STAG Industrial, Inc. (NYSE:STAG) Position Decreased by Waterfront Capital Partners LLC

Waterfront Capital Partners LLC decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 49.2% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 628,680 shares of the real estate investment trust’s stock after selling 608,542 shares during the period. STAG Industrial makes up 3.4% of Waterfront Capital Partners LLC’s portfolio, making the stock its 11th biggest holding. Waterfront Capital Partners LLC’s holdings in STAG Industrial were worth $24,575,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in STAG Industrial by 7.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,451 shares of the real estate investment trust’s stock valued at $4,200,000 after buying an additional 7,877 shares in the last quarter. FORA Capital LLC lifted its stake in STAG Industrial by 130.1% in the 3rd quarter. FORA Capital LLC now owns 20,705 shares of the real estate investment trust’s stock worth $809,000 after acquiring an additional 11,707 shares in the last quarter. BNP Paribas Financial Markets boosted its position in STAG Industrial by 169.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock worth $5,176,000 after acquiring an additional 83,296 shares during the period. FMR LLC boosted its position in STAG Industrial by 145.5% during the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after acquiring an additional 4,111,268 shares during the period. Finally, Bank of Montreal Can increased its holdings in shares of STAG Industrial by 330.5% in the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock valued at $52,823,000 after purchasing an additional 1,033,485 shares during the period. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

Shares of STAG opened at $37.34 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial, Inc. has a one year low of $34.09 and a one year high of $41.63. The company’s fifty day moving average price is $37.65 and its 200 day moving average price is $37.69. The company has a market capitalization of $6.80 billion, a PE ratio of 37.72 and a beta of 1.09.

STAG Industrial Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently commented on the stock. Evercore ISI raised 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. Barclays lowered their price target 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. Wedbush increased their price objective on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, 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 report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $41.13.

About STAG Industrial

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.