Campbell & CO Investment Adviser LLC Decreases Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

Campbell & CO Investment Adviser LLC decreased its position in shares of STAG Industrial, Inc. (NYSE:STAGFree Report) by 24.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 20,184 shares of the real estate investment trust’s stock after selling 6,413 shares during the quarter. Campbell & CO Investment Adviser LLC’s holdings in STAG Industrial were worth $697,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in STAG. Cetera Advisor Networks LLC lifted its position in shares of STAG Industrial by 1.3% during the 2nd quarter. Cetera Advisor Networks LLC now owns 23,165 shares of the real estate investment trust’s stock valued at $831,000 after buying an additional 298 shares in the last quarter. Ipswich Investment Management Co. Inc. increased its position in shares of STAG Industrial by 1.5% during the 3rd quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 300 shares during the last quarter. Integrated Investment Consultants LLC increased its position in shares of STAG Industrial by 2.4% during the 3rd quarter. Integrated Investment Consultants LLC now owns 13,196 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 309 shares during the last quarter. Metis Global Partners LLC grew its position in STAG Industrial by 3.0% in the 3rd quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock valued at $364,000 after acquiring an additional 311 shares in the last quarter. Finally, Cim Investment Management Inc. grew its position in STAG Industrial by 3.6% in the 1st quarter. Cim Investment Management Inc. now owns 10,026 shares of the real estate investment trust’s stock valued at $339,000 after acquiring an additional 345 shares in the last quarter. Institutional investors and hedge funds own 88.68% of the company’s stock.

Wall Street Analysts Forecast Growth

STAG has been the subject of several recent analyst reports. Robert W. Baird restated a “neutral” rating and set a $41.00 target price (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Royal Bank of Canada lowered STAG Industrial from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $42.00 to $39.00 in a report on Friday, November 3rd. Finally, Raymond James dropped their price objective on STAG Industrial from $39.00 to $37.00 and set an “outperform” rating on the stock in a report on Tuesday, October 31st. Six research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial has a consensus rating of “Hold” and an average price target of $38.00.

Check Out Our Latest Analysis on STAG Industrial

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 30,340 shares of the stock in a transaction dated Monday, November 27th. The stock was sold at an average price of $36.32, for a total value of $1,101,948.80. Following the completion of the sale, the director now owns 17,148 shares in the company, valued at $622,815.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other STAG Industrial news, Director Benjamin S. Butcher sold 30,340 shares of the firm’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $36.32, for a total transaction of $1,101,948.80. Following the completion of the sale, the director now owns 17,148 shares in the company, valued at approximately $622,815.36. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CAO Jaclyn Paul sold 12,900 shares of the firm’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $38.57, for a total value of $497,553.00. Following the sale, the chief accounting officer now owns 10,916 shares of the company’s stock, valued at approximately $421,030.12. The disclosure for this sale can be found here. Insiders sold 87,890 shares of company stock worth $3,333,708 over the last three months. 1.10% of the stock is owned by insiders.

STAG Industrial Stock Performance

NYSE STAG opened at $37.53 on Monday. The business’s 50-day moving average price is $38.04 and its 200 day moving average price is $36.20. STAG Industrial, Inc. has a twelve month low of $31.01 and a twelve month high of $39.61. The company has a market capitalization of $6.81 billion, a PE ratio of 36.79, a price-to-earnings-growth ratio of 8.66 and a beta of 1.03. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.73.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Monday, April 15th. Shareholders of record on Thursday, March 28th will be paid a dividend of $0.1233 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.48 annualized dividend and a yield of 3.94%. STAG Industrial’s dividend payout ratio is presently 145.10%.

About STAG Industrial

(Free Report)

We are a REIT focused on the acquisition, ownership and operation of industrial properties throughout the United States. We seek to (i) identify properties for acquisition that offer relative value across all locations, industrial property types, and tenants through the principled application of our proprietary risk assessment model, (ii) operate our properties in an efficient, cost-effective manner, and (iii) capitalize our business appropriately given the characteristics of our assets.

See Also

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

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