STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Point72 Asset Management L.P.

Point72 Asset Management L.P. grew its holdings in STAG Industrial, Inc. (NYSE:STAG) by 65.1% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,576 shares of the real estate investment trust’s stock after buying an additional 3,776 shares during the quarter. Point72 Asset Management L.P.’s holdings in STAG Industrial were worth $345,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC boosted its position in shares of STAG Industrial by 56.1% during the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 326 shares in the last quarter. Insight Folios Inc grew its position in STAG Industrial by 4.1% during the first quarter. Insight Folios Inc now owns 8,678 shares of the real estate investment trust’s stock worth $334,000 after buying an additional 341 shares during the period. Claro Advisors LLC grew its position in STAG Industrial by 5.8% during the first quarter. Claro Advisors LLC now owns 6,433 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 352 shares during the period. Resources Management Corp CT ADV grew its position in STAG Industrial by 1.3% during the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 370 shares during the period. Finally, New York State Teachers Retirement System grew its position in STAG Industrial by 1.0% during the first quarter. New York State Teachers Retirement System now owns 39,005 shares of the real estate investment trust’s stock worth $1,499,000 after buying an additional 400 shares during the period. Institutional investors and hedge funds own 88.67% of the company’s stock.

STAG Industrial Stock Performance

Shares of STAG opened at $37.67 on Friday. The company has a debt-to-equity ratio of 0.82, a quick ratio of 1.60 and a current ratio of 1.60. The company has a market capitalization of $6.86 billion, a price-to-earnings ratio of 37.67, a PEG ratio of 3.95 and a beta of 1.09. The company’s 50 day simple moving average is $39.64 and its 200 day simple moving average is $37.44. STAG Industrial, Inc. has a 1 year low of $31.69 and a 1 year high of $41.63.

STAG Industrial Increases Dividend

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

Analyst Upgrades and Downgrades

Several research analysts have weighed in on STAG shares. Evercore ISI upped their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Barclays upped their price target on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, August 14th. Wells Fargo & Company upped their price target on shares of STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Finally, Wedbush upped their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $41.22.

Insider Activity at STAG Industrial

In related news, Director Benjamin S. Butcher sold 34,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 8,758 shares of the company’s stock, valued at approximately $357,151.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.10% of the company’s stock.

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.