MQS Management LLC Makes New Investment in Stag Industrial, Inc. $STAG

MQS Management LLC bought a new position in Stag Industrial, Inc. (NYSE:STAG) in the third quarter, according to the company in its most recent filing with the SEC. The fund bought 25,243 shares of the real estate investment trust’s stock, valued at approximately $891,000. Stag Industrial accounts for 0.5% of MQS Management LLC’s investment portfolio, making the stock its 17th biggest position.

Several other large investors have also recently modified their holdings of the stock. Private Trust Co. NA lifted its position in Stag Industrial by 2,183.9% in the second quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 677 shares during the last quarter. Root Financial Partners LLC bought a new stake in shares of Stag Industrial in the 3rd quarter worth about $43,000. EverSource Wealth Advisors LLC boosted its stake in shares of Stag Industrial by 270.1% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock worth $52,000 after purchasing an additional 1,048 shares during the period. Covestor Ltd grew its holdings in Stag Industrial by 98.5% during the 3rd quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 878 shares during the last quarter. Finally, Huntington National Bank raised its position in Stag Industrial by 23.2% in the 2nd quarter. Huntington National Bank now owns 3,495 shares of the real estate investment trust’s stock worth $127,000 after purchasing an additional 659 shares during the period. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on STAG shares. Evercore upped their target price on Stag Industrial from $41.00 to $42.00 and gave the company an “outperform” rating in a research note on Friday, October 31st. iA Financial set a $39.00 price objective on Stag Industrial in a report on Tuesday, January 13th. Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Royal Bank Of Canada lifted their target price on Stag Industrial from $38.00 to $42.00 and gave the stock a “sector perform” rating in a research report on Thursday, November 6th. Finally, Citigroup raised their price target on shares of Stag Industrial from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $39.33.

Stag Industrial Price Performance

Shares of STAG stock opened at $39.48 on Wednesday. Stag Industrial, Inc. has a twelve month low of $28.61 and a twelve month high of $39.88. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $37.70 and a two-hundred day simple moving average of $37.11. The stock has a market capitalization of $7.37 billion, a price-to-earnings ratio of 30.37 and a beta of 1.06.

Stag Industrial Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be given a $0.3875 dividend. This represents a $1.55 annualized dividend and a dividend yield of 3.9%. The ex-dividend date of this dividend is Tuesday, March 31st. Stag Industrial’s dividend payout ratio is presently 119.23%.

About Stag Industrial

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.