Cwm LLC Has $73,000 Stake in STAG Industrial, Inc. (NYSE:STAG)

Cwm LLC decreased its position in STAG Industrial, Inc. (NYSE:STAG) by 16.0% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,859 shares of the real estate investment trust’s stock after selling 355 shares during the period. Cwm LLC’s holdings in STAG Industrial were worth $73,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of STAG Industrial in the 1st quarter valued at $3,222,000. Centersquare Investment Management LLC lifted its stake in shares of STAG Industrial by 24.9% in the 1st quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock valued at $4,990,000 after acquiring an additional 25,844 shares during the last quarter. Westfield Capital Management Co. LP lifted its stake in shares of STAG Industrial by 12.3% in the 1st quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock valued at $37,190,000 after acquiring an additional 106,217 shares during the last quarter. Cetera Investment Advisers lifted its stake in shares of STAG Industrial by 763.9% in the 1st quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock valued at $2,721,000 after acquiring an additional 62,594 shares during the last quarter. Finally, Earnest Partners LLC raised its position in 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 worth $131,727,000 after purchasing an additional 78,189 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Price Performance

STAG stock opened at $37.05 on Monday. STAG Industrial, Inc. has a 52-week low of $31.79 and a 52-week high of $41.63. The business has a 50-day simple moving average of $39.02 and a two-hundred day simple moving average of $37.43. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $6.75 billion, a P/E ratio of 37.05 and a beta of 1.09.

STAG Industrial Dividend Announcement

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a dividend yield of 3.99%. STAG Industrial’s dividend payout ratio is currently 148.00%.

Insiders Place Their Bets

In related news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total value of $1,386,520.00. Following the sale, the director now owns 8,758 shares of the company’s stock, valued at approximately $357,151.24. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 1.10% of the company’s stock.

Wall Street Analyst Weigh In

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

STAG Industrial Profile

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.