STAG Industrial, Inc. (NYSE:STAG) Shares Bought by Benjamin Edwards Inc.

Benjamin Edwards Inc. raised its holdings in STAG Industrial, Inc. (NYSE:STAG) by 142.3% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,937 shares of the real estate investment trust’s stock after purchasing an additional 3,487 shares during the period. Benjamin Edwards Inc.’s holdings in STAG Industrial were worth $232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in STAG. SG Americas Securities LLC grew its stake in STAG Industrial by 66.8% in the 2nd quarter. SG Americas Securities LLC now owns 106,961 shares of the real estate investment trust’s stock valued at $3,857,000 after acquiring an additional 42,843 shares during the period. Envestnet Portfolio Solutions Inc. grew its position in shares of STAG Industrial by 5.2% in the second quarter. Envestnet Portfolio Solutions Inc. now owns 16,063 shares of the real estate investment trust’s stock valued at $579,000 after purchasing an additional 797 shares during the period. J.Safra Asset Management Corp raised its position in shares of STAG Industrial by 191.1% during the 2nd quarter. J.Safra Asset Management Corp now owns 1,930 shares of the real estate investment trust’s stock worth $70,000 after purchasing an additional 1,267 shares during the last quarter. Vanderbilt University purchased a new position in STAG Industrial in the 2nd quarter valued at about $1,463,000. Finally, Blue Trust Inc. boosted its holdings in STAG Industrial by 1,728.4% in the 2nd quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock worth $52,000 after buying an additional 1,279 shares during the last quarter. 88.67% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the company. Barclays decreased their target price 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. Evercore ISI upped their price objective 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. Finally, Wells Fargo & Company decreased their target price 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. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Stock Performance

NYSE:STAG opened at $36.08 on Wednesday. The business’s fifty day moving average price is $37.13 and its 200 day moving average price is $37.74. The firm has a market capitalization of $6.57 billion, a PE ratio of 36.44 and a beta of 1.08. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors 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 4.10%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s payout ratio is 149.49%.

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.