Tectonic Advisors LLC Increases Stake in STAG Industrial, Inc. (NYSE:STAG)

Tectonic Advisors LLC raised its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.2% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 12,649 shares of the real estate investment trust’s stock after purchasing an additional 847 shares during the quarter. Tectonic Advisors LLC’s holdings in STAG Industrial were worth $494,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. purchased a new position in STAG Industrial in the 1st quarter worth approximately $3,222,000. Centersquare Investment Management LLC raised its stake in shares of STAG Industrial by 24.9% in the first quarter. Centersquare Investment Management LLC now owns 129,800 shares of the real estate investment trust’s stock worth $4,990,000 after purchasing an additional 25,844 shares during the last quarter. Westfield Capital Management Co. LP lifted its holdings in shares of STAG Industrial by 12.3% during the first quarter. Westfield Capital Management Co. LP now owns 967,485 shares of the real estate investment trust’s stock valued at $37,190,000 after purchasing an additional 106,217 shares in the last quarter. Cetera Investment Advisers increased its holdings in STAG Industrial by 763.9% in the 1st quarter. Cetera Investment Advisers now owns 70,788 shares of the real estate investment trust’s stock worth $2,721,000 after buying an additional 62,594 shares in the last quarter. Finally, Earnest Partners LLC increased its holdings in STAG Industrial by 2.2% in the 2nd quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock worth $131,727,000 after buying an additional 78,189 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

STAG has been the topic of several research analyst reports. Barclays upped their target price on shares of STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, August 14th. Wells Fargo & Company raised their target price on shares of STAG Industrial from $37.00 to $41.00 and gave the stock an “equal weight” rating in a report on Wednesday, August 28th. Evercore ISI lifted their target price on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research report on Wednesday, August 28th. Finally, Wedbush increased their price target on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.22.

Insider Activity at STAG Industrial

In other news, Director Benjamin S. Butcher sold 34,000 shares of the firm’s stock in a transaction dated Thursday, August 1st. The stock was sold at an average price of $40.78, for a total value of $1,386,520.00. Following the transaction, the director now owns 8,758 shares of the company’s stock, valued at $357,151.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.10% of the stock is owned by company insiders.

STAG Industrial Stock Down 2.0 %

STAG opened at $37.05 on Friday. STAG Industrial, Inc. has a 1-year low of $31.79 and a 1-year high of $41.63. The firm’s 50 day simple moving average is $39.02 and its two-hundred day simple moving average is $37.44. The company has a current ratio of 1.60, a quick ratio of 1.60 and a debt-to-equity ratio of 0.82. The company has a market capitalization of $6.75 billion, a PE ratio of 35.63 and a beta of 1.09.

STAG Industrial Dividend Announcement

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued 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 yield of 3.99%. STAG Industrial’s dividend payout ratio is currently 142.31%.

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.