James Investment Research Inc. Increases Stake in STAG Industrial, Inc. (NYSE:STAG)

James Investment Research Inc. increased its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 48.5% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,968 shares of the real estate investment trust’s stock after buying an additional 2,929 shares during the period. James Investment Research Inc.’s holdings in STAG Industrial were worth $351,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in STAG. J.Safra Asset Management Corp increased its stake in shares of STAG Industrial by 708.5% during the first quarter. J.Safra Asset Management Corp now owns 663 shares of the real estate investment trust’s stock valued at $25,000 after buying an additional 581 shares during the period. Centerpoint Advisors LLC purchased a new position in shares of STAG Industrial during the second quarter valued at $25,000. Fidelis Capital Partners LLC purchased a new position in shares of STAG Industrial during the first quarter valued at $29,000. GAMMA Investing LLC boosted its position in STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 326 shares in the last quarter. Finally, UMB Bank n.a. boosted its position 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 valued at $34,000 after purchasing an additional 306 shares in the last quarter. Hedge funds and other institutional investors own 88.67% of the company’s stock.

Wall Street Analyst Weigh In

STAG has been the topic of a number of recent research reports. Barclays dropped 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. Evercore ISI raised their price objective on STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research report on Wednesday, August 28th. Wells Fargo & Company raised their price objective on STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 28th. Finally, Wedbush raised their price objective on STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $41.50.

STAG Industrial Price Performance

Shares of STAG stock opened at $36.87 on Friday. STAG Industrial, Inc. has a fifty-two week low of $33.99 and a fifty-two week high of $41.63. The firm has a market capitalization of $6.72 billion, a price-to-earnings ratio of 37.24 and a beta of 1.09. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.60 and a current ratio of 1.42. The stock’s 50-day simple moving average is $38.77 and its 200-day simple moving average is $37.44.

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 yield of 4.01%. STAG Industrial’s dividend payout ratio is currently 149.49%.

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.