Crossmark Global Holdings Inc. Cuts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Crossmark Global Holdings Inc. lessened its holdings in shares of STAG Industrial, Inc. (NYSE:STAGFree Report) by 4.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,415 shares of the real estate investment trust’s stock after selling 364 shares during the period. Crossmark Global Holdings Inc.’s holdings in STAG Industrial were worth $285,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of STAG. Point72 DIFC Ltd acquired a new stake in STAG Industrial during the 3rd quarter worth approximately $717,000. Geode Capital Management LLC boosted its stake in STAG Industrial by 0.6% during the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock worth $133,077,000 after purchasing an additional 21,925 shares during the period. BNP Paribas Financial Markets grew its position in STAG Industrial by 169.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock worth $5,176,000 after purchasing an additional 83,296 shares during the last quarter. Los Angeles Capital Management LLC increased its position in STAG Industrial by 314.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock valued at $5,688,000 after acquiring an additional 110,410 shares during the period. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of STAG Industrial by 187.3% during the third quarter. Harbor Capital Advisors Inc. now owns 97,875 shares of the real estate investment trust’s stock worth $3,826,000 after purchasing an additional 63,808 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Stock Up 0.2 %

STAG opened at $34.34 on Monday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The stock’s fifty day moving average is $34.88 and its 200-day moving average is $37.44. STAG Industrial, Inc. has a one year low of $32.27 and a one year high of $41.63. The company has a market capitalization of $6.26 billion, a PE ratio of 34.69 and a beta of 1.09.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be paid a $0.1242 dividend. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.49 dividend on an annualized basis and a yield of 4.34%. STAG Industrial’s dividend payout ratio (DPR) is currently 149.49%.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Raymond James increased their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Wells Fargo & Company reduced their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Finally, Barclays reduced their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.00.

Read Our Latest Research Report on STAG

STAG Industrial Company Profile

(Free Report)

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.

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Institutional Ownership by Quarter for STAG Industrial (NYSE:STAG)

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