GAMMA Investing LLC cut its stake in STAG Industrial, Inc. (NYSE:STAG – Free Report) by 36.7% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 992 shares of the real estate investment trust’s stock after selling 574 shares during the quarter. GAMMA Investing LLC’s holdings in STAG Industrial were worth $34,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently bought and sold shares of STAG. Sanctuary Advisors LLC grew its holdings in shares of STAG Industrial by 122.0% during the 3rd quarter. Sanctuary Advisors LLC now owns 21,583 shares of the real estate investment trust’s stock worth $787,000 after purchasing an additional 11,859 shares during the period. Coldstream Capital Management Inc. raised its stake in shares of STAG Industrial by 4.4% in the third quarter. Coldstream Capital Management Inc. now owns 54,517 shares of the real estate investment trust’s stock valued at $2,131,000 after acquiring an additional 2,306 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of STAG Industrial by 0.6% in the 3rd quarter. Geode Capital Management LLC now owns 3,403,540 shares of the real estate investment trust’s stock valued at $133,077,000 after buying an additional 21,925 shares during the period. Guardian Wealth Management Inc. grew its holdings in STAG Industrial by 2.1% during the 3rd quarter. Guardian Wealth Management Inc. now owns 46,446 shares of the real estate investment trust’s stock worth $1,816,000 after acquiring an additional 965 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its stake in shares of STAG Industrial by 1.2% during the third quarter. Public Employees Retirement System of Ohio now owns 331,990 shares of the real estate investment trust’s stock worth $12,977,000 after purchasing an additional 3,944 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.
STAG Industrial Trading Up 1.9 %
Shares of STAG opened at $33.59 on Wednesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a 1-year low of $32.27 and a 1-year high of $41.63. The stock has a market capitalization of $6.12 billion, a P/E ratio of 33.93 and a beta of 1.09. The business’s 50-day moving average price is $35.40 and its 200 day moving average price is $37.56.
STAG Industrial Announces Dividend
Wall Street Analyst Weigh In
Several equities analysts have issued reports on the stock. Raymond James upped their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research note on Wednesday, December 11th. Barclays reduced their target price on shares of 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. Finally, Wells Fargo & Company dropped their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $41.00.
Check Out Our Latest Stock Report on STAG Industrial
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.
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