STAG Industrial, Inc. (NYSE:STAG) Shares Acquired by Cerity Partners LLC

Cerity Partners LLC lifted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 32.7% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 18,774 shares of the real estate investment trust’s stock after acquiring an additional 4,629 shares during the period. Cerity Partners LLC’s holdings in STAG Industrial were worth $734,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Earnest Partners LLC raised its stake in shares of STAG Industrial by 2.2% during the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after purchasing an additional 78,189 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in STAG Industrial by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock worth $123,883,000 after buying an additional 227,629 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of STAG Industrial by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after acquiring an additional 167,532 shares during the period. Boston Trust Walden Corp boosted its holdings in shares of STAG Industrial by 1.0% in the second quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock valued at $92,052,000 after acquiring an additional 25,779 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of STAG Industrial by 7.0% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock worth $64,045,000 after acquiring an additional 115,480 shares during the period. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

STAG opened at $35.79 on Friday. The stock’s 50 day simple moving average is $37.24 and its 200 day simple moving average is $37.70. The stock has a market cap of $6.52 billion, a P/E ratio of 36.15 and a beta of 1.07. STAG Industrial, Inc. has a 1-year low of $34.09 and a 1-year high of $41.63. 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 Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders 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 dividend yield of 4.14%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

Analyst Ratings Changes

STAG has been the subject of a number of recent analyst reports. Wells Fargo & Company reduced 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. Barclays decreased their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Finally, Evercore ISI upped their price objective on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.13.

About STAG Industrial

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.