Wolverine Asset Management LLC Makes New $1.68 Million Investment in STAG Industrial, Inc. (NYSE:STAG)

Wolverine Asset Management LLC purchased a new stake in STAG Industrial, Inc. (NYSE:STAG - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 42,714 shares of the real estate investment trust's stock, valued at approximately $1,677,000.

Several other institutional investors and hedge funds also recently modified their holdings of STAG. Fifth Third Bancorp lifted its stake in shares of STAG Industrial by 31.4% during the fourth quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust's stock valued at $47,000 after buying an additional 284 shares during the period. Ipswich Investment Management Co. Inc. increased its position in STAG Industrial by 1.5% during the third quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust's stock worth $721,000 after purchasing an additional 300 shares during the last quarter. Verdence Capital Advisors LLC increased its position in STAG Industrial by 3.6% during the fourth quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust's stock worth $340,000 after purchasing an additional 301 shares during the last quarter. Metis Global Partners LLC increased its position in STAG Industrial by 3.0% during the third quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust's stock worth $364,000 after purchasing an additional 311 shares during the last quarter. Finally, Cornercap Investment Counsel Inc. increased its position in STAG Industrial by 1.2% during the fourth quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust's stock worth $1,070,000 after purchasing an additional 324 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on STAG shares. BMO Capital Markets reissued an "outperform" rating and issued a $42.00 price objective (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Royal Bank of Canada increased their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Friday, February 16th. Barclays began coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They set an "equal weight" rating and a $40.00 price target for the company. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $41.00 price target (up from $38.00) on shares of STAG Industrial in a report on Friday, January 5th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $39.13.

STAG Industrial Stock Down 0.6 %

NYSE STAG traded down $0.21 during trading hours on Thursday, reaching $34.54. 1,728,822 shares of the company traded hands, compared to its average volume of 1,142,952. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 0.76. The stock has a market capitalization of $6.28 billion, a PE ratio of 31.98, a PEG ratio of 5.00 and a beta of 1.02. The company has a 50 day moving average of $37.38 and a two-hundred day moving average of $36.82.

STAG Industrial Dividend Announcement

The company also recently disclosed a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a $0.1233 dividend. The ex-dividend date is Friday, June 28th. This represents a $1.48 annualized dividend and a yield of 4.28%. STAG Industrial's dividend payout ratio is presently 137.04%.

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.