STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. decreased its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 29.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 339,570 shares of the real estate investment trust’s stock after selling 144,170 shares during the period. Victory Capital Management Inc. owned approximately 0.19% of STAG Industrial worth $13,274,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Ceredex Value Advisors LLC acquired a new stake in STAG Industrial during the 2nd quarter worth about $13,188,000. F M Investments LLC acquired a new stake in STAG Industrial in the 2nd quarter worth approximately $6,534,000. Vanguard Group Inc. lifted its holdings in STAG Industrial by 0.7% in the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock worth $1,008,560,000 after purchasing an additional 176,332 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in 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 purchasing an additional 167,532 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in STAG Industrial by 7.0% in the 2nd 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 purchasing an additional 115,480 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the subject of a number of recent research reports. Evercore ISI upped their target price on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company decreased their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a report on Monday, November 4th. Wedbush raised their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Finally, 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 report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Trading Down 0.9 %

NYSE:STAG opened at $35.99 on Thursday. STAG Industrial, Inc. has a 1-year low of $34.09 and a 1-year high of $41.63. The business’s 50-day moving average price is $37.94 and its two-hundred day moving average price is $37.63. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6.56 billion, a price-to-earnings ratio of 36.35 and a beta of 1.09.

STAG Industrial Announces Dividend

The firm 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 dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.11%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

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.