Quest Partners LLC Acquires Shares of 14,471 STAG Industrial, Inc. (NYSE:STAG)

Quest Partners LLC bought a new stake in STAG Industrial, Inc. (NYSE:STAG) during the third quarter, according to the company in its most recent disclosure with the SEC. The firm bought 14,471 shares of the real estate investment trust’s stock, valued at approximately $566,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Centerpoint Advisors LLC bought a new stake in shares of STAG Industrial during the 2nd quarter worth $25,000. UMB Bank n.a. raised its stake in 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 worth $34,000 after acquiring an additional 306 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of STAG Industrial by 56.1% in the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 326 shares during the last quarter. Wetzel Investment Advisors Inc. acquired a new stake in shares of STAG Industrial in the 2nd quarter valued at approximately $38,000. Finally, Covestor Ltd grew its holdings in shares of STAG Industrial by 237.6% during the 1st quarter. Covestor Ltd now owns 1,148 shares of the real estate investment trust’s stock valued at $44,000 after purchasing an additional 808 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Up 1.0 %

NYSE STAG opened at $36.48 on Friday. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 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 firm has a market capitalization of $6.65 billion, a PE ratio of 36.85 and a beta of 1.09. The business’s 50-day moving average price is $37.81 and its two-hundred day moving average price is $37.64.

STAG Industrial Dividend Announcement

The company also recently declared a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.06%. STAG Industrial’s payout ratio is 149.49%.

Wall Street Analysts Forecast Growth

STAG has been the subject of several research reports. Evercore ISI increased 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. 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 report on Monday, October 28th. Wedbush upped their target price on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Finally, Wells Fargo & Company cut their price target on 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 investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, STAG Industrial currently has an average rating of “Hold” and a consensus price target of $41.13.

About STAG Industrial

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.