Algert Global LLC Makes New $660,000 Investment in STAG Industrial, Inc. (NYSE:STAG)

Algert Global LLC acquired a new stake in STAG Industrial, Inc. (NYSE:STAG) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 18,309 shares of the real estate investment trust’s stock, valued at approximately $660,000.

Several other institutional investors and hedge funds also recently made changes to their positions in STAG. Cibc World Markets Corp bought a new position in STAG Industrial during the fourth quarter worth $2,362,000. Pinebridge Investments L.P. bought a new position in shares of STAG Industrial during the 4th quarter worth about $2,223,000. Dean Capital Management grew its stake in shares of STAG Industrial by 36.8% in the 4th quarter. Dean Capital Management now owns 42,831 shares of the real estate investment trust’s stock valued at $1,682,000 after buying an additional 11,521 shares during the period. Cohen & Steers Inc. increased its position in STAG Industrial by 944.0% in the 4th quarter. Cohen & Steers Inc. now owns 1,121,330 shares of the real estate investment trust’s stock valued at $44,023,000 after buying an additional 1,013,926 shares in the last quarter. Finally, Able Wealth Management LLC acquired a new position in STAG Industrial during the 4th quarter worth approximately $63,000. Institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on STAG shares. Wedbush raised their price objective on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Wells Fargo & Company lifted their price target on shares of STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Evercore ISI boosted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Finally, Barclays raised their price objective on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $41.22.

Insiders Place Their Bets

In other news, Director Benjamin S. Butcher sold 34,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now owns 8,758 shares in the company, valued at $357,151.24. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.10% of the stock is currently owned by insiders.

STAG Industrial Price Performance

STAG opened at $37.67 on Friday. STAG Industrial, Inc. has a 1 year low of $31.69 and a 1 year high of $41.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 37.67, a P/E/G ratio of 3.95 and a beta of 1.09. The firm’s fifty day moving average price is $39.64 and its two-hundred day moving average price is $37.44.

STAG Industrial Increases Dividend

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

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.