Foresight Group Ltd Liability Partnership Sells 18,282 Shares of STAG Industrial, Inc. (NYSE:STAG)

Foresight Group Ltd Liability Partnership decreased its position in STAG Industrial, Inc. (NYSE:STAG) by 14.2% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 110,681 shares of the real estate investment trust’s stock after selling 18,282 shares during the period. STAG Industrial comprises approximately 1.8% of Foresight Group Ltd Liability Partnership’s portfolio, making the stock its 10th biggest holding. Foresight Group Ltd Liability Partnership owned 0.06% of STAG Industrial worth $4,327,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in STAG. Daiwa Securities Group Inc. boosted its stake in shares of STAG Industrial by 89.5% during the first quarter. Daiwa Securities Group Inc. now owns 1,268,181 shares of the real estate investment trust’s stock valued at $48,749,000 after acquiring an additional 598,788 shares during the last quarter. Ceredex Value Advisors LLC acquired a new stake in shares of STAG Industrial during the second quarter valued at $13,188,000. Bessemer Group Inc. boosted its stake in shares of STAG Industrial by 69.3% during the first quarter. Bessemer Group Inc. now owns 785,916 shares of the real estate investment trust’s stock valued at $30,211,000 after acquiring an additional 321,785 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in STAG Industrial by 14.5% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,660,562 shares of the real estate investment trust’s stock worth $63,832,000 after buying an additional 209,670 shares during the last quarter. Finally, F M Investments LLC acquired a new stake in STAG Industrial in the 2nd quarter worth about $6,534,000. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI raised their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Barclays raised their price target on STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 14th. Wells Fargo & Company raised their price target on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Finally, Wedbush raised their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $41.22.

STAG Industrial Stock Performance

STAG Industrial stock opened at $37.81 on Wednesday. The stock’s 50-day moving average is $39.13 and its 200-day moving average is $37.44. The company has a market cap of $6.89 billion, a price-to-earnings ratio of 36.36 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $41.63.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 3.91%. STAG Industrial’s payout ratio is currently 142.31%.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the sale, the director now directly owns 8,758 shares in the company, valued at approximately $357,151.24. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 1.10% of the company’s stock.

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.