JPMorgan Chase & Co. Trims Stock Holdings in STAG Industrial, Inc. (NYSE:STAG)

JPMorgan Chase & Co. decreased its holdings in STAG Industrial, Inc. (NYSE:STAG) by 1.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 752,570 shares of the real estate investment trust’s stock after selling 8,606 shares during the period. JPMorgan Chase & Co. owned 0.41% of STAG Industrial worth $29,418,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the business. UMB Bank n.a. boosted its position in shares of STAG Industrial by 54.1% in the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 306 shares during the period. Wetzel Investment Advisors Inc. bought a new position in shares of STAG Industrial in the second quarter valued at approximately $38,000. Coastline Trust Co bought a new position in shares of STAG Industrial in the third quarter valued at approximately $55,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of STAG Industrial in the second quarter valued at approximately $57,000. Finally, GAMMA Investing LLC lifted its position in STAG Industrial by 72.7% during the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 659 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 0.0 %

Shares of STAG stock opened at $33.14 on Wednesday. STAG Industrial, Inc. has a 52-week low of $32.79 and a 52-week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market capitalization of $6.04 billion, a PE ratio of 33.47 and a beta of 1.09. The stock has a fifty day simple moving average of $35.74 and a two-hundred day simple moving average of $37.62.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on STAG shares. Barclays dropped 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 report on Monday, October 28th. Raymond James lifted their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Finally, Wells Fargo & Company decreased 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 research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, STAG Industrial has an average rating of “Moderate Buy” and a consensus price target of $41.00.

About STAG Industrial

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.