STAG Industrial, Inc. (NYSE:STAG) Shares Sold by B. Riley Wealth Advisors Inc.

B. Riley Wealth Advisors Inc. cut its stake in STAG Industrial, Inc. (NYSE:STAG) by 49.7% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,339 shares of the real estate investment trust’s stock after selling 5,275 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in STAG Industrial were worth $207,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Centerpoint Advisors LLC purchased a new stake in shares of STAG Industrial during the second quarter worth $25,000. UMB Bank n.a. grew its stake in STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 306 shares in the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in STAG Industrial in the 2nd quarter valued at about $38,000. Coastline Trust Co acquired a new stake in STAG Industrial in the 3rd quarter valued at about $55,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in STAG Industrial in the 2nd quarter worth approximately $57,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STAG has been the subject of several recent research reports. Evercore ISI increased their price target on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Barclays cut 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. Wells Fargo & Company dropped 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 report on Monday, November 4th. Finally, Raymond James lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, STAG Industrial currently has an average rating of “Hold” and an average target price of $41.00.

STAG Industrial Price Performance

Shares of STAG opened at $33.94 on Friday. The stock has a market cap of $6.18 billion, a PE ratio of 34.28 and a beta of 1.07. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial, Inc. has a 1-year low of $33.18 and a 1-year high of $41.63. The firm has a 50-day simple moving average of $36.74 and a two-hundred day simple moving average of $37.71.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.36%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is 149.49%.

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.