Peddock Capital Advisors LLC Takes Position in STAG Industrial, Inc. (NYSE:STAG)

Peddock Capital Advisors LLC bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG) during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 5,569 shares of the real estate investment trust’s stock, valued at approximately $218,000.

Several other institutional investors and hedge funds have also bought and sold shares of STAG. Atomi Financial Group Inc. bought a new position in shares of STAG Industrial in the third quarter valued at $217,000. GAMMA Investing LLC raised its holdings in shares of STAG Industrial by 72.7% in the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after purchasing an additional 659 shares during the last quarter. Handelsbanken Fonder AB raised its holdings in shares of STAG Industrial by 34.1% in the third quarter. Handelsbanken Fonder AB now owns 50,302 shares of the real estate investment trust’s stock valued at $1,966,000 after purchasing an additional 12,800 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of STAG Industrial in the second quarter valued at about $57,000. Finally, American Trust purchased a new stake in shares of STAG Industrial in the second quarter valued at about $226,000. 88.67% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Benjamin S. Butcher sold 34,000 shares of the firm’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 value of $1,386,520.00. Following the completion of the transaction, the director now directly owns 8,758 shares in the company, valued at approximately $357,151.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

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

STAG Industrial Stock Performance

Shares of STAG traded down $0.47 during trading hours on Wednesday, hitting $36.91. The company’s stock had a trading volume of 154,864 shares, compared to its average volume of 1,068,845. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 37.38 and a beta of 1.09. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60. The business has a 50 day simple moving average of $39.52 and a two-hundred day simple moving average of $37.43. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $41.63.

STAG Industrial Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, August 15th. Stockholders of record on Thursday, August 1st were given a $0.1233 dividend. This is a positive change from STAG Industrial’s previous dividend of $0.12. This represents a dividend yield of 3.63%. The ex-dividend date of this dividend was Wednesday, July 31st. STAG Industrial’s dividend payout ratio (DPR) is 148.00%.

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.