STAG Industrial, Inc. (NYSE:STAG) Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC decreased its stake in STAG Industrial, Inc. (NYSE:STAG) by 5.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 98,422 shares of the real estate investment trust’s stock after selling 5,828 shares during the period. Mutual of America Capital Management LLC’s holdings in STAG Industrial were worth $3,847,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in STAG. Natixis Advisors LLC increased its holdings in STAG Industrial by 2.6% in the third quarter. Natixis Advisors LLC now owns 358,301 shares of the real estate investment trust’s stock valued at $14,006,000 after buying an additional 9,097 shares in the last quarter. Coastline Trust Co acquired a new position in STAG Industrial during the third quarter worth $55,000. CIBC Asset Management Inc purchased a new stake in STAG Industrial during the third quarter worth $212,000. Metis Global Partners LLC grew its holdings in STAG Industrial by 29.7% in the third quarter. Metis Global Partners LLC now owns 18,748 shares of the real estate investment trust’s stock valued at $733,000 after purchasing an additional 4,294 shares during the last quarter. Finally, Aigen Investment Management LP purchased a new position in shares of STAG Industrial in the third quarter valued at $333,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Stock Performance

Shares of NYSE:STAG opened at $36.12 on Friday. The business has a 50-day moving average of $37.88 and a two-hundred day moving average of $37.62. The firm has a market capitalization of $6.58 billion, a PE ratio of 36.48 and a beta of 1.09. 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, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.10%. STAG Industrial’s payout ratio is 149.49%.

Analysts Set New Price Targets

STAG has been the subject of a number of analyst reports. Wells Fargo & Company cut their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Wedbush increased 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. Evercore ISI raised 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. Finally, Barclays reduced their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price 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.