Pacer Advisors Inc. Sells 92,793 Shares of STAG Industrial, Inc. (NYSE:STAG)

Pacer Advisors Inc. lowered its stake in STAG Industrial, Inc. (NYSE:STAG) by 36.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 161,365 shares of the real estate investment trust’s stock after selling 92,793 shares during the period. Pacer Advisors Inc. owned 0.09% of STAG Industrial worth $5,457,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its position in shares of STAG Industrial by 145.5% during the 3rd quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock worth $271,132,000 after buying an additional 4,111,268 shares during the period. Bank of Montreal Can grew its holdings in STAG Industrial by 330.5% during the 3rd quarter. Bank of Montreal Can now owns 1,346,149 shares of the real estate investment trust’s stock worth $52,823,000 after acquiring an additional 1,033,485 shares during the period. Westfield Capital Management Co. LP raised its position in shares of STAG Industrial by 36.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock valued at $65,303,000 after acquiring an additional 442,618 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of STAG Industrial by 7.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after purchasing an additional 227,629 shares during the period. Finally, Heitman Real Estate Securities LLC boosted its position in shares of STAG Industrial by 19.8% in the 3rd quarter. Heitman Real Estate Securities LLC now owns 1,063,909 shares of the real estate investment trust’s stock worth $41,588,000 after purchasing an additional 175,993 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Down 1.4 %

Shares of STAG stock opened at $33.91 on Thursday. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The firm has a fifty day moving average of $34.77 and a 200-day moving average of $37.38. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 34.26 and a beta of 1.09.

STAG Industrial Announces Dividend

The company also recently declared 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. This represents a $1.49 annualized dividend and a dividend yield of 4.39%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s dividend payout ratio is 149.49%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the company. Wells Fargo & Company dropped their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a research note on Tuesday. Royal Bank of Canada decreased their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday. Finally, Raymond James increased their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, STAG Industrial has an average rating of “Moderate Buy” and an average target price of $40.38.

STAG Industrial Profile

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.