Creative Planning Buys 1,142 Shares of STAG Industrial, Inc. (NYSE:STAG)

Creative Planning lifted its stake in STAG Industrial, Inc. (NYSE:STAG) by 6.2% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 19,507 shares of the real estate investment trust’s stock after acquiring an additional 1,142 shares during the period. Creative Planning’s holdings in STAG Industrial were worth $763,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. UMB Bank n.a. increased its position in STAG Industrial by 54.1% in the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 306 shares during the period. GAMMA Investing LLC increased its position in STAG Industrial by 56.1% in the 2nd quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 326 shares during the period. Resources Management Corp CT ADV increased its position in STAG Industrial by 1.3% in the 2nd quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after buying an additional 370 shares during the period. Cetera Advisors LLC increased its position in STAG Industrial by 1.0% in the 1st quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock worth $1,552,000 after buying an additional 409 shares during the period. Finally, B. Riley Wealth Advisors Inc. increased its position in STAG Industrial by 4.6% in the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,666 shares of the real estate investment trust’s stock worth $410,000 after buying an additional 470 shares during the period. 88.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

STAG has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price target on STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 28th. Wedbush lifted their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Barclays dropped their price target on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Monday, October 28th. Finally, Evercore ISI boosted 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. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.50.

STAG Industrial Stock Performance

Shares of NYSE STAG opened at $36.87 on Friday. The business has a fifty day simple moving average of $38.77 and a 200 day simple moving average of $37.44. The company has a current ratio of 1.42, a quick ratio of 1.60 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 37.24 and a beta of 1.09. STAG Industrial, Inc. has a one year low of $33.99 and a one year high of $41.63.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.01%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is 149.49%.

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.