Oppenheimer & Co. Inc. Has $5.98 Million Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Oppenheimer & Co. Inc. decreased its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 0.7% in the third quarter, Holdings Channel reports. The firm owned 153,043 shares of the real estate investment trust’s stock after selling 1,127 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in STAG Industrial were worth $5,982,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in STAG. Centerpoint Advisors LLC acquired a new stake in shares of STAG Industrial during the 2nd quarter worth about $25,000. GAMMA Investing LLC increased its holdings in shares of STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 326 shares in the last quarter. 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 worth $34,000 after acquiring an additional 306 shares in the last quarter. Wetzel Investment Advisors Inc. bought a new position in STAG Industrial in the 2nd quarter valued at $38,000. Finally, Covestor Ltd boosted its stake in STAG Industrial by 237.6% in the first quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust’s stock worth $44,000 after purchasing an additional 808 shares in the last quarter. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Down 2.7 %

Shares of NYSE:STAG opened at $36.13 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 stock has a market cap of $6.58 billion, a price-to-earnings ratio of 36.49 and a beta of 1.09. The company has a 50 day moving average of $38.20 and a 200-day moving average of $37.58. STAG Industrial, Inc. has a one year low of $34.09 and a one year high of $41.63.

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 4.10%. 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

A number of analysts have recently weighed in on the company. Barclays lowered their target price on 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. Evercore ISI raised their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wedbush upped their target price on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Wells Fargo & Company lowered their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, STAG Industrial currently 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.