Tectonic Advisors LLC Buys 743 Shares of STAG Industrial, Inc. (NYSE:STAG)

Tectonic Advisors LLC lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 9.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,490 shares of the real estate investment trust’s stock after acquiring an additional 743 shares during the quarter. Tectonic Advisors LLC’s holdings in STAG Industrial were worth $333,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Cetera Advisor Networks LLC boosted its stake in STAG Industrial by 1.3% in the 2nd quarter. Cetera Advisor Networks LLC now owns 23,165 shares of the real estate investment trust’s stock worth $831,000 after purchasing an additional 298 shares during the period. Ipswich Investment Management Co. Inc. boosted its stake in STAG Industrial by 1.5% in the 3rd 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 period. Integrated Investment Consultants LLC boosted its stake in STAG Industrial by 2.4% in the 3rd quarter. Integrated Investment Consultants LLC now owns 13,196 shares of the real estate investment trust’s stock worth $455,000 after purchasing an additional 309 shares during the period. Metis Global Partners LLC boosted its stake in STAG Industrial by 3.0% in the 3rd 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 period. Finally, Mariner LLC boosted its stake in STAG Industrial by 1.0% in 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 during the period. 88.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STAG. Robert W. Baird restated a “neutral” rating and issued a $41.00 price target (up from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Barclays began coverage on STAG Industrial in a report on Wednesday. They set an “equal weight” rating and a $40.00 price objective on the stock. Finally, Royal Bank of Canada upped their price objective on STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a report on Friday, February 16th. Six research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $38.71.

STAG Industrial Stock Performance

NYSE:STAG opened at $37.57 on Wednesday. The stock’s fifty day moving average is $37.76 and its 200 day moving average is $36.59. STAG Industrial, Inc. has a fifty-two week low of $31.69 and a fifty-two week high of $39.61. The firm has a market capitalization of $6.83 billion, a PE ratio of 34.78, a PEG ratio of 5.34 and a beta of 1.02. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, April 15th. Investors of record on Thursday, March 28th will be issued a dividend of $0.1233 per share. The ex-dividend date is Wednesday, March 27th. This represents a $1.48 annualized dividend and a yield of 3.94%. STAG Industrial’s payout ratio is presently 137.04%.

STAG Industrial Company 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.