Choreo LLC Has $572,000 Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Choreo LLC increased its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 42.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 16,944 shares of the real estate investment trust’s stock after purchasing an additional 5,018 shares during the period. Choreo LLC’s holdings in STAG Industrial were worth $572,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Tectonic Advisors LLC increased its stake in STAG Industrial by 17.1% in the fourth quarter. Tectonic Advisors LLC now owns 14,810 shares of the real estate investment trust’s stock valued at $501,000 after purchasing an additional 2,161 shares in the last quarter. Virginia Wealth Management Group Inc. increased its position in shares of STAG Industrial by 1.8% in the 4th quarter. Virginia Wealth Management Group Inc. now owns 83,975 shares of the real estate investment trust’s stock valued at $2,840,000 after buying an additional 1,522 shares in the last quarter. abrdn plc raised its stake in STAG Industrial by 7.8% during the 4th quarter. abrdn plc now owns 56,872 shares of the real estate investment trust’s stock worth $1,920,000 after buying an additional 4,091 shares during the period. Ibex Wealth Advisors bought a new position in STAG Industrial during the fourth quarter worth about $4,562,000. Finally, Hantz Financial Services Inc. grew its stake in STAG Industrial by 13.9% in the fourth quarter. Hantz Financial Services Inc. now owns 8,898 shares of the real estate investment trust’s stock valued at $301,000 after acquiring an additional 1,085 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 1.4 %

NYSE:STAG opened at $35.19 on Wednesday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a twelve month low of $32.27 and a twelve month high of $41.63. The company has a market cap of $6.41 billion, a P/E ratio of 35.54 and a beta of 1.09. The business has a 50 day moving average price of $34.36 and a two-hundred day moving average price of $37.06.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a $0.1242 dividend. This represents a $1.49 dividend on an annualized basis and a yield of 4.23%. The ex-dividend date is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 150.51%.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STAG. Wells Fargo & Company dropped their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Raymond James raised their target price on shares of STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a report on Wednesday, December 11th. Barclays reduced their price target on shares of STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating for the company in a report on Tuesday, January 28th. Finally, Royal Bank of Canada dropped their price objective on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating on the stock in a report on Monday, January 27th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, STAG Industrial presently has a consensus rating of “Moderate Buy” and an average target price of $40.38.

About STAG Industrial

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.