GSA Capital Partners LLP Makes New Investment in STAG Industrial, Inc. (NYSE:STAG)

GSA Capital Partners LLP bought a new position in shares of STAG Industrial, Inc. (NYSE:STAG) in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 8,916 shares of the real estate investment trust’s stock, valued at approximately $349,000.

Other institutional investors have also recently bought and sold shares of the company. Mitsubishi UFJ Trust & Banking Corp lifted its position in STAG Industrial by 40.1% in the 1st quarter. Mitsubishi UFJ Trust & Banking Corp now owns 9,649 shares of the real estate investment trust’s stock valued at $363,000 after acquiring an additional 2,760 shares in the last quarter. Covestor Ltd lifted its position in STAG Industrial by 237.6% in the 1st quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust’s stock valued at $44,000 after acquiring an additional 808 shares in the last quarter. O Shaughnessy Asset Management LLC lifted its position in STAG Industrial by 42.3% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 13,756 shares of the real estate investment trust’s stock valued at $529,000 after acquiring an additional 4,088 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in STAG Industrial by 4.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 107,323 shares of the real estate investment trust’s stock valued at $4,126,000 after buying an additional 4,577 shares during the last quarter. Finally, BROOKFIELD Corp ON increased its stake in STAG Industrial by 5.9% in the 1st quarter. BROOKFIELD Corp ON now owns 14,423 shares of the real estate investment trust’s stock valued at $554,000 after buying an additional 798 shares during the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

STAG has been the topic of several recent research reports. Wells Fargo & Company lowered their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research note on Monday, November 4th. Barclays lowered their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Monday, October 28th. Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research note on Monday, August 5th. Finally, Evercore ISI lifted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, STAG Industrial currently has an average rating of “Hold” and a consensus price target of $41.13.

STAG Industrial Stock Up 1.0 %

Shares of NYSE STAG opened at $36.48 on Friday. The firm has a market cap of $6.65 billion, a PE ratio of 36.85 and a beta of 1.09. STAG Industrial, Inc. has a 12-month low of $34.09 and a 12-month high of $41.63. The company’s fifty day simple moving average is $37.81 and its 200 day simple moving average is $37.64. 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 Announces Dividend

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date of this dividend 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.