratio (DPR) is 148.00%.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Wedbush lifted their price objective 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. Wells Fargo & Company lifted their price target on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Evercore ISI upped their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Barclays raised their price objective on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.22.

Insider Activity

In related news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the sale, the director now owns 8,758 shares in the company, valued at $357,151.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.10% of the company’s stock.

About STAG Industrial

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.