Motley Fool Asset Management LLC Grows Position in STAG Industrial, Inc. (NYSE:STAG)

Motley Fool Asset Management LLC lifted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 62,465 shares of the real estate investment trust’s stock after acquiring an additional 4,509 shares during the quarter. Motley Fool Asset Management LLC’s holdings in STAG Industrial were worth $2,452,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the business. SG Americas Securities LLC boosted its holdings in STAG Industrial by 87.3% during the 3rd quarter. SG Americas Securities LLC now owns 34,856 shares of the real estate investment trust’s stock valued at $1,203,000 after acquiring an additional 16,247 shares during the period. Tectonic Advisors LLC purchased a new position in STAG Industrial during the 3rd quarter valued at about $267,000. Raymond James & Associates boosted its holdings in STAG Industrial by 0.7% during the 3rd quarter. Raymond James & Associates now owns 243,077 shares of the real estate investment trust’s stock valued at $8,389,000 after acquiring an additional 1,755 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of STAG Industrial by 1.5% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 90,891 shares of the real estate investment trust’s stock valued at $3,137,000 after buying an additional 1,374 shares during the period. Finally, 1834 Investment Advisors Co. boosted its stake in shares of STAG Industrial by 16.1% in the 3rd quarter. 1834 Investment Advisors Co. now owns 42,059 shares of the real estate investment trust’s stock valued at $1,451,000 after buying an additional 5,839 shares during the period. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

Shares of NYSE STAG traded down $0.06 during mid-day trading on Friday, hitting $34.48. The company had a trading volume of 1,268,709 shares, compared to its average volume of 1,144,506. The stock has a market cap of $6.27 billion, a price-to-earnings ratio of 31.93, a PEG ratio of 4.90 and a beta of 1.02. STAG Industrial, Inc. has a 12 month low of $31.69 and a 12 month high of $39.61. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. The firm’s 50 day simple moving average is $37.20 and its two-hundred day simple moving average is $36.81.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.29%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio (DPR) is 137.04%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. BMO Capital Markets reissued an “outperform” rating and set a $42.00 target price (up previously from $41.00) on shares of STAG Industrial in a research report on Monday, April 8th. Barclays started coverage on STAG Industrial in a research report on Wednesday, March 27th. They set an “equal weight” rating and a $40.00 price target on the stock. Robert W. Baird reaffirmed a “neutral” rating and set a $41.00 price target (up previously from $38.00) on shares of STAG Industrial in a research report on Friday, January 5th. Finally, Royal Bank of Canada lifted their price target 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 research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average 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.