Tidal Investments LLC Sells 462 Shares of STAG Industrial, Inc. (NYSE:STAG)

Tidal Investments LLC lessened its stake in STAG Industrial, Inc. (NYSE:STAG) by 8.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 5,316 shares of the real estate investment trust’s stock after selling 462 shares during the quarter. Tidal Investments LLC’s holdings in STAG Industrial were worth $208,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Centerpoint Advisors LLC bought a new stake in STAG Industrial during the second quarter worth $25,000. UMB Bank n.a. increased its stake 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 purchasing an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. bought a new stake in shares of STAG Industrial in the 2nd quarter valued at about $38,000. Coastline Trust Co acquired a new stake in STAG Industrial in the 3rd quarter valued at about $55,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in STAG Industrial during the second quarter worth about $57,000. 88.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the company. 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 note on Wednesday, August 28th. Wells Fargo & Company cut their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Barclays decreased 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 report on Monday, October 28th. Finally, Raymond James raised their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.00.

STAG Industrial Price Performance

NYSE:STAG opened at $34.18 on Thursday. STAG Industrial, Inc. has a 52 week low of $33.18 and a 52 week high of $41.63. 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 firm’s 50-day simple moving average is $36.49 and its 200 day simple moving average is $37.71. The firm has a market cap of $6.23 billion, a price-to-earnings ratio of 34.53 and a beta of 1.08.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.33%. STAG Industrial’s payout ratio is 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.