Park Avenue Securities LLC Has $246,000 Holdings in STAG Industrial, Inc. (NYSE:STAG)

Park Avenue Securities LLC raised its stake in shares of STAG Industrial, Inc. (NYSE:STAG) by 40.3% in the fourth quarter, Holdings Channel.com reports. The firm owned 7,284 shares of the real estate investment trust’s stock after buying an additional 2,091 shares during the period. Park Avenue Securities LLC’s holdings in STAG Industrial were worth $246,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in shares of STAG Industrial by 54.1% during the third quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after buying an additional 306 shares during the last quarter. Coastline Trust Co bought a new position in STAG Industrial during the 3rd quarter valued at $55,000. GAMMA Investing LLC boosted its holdings in STAG Industrial by 72.7% during the 3rd quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock worth $61,000 after acquiring an additional 659 shares during the last quarter. Point72 Asia Singapore Pte. Ltd. purchased a new position in STAG Industrial during the second quarter worth about $57,000. Finally, Benjamin F. Edwards & Company Inc. grew its position in STAG Industrial by 63.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 2,229 shares of the real estate investment trust’s stock worth $80,000 after purchasing an additional 868 shares in the last quarter. Institutional investors and hedge funds own 88.67% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Raymond James boosted their target price on STAG Industrial from $39.00 to $40.00 and gave the stock an “outperform” rating in a research note on Wednesday, December 11th. Wells Fargo & Company cut 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 report on Monday, November 4th. Finally, Barclays lowered their price objective 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. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $41.00.

STAG Industrial Trading Up 0.2 %

Shares of STAG opened at $34.34 on Friday. The firm has a market cap of $6.26 billion, a P/E ratio of 34.69 and a beta of 1.09. STAG Industrial, Inc. has a fifty-two week low of $32.27 and a fifty-two week high of $41.63. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.42 and a current ratio of 1.42. The business has a 50-day moving average of $34.88 and a 200 day moving average of $37.44.

STAG Industrial Dividend Announcement

The firm also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a $0.1242 dividend. This represents a $1.49 annualized dividend and a dividend yield of 4.34%. The ex-dividend date is Monday, March 31st. STAG Industrial’s dividend payout ratio (DPR) is currently 149.49%.

STAG Industrial Company Profile

STAG Industrial, Inc is a real estate investment company, which engages in acquiring, owning, and managing single-tenant, industrial real estate assets. It offers industrial real estate operating platform to real estate ownership. The company was founded by Benjamin S. Butcher on July 21, 2010 and is headquartered in Boston, MA.