5,240 Shares in STAG Industrial, Inc. (NYSE:STAG) Purchased by Sfmg LLC

Sfmg LLC acquired a new position in STAG Industrial, Inc. (NYSE:STAG) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 5,240 shares of the real estate investment trust’s stock, valued at approximately $206,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sei Investments Co. increased its position in STAG Industrial by 11.8% in the third quarter. Sei Investments Co. now owns 501,596 shares of the real estate investment trust’s stock worth $17,310,000 after purchasing an additional 53,109 shares during the period. Schonfeld Strategic Advisors LLC increased its position in STAG Industrial by 132.7% in the third quarter. Schonfeld Strategic Advisors LLC now owns 313,626 shares of the real estate investment trust’s stock worth $10,823,000 after purchasing an additional 178,846 shares during the period. Massachusetts Financial Services Co. MA increased its position in STAG Industrial by 1.4% in the third quarter. Massachusetts Financial Services Co. MA now owns 4,286,953 shares of the real estate investment trust’s stock worth $147,943,000 after purchasing an additional 59,463 shares during the period. Boston Trust Walden Corp increased its position in STAG Industrial by 1.1% in the fourth quarter. Boston Trust Walden Corp now owns 2,539,129 shares of the real estate investment trust’s stock worth $99,686,000 after purchasing an additional 28,304 shares during the period. Finally, International Assets Investment Management LLC grew its position in shares of STAG Industrial by 3,860.5% during the 4th quarter. International Assets Investment Management LLC now owns 114,816 shares of the real estate investment trust’s stock worth $4,508,000 after buying an additional 111,917 shares during the period. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Price Performance

Shares of STAG opened at $34.84 on Thursday. The company has a debt-to-equity ratio of 0.76, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a 50 day simple moving average of $37.65 and a 200 day simple moving average of $36.78. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61. The firm has a market capitalization of $6.34 billion, a PE ratio of 32.26, a P/E/G ratio of 5.02 and a beta of 1.02.

STAG Industrial Dividend Announcement

The firm 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 dividend yield of 4.25%. STAG Industrial’s dividend payout ratio is presently 137.04%.

Analyst Upgrades and Downgrades

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

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.