Glenmede Trust Co. NA Decreases Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Glenmede Trust Co. NA lessened its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 1.2% in the 3rd quarter, Holdings Channel reports. The firm owned 401,988 shares of the real estate investment trust’s stock after selling 5,011 shares during the period. Glenmede Trust Co. NA’s holdings in STAG Industrial were worth $15,714,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. FMR LLC boosted its stake in STAG Industrial by 145.5% during the third quarter. FMR LLC now owns 6,936,107 shares of the real estate investment trust’s stock valued at $271,132,000 after buying an additional 4,111,268 shares during the last quarter. Earnest Partners LLC boosted 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 acquiring an additional 78,189 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of STAG Industrial by 7.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after purchasing an additional 227,629 shares in the last quarter. Dimensional Fund Advisors LP increased its position in STAG Industrial by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock worth $103,333,000 after purchasing an additional 167,532 shares during the last quarter. Finally, Boston Trust Walden Corp raised its stake in STAG Industrial by 1.0% during the second 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 in the last quarter. 88.67% of the stock is owned by institutional investors.

STAG Industrial Stock Up 0.9 %

Shares of NYSE STAG opened at $37.34 on Friday. STAG Industrial, Inc. has a 1 year low of $34.09 and a 1 year high of $41.63. The firm has a 50-day simple moving average of $37.65 and a two-hundred day simple moving average of $37.69. The company has a market cap of $6.80 billion, a P/E ratio of 37.72 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 Dividend Announcement

The firm also recently disclosed 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. This represents a $1.48 dividend on an annualized basis and a yield of 3.96%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s payout ratio is currently 149.49%.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Wedbush lifted their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company dropped their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Evercore ISI upped their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Finally, Barclays dropped their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, STAG Industrial has an average rating of “Hold” and an average price target of $41.13.

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.