STAG Industrial, Inc. (NYSE:STAG) Stock Position Decreased by ProShare Advisors LLC

ProShare Advisors LLC reduced its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 3.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,587 shares of the real estate investment trust’s stock after selling 271 shares during the quarter. ProShare Advisors LLC’s holdings in STAG Industrial were worth $310,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the stock. J.Safra Asset Management Corp raised its holdings in shares of STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 581 shares during the last quarter. Centerpoint Advisors LLC bought a new stake in STAG Industrial during the 2nd quarter valued at $25,000. Fidelis Capital Partners LLC acquired a new position in STAG Industrial during the 1st quarter worth $29,000. GAMMA Investing LLC boosted its position in STAG Industrial by 56.1% during 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 during the period. Finally, Wetzel Investment Advisors Inc. bought a new position in shares of STAG Industrial in the second quarter worth $38,000. 88.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STAG has been the subject of several research analyst reports. Wells Fargo & Company upped their price objective on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Barclays increased their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Wedbush boosted 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. Finally, Evercore ISI upped 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. Six analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $41.22.

Insider Activity at STAG Industrial

In other news, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction dated 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 transaction, the director now owns 8,758 shares of the company’s stock, valued at approximately $357,151.24. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.10% of the stock is currently owned by insiders.

STAG Industrial Stock Down 0.3 %

NYSE:STAG opened at $38.08 on Friday. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $41.63. The firm has a market capitalization of $6.93 billion, a price-to-earnings ratio of 38.08, a PEG ratio of 4.06 and a beta of 1.09. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. The business’s fifty day moving average price is $39.73 and its 200 day moving average price is $37.44.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, August 15th. Investors of record on Thursday, August 1st were issued a dividend of $0.1233 per share. This is a boost from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, July 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 148.00%.

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.