Nisa Investment Advisors LLC Sells 14,110 Shares of STAG Industrial, Inc. (NYSE:STAG)

Nisa Investment Advisors LLC reduced its stake in STAG Industrial, Inc. (NYSE:STAG) by 19.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 58,701 shares of the real estate investment trust’s stock after selling 14,110 shares during the quarter. Nisa Investment Advisors LLC’s holdings in STAG Industrial were worth $1,993,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in STAG. FMR LLC lifted its stake in shares of STAG Industrial by 145.5% in the third 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 in the last quarter. Geode Capital Management LLC lifted its position in 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 acquiring an additional 21,925 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake 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 valued at $123,883,000 after purchasing an additional 227,629 shares during the last quarter. Westfield Capital Management Co. LP increased its holdings in shares of STAG Industrial by 36.0% in the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock worth $65,303,000 after purchasing an additional 442,618 shares in the last quarter. Finally, Bank of Montreal Can increased its holdings in shares of STAG Industrial by 330.5% in 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 purchasing an additional 1,033,485 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several 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 on the stock in a research report on Monday, November 4th. Barclays dropped their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report on Monday, October 28th. Finally, Raymond James boosted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Four research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $41.00.

STAG Industrial Price Performance

Shares of NYSE:STAG opened at $34.34 on Monday. The firm’s 50 day moving average price is $34.88 and its 200-day moving average price is $37.44. 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 stock has a market capitalization of $6.26 billion, a PE ratio of 34.69 and a beta of 1.09. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63.

STAG Industrial Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.1242 per share. This represents a $1.49 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s payout ratio is 149.49%.

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.