WESPAC Advisors LLC Has $710,000 Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

WESPAC Advisors LLC lowered its stake in STAG Industrial, Inc. (NYSE:STAG) by 2.9% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,162 shares of the real estate investment trust’s stock after selling 534 shares during the quarter. WESPAC Advisors LLC’s holdings in STAG Industrial were worth $710,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in STAG. Centerpoint Advisors LLC bought a new position in STAG Industrial during the 2nd quarter worth approximately $25,000. GAMMA Investing LLC grew its holdings in shares of STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 326 shares during the period. UMB Bank n.a. grew 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 valued at $34,000 after buying an additional 306 shares during the period. Wetzel Investment Advisors Inc. acquired a new stake in STAG Industrial during the 2nd quarter worth $38,000. Finally, Blue Trust Inc. raised its stake in STAG Industrial by 1,728.4% during the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,279 shares during the period. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Price Performance

Shares of STAG opened at $36.48 on Friday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a twelve month low of $34.09 and a twelve month high of $41.63. The stock has a market capitalization of $6.65 billion, a P/E ratio of 36.85 and a beta of 1.09. The company has a 50 day moving average of $37.81 and a 200-day moving average of $37.65.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 149.49%.

Analysts Set New Price Targets

STAG has been the subject of several recent analyst reports. Evercore ISI increased their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. 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. Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Wells Fargo & Company lowered their price objective on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $41.13.

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.