Pacer Advisors Inc. Has $9.94 Million Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Pacer Advisors Inc. cut its stake in STAG Industrial, Inc. (NYSE:STAG) by 2.6% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 254,158 shares of the real estate investment trust’s stock after selling 6,812 shares during the period. Pacer Advisors Inc.’s holdings in STAG Industrial were worth $9,935,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Centerpoint Advisors LLC acquired a new position in STAG Industrial in the second quarter valued at about $25,000. UMB Bank n.a. raised its stake in shares of STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring 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 worth $33,000 after acquiring an additional 326 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new stake in STAG Industrial during the 2nd quarter worth approximately $38,000. Finally, Blue Trust Inc. increased its holdings in STAG Industrial by 1,728.4% during the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock valued at $52,000 after purchasing an additional 1,279 shares in the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Up 1.0 %

Shares of NYSE STAG opened at $36.48 on Friday. STAG Industrial, Inc. has a 1 year low of $34.09 and a 1 year high of $41.63. The firm’s 50-day moving average is $37.81 and its 200-day moving average is $37.65. 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 market capitalization of $6.65 billion, a PE ratio of 36.85 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. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is presently 149.49%.

Wall Street Analyst Weigh In

Several analysts have recently commented on STAG shares. Wedbush increased their target price on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Wells Fargo & Company decreased their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Barclays dropped their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Finally, Evercore ISI increased their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $41.13.

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.