Landscape Capital Management L.L.C. Sells 14,862 Shares of STAG Industrial, Inc. (NYSE:STAG)

Landscape Capital Management L.L.C. reduced its holdings in STAG Industrial, Inc. (NYSE:STAG) by 70.9% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,099 shares of the real estate investment trust’s stock after selling 14,862 shares during the quarter. Landscape Capital Management L.L.C.’s holdings in STAG Industrial were worth $238,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Earnest Partners LLC increased its position in shares of STAG Industrial by 2.2% during the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock valued at $131,727,000 after purchasing an additional 78,189 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of STAG Industrial by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after purchasing an additional 167,532 shares during the last quarter. Boston Trust Walden Corp increased its position in shares of STAG Industrial by 1.0% during the 2nd quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock valued at $92,052,000 after purchasing an additional 25,779 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its position in shares of STAG Industrial by 7.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock valued at $64,045,000 after purchasing an additional 115,480 shares during the last quarter. Finally, Segall Bryant & Hamill LLC increased its position in shares of STAG Industrial by 1.1% during the 3rd quarter. Segall Bryant & Hamill LLC now owns 1,093,154 shares of the real estate investment trust’s stock valued at $42,731,000 after purchasing an additional 11,730 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Trading Up 1.9 %

NYSE STAG opened at $37.16 on Tuesday. STAG Industrial, Inc. has a fifty-two week low of $34.09 and a fifty-two 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 stock has a 50 day simple moving average of $37.75 and a two-hundred day simple moving average of $37.68. The stock has a market cap of $6.77 billion, a P/E ratio of 37.54 and a beta of 1.09.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 3.98%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 149.49%.

Analyst Ratings Changes

Several brokerages have recently commented on STAG. Barclays reduced their price objective 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. Evercore ISI increased their target price on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a report on Wednesday, August 28th. Wells Fargo & Company dropped their target price 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. Finally, Wedbush increased their target price on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, STAG Industrial presently has an average rating of “Hold” and a consensus price target 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.