STAG Industrial, Inc. (NYSE:STAG) Shares Purchased by MML Investors Services LLC

MML Investors Services LLC raised its holdings in STAG Industrial, Inc. (NYSE:STAG) by 22.2% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,338 shares of the real estate investment trust’s stock after buying an additional 1,877 shares during the period. MML Investors Services LLC’s holdings in STAG Industrial were worth $404,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of STAG. Centerpoint Advisors LLC acquired a new stake in shares of STAG Industrial during the 2nd quarter worth about $25,000. UMB Bank n.a. raised its holdings in STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 306 shares in the last quarter. Wetzel Investment Advisors Inc. purchased a new stake in shares of STAG Industrial during the 2nd quarter worth approximately $38,000. Coastline Trust Co acquired a new position in shares of STAG Industrial in the 3rd quarter valued at $55,000. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of STAG Industrial in the 2nd quarter valued at $57,000. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Price Performance

STAG Industrial stock opened at $33.93 on Tuesday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The business has a 50 day simple moving average of $36.74 and a 200-day simple moving average of $37.75. STAG Industrial, Inc. has a 12 month low of $33.18 and a 12 month high of $41.63. The stock has a market capitalization of $6.18 billion, a PE ratio of 34.27 and a beta of 1.08.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a yield of 4.36%. STAG Industrial’s payout ratio is currently 149.49%.

Wall Street Analyst Weigh In

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

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.