Swiss National Bank Trims Position in STAG Industrial, Inc. (NYSE:STAG)

Swiss National Bank decreased its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 355,400 shares of the real estate investment trust’s stock after selling 2,300 shares during the period. Swiss National Bank owned 0.20% of STAG Industrial worth $13,893,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. UMB Bank n.a. boosted its holdings in shares of STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after purchasing an additional 306 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of STAG Industrial by 56.1% in the 2nd 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 during the last quarter. Resources Management Corp CT ADV boosted its holdings in shares of STAG Industrial by 1.3% in the 2nd quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock valued at $1,063,000 after purchasing an additional 370 shares during the last quarter. 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. Finally, Cetera Advisors LLC boosted its holdings in shares of STAG Industrial by 1.0% in the 1st quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 409 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Wedbush raised their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays cut their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Finally, Wells Fargo & Company cut their target price on shares of 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. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, STAG Industrial has an average rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Stock Performance

STAG Industrial stock opened at $36.48 on Friday. STAG Industrial, Inc. has a 12-month low of $34.09 and a 12-month high of $41.63. The company has a market capitalization of $6.65 billion, a price-to-earnings ratio of 36.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The firm’s fifty day moving average price is $37.81 and its 200 day moving average price is $37.64.

STAG Industrial Announces Dividend

The company also recently declared 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. This represents a $1.48 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) 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.