CIBC Asset Management Inc purchased a new position in STAG Industrial, Inc. (NYSE:STAG – Free Report) in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 5,414 shares of the real estate investment trust’s stock, valued at approximately $212,000.
Several other institutional investors have also recently made changes to their positions in the stock. Ceredex Value Advisors LLC purchased a new stake in STAG Industrial in the 2nd quarter worth approximately $13,188,000. F M Investments LLC purchased a new stake in shares of STAG Industrial in the second quarter worth $6,534,000. Dimensional Fund Advisors LP lifted its stake in shares of STAG Industrial by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after buying an additional 167,532 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in STAG Industrial by 7.0% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock worth $64,045,000 after buying an additional 115,480 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in STAG Industrial by 3,828.9% in the 3rd quarter. International Assets Investment Management LLC now owns 116,963 shares of the real estate investment trust’s stock worth $4,572,000 after buying an additional 113,986 shares during the period. Institutional investors own 88.67% of the company’s stock.
STAG Industrial Trading Up 1.0 %
STAG stock opened at $36.48 on Friday. The firm has a fifty day moving average price of $37.81 and a 200 day moving average price of $37.64. STAG Industrial, Inc. has a fifty-two week low of $34.09 and a fifty-two week high of $41.63. The firm has a market cap of $6.65 billion, a PE ratio of 36.85 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42.
STAG Industrial Announces Dividend
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. 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. Wells Fargo & Company dropped their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research note on Monday, November 4th. Wedbush lifted their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays dropped their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, STAG Industrial presently has an average rating of “Hold” and an average price target of $41.13.
STAG Industrial 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.
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