Glenmede Trust Co. NA Sells 5,011 Shares of STAG Industrial, Inc. (NYSE:STAG)

Glenmede Trust Co. NA cut its stake in STAG Industrial, Inc. (NYSE:STAG) by 1.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 401,988 shares of the real estate investment trust’s stock after selling 5,011 shares during the quarter. Glenmede Trust Co. NA owned 0.22% of STAG Industrial worth $15,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Cetera Investment Advisers grew its position in STAG Industrial by 763.9% in 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. Earnest Partners LLC grew its holdings in shares of STAG Industrial by 2.2% in the second 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 period. Harbor Capital Advisors Inc. increased its position in STAG Industrial by 317.6% during the second quarter. Harbor Capital Advisors Inc. now owns 34,067 shares of the real estate investment trust’s stock valued at $1,228,000 after acquiring an additional 25,909 shares during the last quarter. Los Angeles Capital Management LLC lifted its holdings in STAG Industrial by 314.5% in the third quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after acquiring an additional 110,410 shares during the period. Finally, Atria Investments Inc purchased a new position in STAG Industrial in the first quarter worth about $1,024,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Trading Up 0.9 %

Shares of STAG stock opened at $37.34 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a fifty day simple moving average of $37.65 and a two-hundred day simple moving average of $37.69. The firm has a market capitalization of $6.80 billion, a PE ratio of 37.72 and a beta of 1.09. STAG Industrial, Inc. has a 52-week low of $34.09 and a 52-week high of $41.63.

STAG Industrial Dividend Announcement

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 given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

Analyst Ratings Changes

STAG has been the subject of several recent research reports. Evercore ISI boosted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research 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 for the company in a research note on Monday, November 4th. Barclays lowered their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Finally, Wedbush upped their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, STAG Industrial has an average rating of “Hold” and an average target price of $41.13.

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.