STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Leeward Investments LLC MA

Leeward Investments LLC MA trimmed its holdings in STAG Industrial, Inc. (NYSE:STAG) by 0.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 539,513 shares of the real estate investment trust’s stock after selling 1,849 shares during the quarter. STAG Industrial makes up about 1.0% of Leeward Investments LLC MA’s holdings, making the stock its 29th biggest position. Leeward Investments LLC MA’s holdings in STAG Industrial were worth $21,090,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of STAG. J.Safra Asset Management Corp increased its stake in 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 valued at $25,000 after purchasing an additional 581 shares during the period. Centerpoint Advisors LLC acquired a new position in STAG Industrial in the 2nd quarter valued at about $25,000. Fidelis Capital Partners LLC purchased a new stake in STAG Industrial during the 1st quarter valued at approximately $29,000. GAMMA Investing LLC lifted its position in STAG Industrial by 56.1% during the 2nd 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. Finally, UMB Bank n.a. grew its stake 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. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Analyst Ratings Changes

STAG has been the subject of several recent research reports. Wedbush increased their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Barclays lowered 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 report on Monday, October 28th. Evercore ISI increased their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Wells Fargo & Company dropped their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Price Performance

STAG stock opened at $37.98 on Thursday. The company has a market cap of $6.92 billion, a price-to-earnings ratio of 38.36 and a beta of 1.09. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The firm has a 50 day moving average of $38.59 and a 200-day moving average of $37.51. STAG Industrial, Inc. has a 12-month low of $33.99 and a 12-month high of $41.63.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders 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 dividend on an annualized basis and a yield of 3.90%. STAG Industrial’s payout ratio is 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.