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

Vestcor Inc lowered its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 87.5% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,119 shares of the real estate investment trust’s stock after selling 14,783 shares during the period. Vestcor Inc’s holdings in STAG Industrial were worth $83,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Centerpoint Advisors LLC purchased a new stake in STAG Industrial during the 2nd quarter worth $25,000. UMB Bank n.a. increased its position in shares of STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 306 shares during the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of STAG Industrial during the second quarter worth about $38,000. Blue Trust Inc. lifted its stake in shares of STAG Industrial by 1,728.4% in the second quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock worth $52,000 after acquiring an additional 1,279 shares in the last quarter. Finally, Coastline Trust Co purchased a new position in STAG Industrial in the third quarter valued at about $55,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Evercore ISI lifted their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Raymond James lifted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday. Barclays cut 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. Finally, Wells Fargo & Company dropped their target price on shares of 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 analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $41.00.

STAG Industrial Price Performance

Shares of STAG opened at $35.93 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. The company has a market cap of $6.55 billion, a P/E ratio of 36.29 and a beta of 1.07. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63. The stock has a fifty day moving average price of $37.01 and a 200 day moving average price of $37.72.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.12%. STAG Industrial’s dividend payout ratio is presently 149.49%.

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.