NYSE:STAG - Free Report ) by 3,860.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 114,816 shares of the real estate investment trust's stock after purchasing an additional 111,917 shares during the period. International Assets Investment Management LLC owned approximately 0.06% of STAG Industrial worth $4,508,000 at the end of the most recent reporting period.
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Several other large investors have also modified their holdings of STAG. Fifth Third Bancorp increased its position in STAG Industrial by 31.4% during the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust's stock worth $47,000 after purchasing an additional 284 shares during the period. Ipswich Investment Management Co. Inc. raised its position in STAG Industrial by 1.5% in 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 acquiring an additional 300 shares in the last quarter. Metis Global Partners LLC lifted its holdings in STAG Industrial by 3.0% in the third quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust's stock valued at $364,000 after acquiring an additional 311 shares during the period. Mariner LLC boosted its position in shares of STAG Industrial by 1.0% during the 3rd quarter. Mariner LLC now owns 33,229 shares of the real estate investment trust's stock worth $1,147,000 after purchasing an additional 339 shares in the last quarter. Finally, Private Trust Co. NA increased its holdings in shares of STAG Industrial by 15.5% in the 4th quarter. Private Trust Co. NA now owns 2,605 shares of the real estate investment trust's stock valued at $102,000 after purchasing an additional 349 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company's stock.
Wall Street Analyst Weigh In STAG has been the subject of a number of research analyst reports. Barclays started coverage on shares of STAG Industrial in a report on Wednesday, March 27th. They issued an "equal weight" rating and a $40.00 target price for the company. Royal Bank of Canada upped their target price on STAG Industrial from $39.00 to $40.00 and gave the company a "sector perform" rating in a report on Friday, February 16th. Finally, BMO Capital Markets restated an "outperform" rating and issued a $42.00 price target (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average target price of $39.13.
Read Our Latest Research Report on STAG Industrial
STAG Industrial Trading Up 1.9 % STAG stock traded up $0.67 during midday trading on Thursday, hitting $35.65. The stock had a trading volume of 972,602 shares, compared to its average volume of 1,154,846. The company's 50-day moving average price is $36.67 and its 200 day moving average price is $36.87. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.75 and a quick ratio of 1.75. The firm has a market cap of $6.49 billion, a PE ratio of 35.10, a price-to-earnings-growth ratio of 4.97 and a beta of 1.05. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $39.61.
STAG Industrial Dividend Announcement The firm also recently declared a monthly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.15%. The ex-dividend date is Friday, June 28th. STAG Industrial's payout ratio is 148.00%.
About STAG Industrial (
Free Report )
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.
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