HighTower Advisors LLC Increases Stock Position in STAG Industrial, Inc. (NYSE:STAG)

HighTower Advisors LLC boosted its holdings in STAG Industrial, Inc. (NYSE:STAG) by 22.6% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 13,620 shares of the real estate investment trust’s stock after acquiring an additional 2,508 shares during the quarter. HighTower Advisors LLC’s holdings in STAG Industrial were worth $537,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Holocene Advisors LP purchased a new position in shares of STAG Industrial during the third quarter valued at about $652,000. Beck Capital Management LLC boosted its stake in shares of STAG Industrial by 9.0% in the 3rd quarter. Beck Capital Management LLC now owns 56,607 shares of the real estate investment trust’s stock worth $2,213,000 after buying an additional 4,686 shares during the last quarter. Benjamin Edwards Inc. grew its position in STAG Industrial by 142.3% during the third quarter. Benjamin Edwards Inc. now owns 5,937 shares of the real estate investment trust’s stock valued at $232,000 after buying an additional 3,487 shares during the period. Point72 Asia Singapore Pte. Ltd. increased its position in STAG Industrial by 247.8% in the third quarter. Point72 Asia Singapore Pte. Ltd. now owns 5,467 shares of the real estate investment trust’s stock worth $214,000 after buying an additional 3,895 shares in the last quarter. Finally, Edgestream Partners L.P. bought a new stake in shares of STAG Industrial during the 3rd quarter valued at $370,000. Hedge funds and other institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 2.2 %

Shares of STAG Industrial stock opened at $33.94 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. STAG Industrial, Inc. has a fifty-two week low of $33.18 and a fifty-two week high of $41.63. The firm has a 50-day simple moving average of $36.80 and a two-hundred day simple moving average of $37.72. The company has a market cap of $6.18 billion, a P/E ratio of 34.28 and a beta of 1.07.

STAG Industrial Dividend Announcement

The business also recently declared 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 4.36%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s payout ratio is presently 149.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Evercore ISI raised their price objective on 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 raised their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Barclays cut their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a report 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 report on Monday, November 4th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, STAG Industrial has an average rating of “Hold” and an average target price of $41.00.

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.