STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Commerce Bank

Commerce Bank cut its stake in STAG Industrial, Inc. (NYSE:STAG) by 2.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 19,861 shares of the real estate investment trust’s stock after selling 459 shares during the period. Commerce Bank’s holdings in STAG Industrial were worth $776,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Centerpoint Advisors LLC bought a new stake in shares of STAG Industrial in the 2nd quarter valued at approximately $25,000. UMB Bank n.a. grew its position 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 valued at $34,000 after buying an additional 306 shares during the last quarter. GAMMA Investing LLC raised its stake in STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 326 shares during the period. Wetzel Investment Advisors Inc. bought a new position in STAG Industrial in the second quarter worth about $38,000. Finally, Blue Trust Inc. grew its holdings in shares of STAG Industrial by 1,728.4% during the second quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,279 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

STAG has been the topic of several recent research reports. Evercore ISI raised their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Wells Fargo & Company cut their target price 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. Wedbush upped their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays cut their price objective on shares of 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. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, STAG Industrial has an average rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Stock Performance

STAG stock opened at $37.16 on Tuesday. The company has a market capitalization of $6.77 billion, a P/E ratio of 37.54 and a beta of 1.09. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of $37.75 and a 200 day simple moving average of $37.68. STAG Industrial, Inc. has a fifty-two week low of $34.09 and a fifty-two week high of $41.63.

STAG Industrial Dividend Announcement

The business also recently disclosed 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. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.98%. STAG Industrial’s dividend payout ratio is presently 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.