Zimmer Partners LP Has $1.44 Million Holdings in STAG Industrial, Inc. (NYSE:STAG)

Zimmer Partners LP decreased its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 90.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,500 shares of the real estate investment trust’s stock after selling 337,500 shares during the period. Zimmer Partners LP’s holdings in STAG Industrial were worth $1,442,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Coppell Advisory Solutions Corp. bought a new position in shares of STAG Industrial during the first quarter worth about $710,000. B. Riley Wealth Advisors Inc. grew its stake in shares of STAG Industrial by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,666 shares of the real estate investment trust’s stock worth $410,000 after acquiring an additional 470 shares in the last quarter. BROOKFIELD Corp ON grew its stake in shares of STAG Industrial by 5.9% during the 1st quarter. BROOKFIELD Corp ON now owns 14,423 shares of the real estate investment trust’s stock worth $554,000 after acquiring an additional 798 shares in the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of STAG Industrial by 4.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 107,323 shares of the real estate investment trust’s stock valued at $4,126,000 after purchasing an additional 4,577 shares during the last quarter. Finally, Beck Capital Management LLC lifted its position in shares of STAG Industrial by 4.7% in the first quarter. Beck Capital Management LLC now owns 55,162 shares of the real estate investment trust’s stock worth $2,120,000 after purchasing an additional 2,482 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at STAG Industrial

In other news, Director Benjamin S. Butcher sold 30,000 shares of the business’s stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $34.81, for a total transaction of $1,044,300.00. Following the completion of the sale, the director now owns 8,304 shares in the company, valued at $289,062.24. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders own 1.10% of the company’s stock.

STAG Industrial Stock Performance

Shares of NYSE:STAG traded up $0.15 on Thursday, hitting $40.96. The company had a trading volume of 915,430 shares, compared to its average volume of 1,130,530. The stock has a market cap of $7.46 billion, a price-to-earnings ratio of 40.96, a P/E/G ratio of 5.76 and a beta of 1.09. The stock has a 50 day moving average price of $36.64 and a 200 day moving average price of $36.88. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $41.63. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 0.78.

STAG Industrial Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, August 15th. Investors of record on Thursday, August 1st will be paid a $0.1233 dividend. The ex-dividend date is Wednesday, July 31st. This represents a yield of 3.63%. This is a positive change from STAG Industrial’s previous dividend of $0.12. STAG Industrial’s dividend payout ratio is 148.00%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barclays lowered their price target on STAG Industrial from $40.00 to $39.00 and set an “equal weight” rating on the stock in a research report on Friday, May 24th. BMO Capital Markets restated an “outperform” rating and set a $42.00 target price (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. BNP Paribas assumed coverage on shares of STAG Industrial in a research note on Tuesday, June 4th. They issued a “neutral” rating and a $39.00 price target for the company. Finally, Wedbush raised shares of STAG Industrial from a “neutral” rating to an “outperform” rating and lifted their price objective for the company from $38.00 to $44.00 in a research report on Monday, July 22nd. Seven analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, STAG Industrial currently has an average rating of “Hold” and a consensus target price of $39.50.

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.