STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Stifel Financial Corp

Stifel Financial Corp increased its stake in STAG Industrial, Inc. (NYSE:STAG) by 5.6% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 52,278 shares of the real estate investment trust’s stock after acquiring an additional 2,795 shares during the period. Stifel Financial Corp’s holdings in STAG Industrial were worth $2,044,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Point72 DIFC Ltd purchased a new stake in shares of STAG Industrial during the 3rd quarter valued at $717,000. BNP Paribas Financial Markets grew its position in STAG Industrial by 169.6% during the third quarter. BNP Paribas Financial Markets now owns 132,412 shares of the real estate investment trust’s stock valued at $5,176,000 after acquiring an additional 83,296 shares during the period. Earnest Partners LLC increased its stake in STAG Industrial by 2.2% during the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after acquiring an additional 78,189 shares during the last quarter. Los Angeles Capital Management LLC raised its holdings in shares of STAG Industrial by 314.5% in the 3rd quarter. Los Angeles Capital Management LLC now owns 145,520 shares of the real estate investment trust’s stock worth $5,688,000 after purchasing an additional 110,410 shares during the period. Finally, Foresight Group Ltd Liability Partnership lifted its stake in shares of STAG Industrial by 17.2% in the 2nd quarter. Foresight Group Ltd Liability Partnership now owns 128,963 shares of the real estate investment trust’s stock valued at $4,650,000 after purchasing an additional 18,894 shares in the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

STAG Industrial Stock Performance

STAG Industrial stock opened at $33.22 on Friday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a 50 day moving average of $36.80 and a 200-day moving average of $37.72. The stock has a market cap of $6.05 billion, a P/E ratio of 33.56 and a beta of 1.07. STAG Industrial, Inc. has a 52 week low of $33.18 and a 52 week high of $41.63.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a $0.1233 dividend. This represents a $1.48 annualized dividend and a yield of 4.46%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Evercore ISI lifted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Raymond James upped their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research report on Wednesday, December 11th. Barclays reduced their price objective on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Finally, Wells Fargo & Company lowered their target price on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Five research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $41.00.

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.