MQS Management LLC Acquires 11,758 Shares of STAG Industrial, Inc. (NYSE:STAG)

MQS Management LLC grew its holdings in STAG Industrial, Inc. (NYSE:STAG) by 167.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,774 shares of the real estate investment trust’s stock after purchasing an additional 11,758 shares during the period. MQS Management LLC’s holdings in STAG Industrial were worth $677,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in STAG. Private Advisor Group LLC bought a new stake in shares of STAG Industrial during the fourth quarter valued at approximately $235,000. Principal Securities Inc. bought a new stake in STAG Industrial during the 4th quarter valued at $55,000. Dimensional Fund Advisors LP lifted its holdings in shares of STAG Industrial by 1.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,660,590 shares of the real estate investment trust’s stock worth $104,456,000 after buying an additional 39,739 shares during the period. Avantax Advisory Services Inc. grew its position in shares of STAG Industrial by 11.9% during the 4th quarter. Avantax Advisory Services Inc. now owns 10,511 shares of the real estate investment trust’s stock worth $413,000 after buying an additional 1,114 shares in the last quarter. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of STAG Industrial by 84.2% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 15,784 shares of the real estate investment trust’s stock valued at $620,000 after buying an additional 7,213 shares during the period. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Down 0.7 %

STAG Industrial stock opened at $39.62 on Thursday. The business has a fifty day moving average price of $39.60 and a 200-day moving average price of $37.31. STAG Industrial, Inc. has a 1-year low of $31.69 and a 1-year high of $41.63. The stock has a market capitalization of $7.21 billion, a price-to-earnings ratio of 39.62, a PEG ratio of 4.07 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60.

STAG Industrial Increases Dividend

The firm also recently declared a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were paid a dividend of $0.1233 per share. This is a positive change from STAG Industrial’s previous dividend of $0.12. The ex-dividend date was Wednesday, July 31st. This represents a dividend yield of 3.63%. STAG Industrial’s payout ratio is presently 148.00%.

Insider Activity

In other news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the sale, the director now directly owns 8,758 shares in the company, valued at $357,151.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 1.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on STAG shares. BNP Paribas began coverage on shares of STAG Industrial in a report on Tuesday, June 4th. They set a “neutral” rating and a $39.00 target price on the stock. Wedbush increased their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Evercore ISI boosted their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Barclays increased their target price on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Finally, Wells Fargo & Company boosted their price target on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Six analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $41.22.

About STAG Industrial

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.