HighTower Advisors LLC Grows Position in STAG Industrial, Inc. (NYSE:STAG)

HighTower Advisors LLC raised its holdings in STAG Industrial, Inc. (NYSE:STAG) by 22.6% in the third quarter, Holdings Channel reports. The fund owned 13,620 shares of the real estate investment trust’s stock after buying an additional 2,508 shares during the period. HighTower Advisors LLC’s holdings in STAG Industrial were worth $537,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Blue Trust Inc. lifted its holdings in STAG Industrial by 1,728.4% in the second quarter. Blue Trust Inc. now owns 1,353 shares of the real estate investment trust’s stock valued at $52,000 after acquiring an additional 1,279 shares during the last quarter. Hennion & Walsh Asset Management Inc. lifted its holdings in shares of STAG Industrial by 8.3% in the 2nd quarter. Hennion & Walsh Asset Management Inc. now owns 9,447 shares of the real estate investment trust’s stock worth $341,000 after acquiring an additional 723 shares during the last quarter. Fifth Third Wealth Advisors LLC purchased a new position in shares of STAG Industrial during the 2nd quarter worth approximately $193,000. &PARTNERS purchased a new stake in STAG Industrial in the second quarter valued at approximately $502,000. Finally, Ceredex Value Advisors LLC purchased a new position in shares of STAG Industrial during the second quarter worth $13,188,000. 88.67% of the stock is currently owned by institutional investors and hedge funds.

STAG Industrial Stock Up 2.2 %

STAG stock opened at $33.94 on Friday. The company’s 50 day moving average is $36.80 and its two-hundred day moving average is $37.72. STAG Industrial, Inc. has a twelve month low of $33.18 and a twelve month high of $41.63. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.87. The stock has a market cap of $6.18 billion, a P/E ratio of 34.28 and a beta of 1.07.

STAG Industrial Announces Dividend

The company also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.36%. STAG Industrial’s dividend payout ratio (DPR) is presently 149.49%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on STAG. Raymond James raised their target price on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Evercore ISI increased 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 decreased their price target on shares of STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Barclays cut their price objective 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. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, STAG Industrial has a consensus rating of “Hold” and a consensus target price of $41.00.

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.