STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Foresight Group Ltd Liability Partnership

Foresight Group Ltd Liability Partnership lessened its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 14.2% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,681 shares of the real estate investment trust’s stock after selling 18,282 shares during the quarter. STAG Industrial accounts for 1.8% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 10th largest position. Foresight Group Ltd Liability Partnership’s holdings in STAG Industrial were worth $4,327,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the business. Signaturefd LLC grew its stake in STAG Industrial by 27.0% during the 3rd quarter. Signaturefd LLC now owns 2,995 shares of the real estate investment trust’s stock valued at $117,000 after purchasing an additional 636 shares in the last quarter. Foundations Investment Advisors LLC acquired a new stake in STAG Industrial during the 3rd quarter valued at approximately $385,000. Blue Trust Inc. grew its stake in STAG Industrial by 133.5% during the 3rd quarter. Blue Trust Inc. now owns 3,159 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 1,806 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in STAG Industrial by 4.0% during the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 45,606 shares of the real estate investment trust’s stock valued at $1,783,000 after purchasing an additional 1,767 shares in the last quarter. Finally, Kapitalo Investimentos Ltda acquired a new stake in STAG Industrial during the 3rd quarter valued at approximately $403,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.3 %

NYSE:STAG opened at $37.81 on Wednesday. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $41.63. The firm has a market capitalization of $6.89 billion, a P/E ratio of 36.36 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The business has a 50 day simple moving average of $39.13 and a 200 day simple moving average of $37.44.

STAG Industrial Dividend Announcement

The business 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 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 3.91%. STAG Industrial’s dividend payout ratio is currently 142.31%.

Wall Street Analysts Forecast Growth

STAG has been the subject of a number of recent analyst reports. Barclays raised their price objective on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Wells Fargo & Company lifted their target price on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Evercore ISI lifted their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Wedbush lifted their target price on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Five investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.22.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the transaction, the director now owns 8,758 shares in the company, valued at $357,151.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.10% of the company’s stock.

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.