STAG Industrial, Inc. (NYSE:STAG) Stock Position Lifted by PNC Financial Services Group Inc.

PNC Financial Services Group Inc. lifted its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 15.2% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 26,807 shares of the real estate investment trust’s stock after purchasing an additional 3,529 shares during the quarter. PNC Financial Services Group Inc.’s holdings in STAG Industrial were worth $1,048,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of STAG. Price T Rowe Associates Inc. MD lifted its stake in shares of 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 worth $4,126,000 after acquiring an additional 4,577 shares during the period. B. Riley Wealth Advisors Inc. increased its position in shares of STAG Industrial by 4.6% during the 1st quarter. B. Riley Wealth Advisors Inc. now owns 10,666 shares of the real estate investment trust’s stock valued at $410,000 after purchasing an additional 470 shares during the period. Atria Investments Inc bought a new stake in shares of STAG Industrial in the 1st quarter worth $1,024,000. Cetera Investment Advisers lifted its holdings in shares of 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 buying an additional 62,594 shares during the period. Finally, Cetera Advisors LLC boosted its stake in STAG Industrial by 1.0% during the first quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock valued at $1,552,000 after buying an additional 409 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STAG. Wedbush boosted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Evercore ISI boosted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Wells Fargo & Company cut their target price on shares of 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. Finally, Barclays decreased 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 report on Monday, October 28th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Stock Up 0.9 %

STAG stock opened at $37.35 on Thursday. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $6.81 billion, a P/E ratio of 37.73 and a beta of 1.09. STAG Industrial, Inc. has a 52-week low of $34.09 and a 52-week high of $41.63. The company’s 50 day simple moving average is $37.69 and its 200-day simple moving average is $37.69.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 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.