Squarepoint Ops LLC Buys New Shares in STAG Industrial, Inc. (NYSE:STAG)

Squarepoint Ops LLC purchased a new stake in STAG Industrial, Inc. (NYSE:STAG) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 11,715 shares of the real estate investment trust’s stock, valued at approximately $422,000.

Other hedge funds also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. acquired a new position in shares of STAG Industrial during the 1st quarter worth $3,222,000. Centersquare Investment Management LLC lifted its holdings in shares of STAG Industrial by 24.9% during the 1st quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock worth $4,990,000 after acquiring an additional 25,844 shares during the period. Westfield Capital Management Co. LP boosted its holdings in STAG Industrial by 12.3% during the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock valued at $37,190,000 after purchasing an additional 106,217 shares in the last quarter. Cetera Investment Advisers grew its position in STAG Industrial by 763.9% in the first quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock valued at $2,721,000 after acquiring an additional 62,594 shares during the period. Finally, Susquehanna Fundamental Investments LLC grew its holdings in shares of STAG Industrial by 470.9% in the 1st quarter. Susquehanna Fundamental Investments LLC now owns 74,120 shares of the real estate investment trust’s stock worth $2,849,000 after purchasing an additional 61,137 shares during the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the topic of several research analyst reports. Evercore ISI increased their target price on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Wedbush upped their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Barclays increased their price target on STAG Industrial from $38.00 to $42.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 14th. Finally, Wells Fargo & Company upped their target price on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 28th. Five research 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, the company currently has an average rating of “Hold” and a consensus target price of $41.22.

STAG Industrial Trading Down 0.7 %

Shares of STAG Industrial stock opened at $36.84 on Friday. STAG Industrial, Inc. has a 12-month low of $31.69 and a 12-month high of $41.63. The firm’s 50-day moving average price is $39.36 and its two-hundred day moving average price is $37.43. The company has a quick ratio of 1.60, a current ratio of 1.60 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $6.71 billion, a price-to-earnings ratio of 36.84 and a beta of 1.09.

STAG Industrial Increases Dividend

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

Insider Buying and Selling

In other news, Director Benjamin S. Butcher sold 34,000 shares of the stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the completion of the sale, the director now directly owns 8,758 shares of the company’s stock, valued at $357,151.24. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.10% of the stock is owned by insiders.

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.