Bank of Montreal Can Purchases 1,033,485 Shares of STAG Industrial, Inc. (NYSE:STAG)

Bank of Montreal Can raised its position in shares of STAG Industrial, Inc. (NYSE:STAG) by 330.5% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,346,149 shares of the real estate investment trust’s stock after purchasing an additional 1,033,485 shares during the quarter. Bank of Montreal Can owned 0.74% of STAG Industrial worth $52,823,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Dynamic Technology Lab Private Ltd bought a new stake in STAG Industrial during the 3rd quarter valued at about $244,000. Daiwa Securities Group Inc. increased its stake in STAG Industrial by 16.0% during the 3rd quarter. Daiwa Securities Group Inc. now owns 242,533 shares of the real estate investment trust’s stock valued at $9,481,000 after purchasing an additional 33,531 shares in the last quarter. Westfield Capital Management Co. LP increased its stake in STAG Industrial by 36.0% during the 3rd quarter. Westfield Capital Management Co. LP now owns 1,670,586 shares of the real estate investment trust’s stock valued at $65,303,000 after purchasing an additional 442,618 shares in the last quarter. Cerity Partners LLC increased its stake in STAG Industrial by 32.7% during the 3rd quarter. Cerity Partners LLC now owns 18,774 shares of the real estate investment trust’s stock valued at $734,000 after purchasing an additional 4,629 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in STAG Industrial by 7.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,169,164 shares of the real estate investment trust’s stock valued at $123,883,000 after purchasing an additional 227,629 shares in the last quarter. 88.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on STAG. Wedbush lifted their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research note on Monday, August 5th. Barclays reduced their price target on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research note on Monday, October 28th. Wells Fargo & Company reduced 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 note on Monday, November 4th. Finally, Evercore ISI lifted their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, STAG Industrial has a consensus rating of “Hold” and an average target price of $41.13.

STAG Industrial Trading Up 0.9 %

STAG stock opened at $37.35 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. STAG Industrial, Inc. has a twelve month low of $34.09 and a twelve month high of $41.63. The stock has a market capitalization of $6.81 billion, a price-to-earnings ratio of 37.73 and a beta of 1.09. The firm’s fifty day simple moving average is $37.69 and its two-hundred day simple moving average is $37.69.

STAG Industrial Announces Dividend

The business also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be paid a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.96%. The ex-dividend date of this dividend is Tuesday, December 31st. STAG Industrial’s dividend payout ratio is currently 149.49%.

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.