Foundations Investment Advisors LLC Boosts Stock Position in STAG Industrial, Inc. (NYSE:STAG)

Foundations Investment Advisors LLC raised its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 15.7% in the 4th quarter, Holdings Channel reports. The firm owned 11,405 shares of the real estate investment trust’s stock after purchasing an additional 1,544 shares during the quarter. Foundations Investment Advisors LLC’s holdings in STAG Industrial were worth $386,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in STAG. UMB Bank n.a. grew its stake in STAG Industrial by 54.1% in the 3rd 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. Sugar Maple Asset Management LLC purchased a new position in STAG Industrial during the 4th quarter worth $43,000. Coastline Trust Co bought a new stake in STAG Industrial during the 3rd quarter valued at $55,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of STAG Industrial in the 2nd quarter worth $57,000. Finally, GAMMA Investing LLC increased its stake in shares of STAG Industrial by 72.7% during the third quarter. GAMMA Investing LLC now owns 1,566 shares of the real estate investment trust’s stock valued at $61,000 after buying an additional 659 shares during the period. 88.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on STAG shares. Raymond James boosted their price target on shares of STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a report on Wednesday, December 11th. Barclays dropped their target price on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Royal Bank of Canada reduced their price target on STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a research report on Monday. Finally, Wells Fargo & Company dropped their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating on the stock in a research report on Monday, November 4th. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Price Performance

NYSE:STAG opened at $34.49 on Friday. 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 52 week low of $32.27 and a 52 week high of $41.63. The stock’s 50-day moving average price is $34.74 and its 200-day moving average price is $37.36. The stock has a market capitalization of $6.28 billion, a PE ratio of 34.83 and a beta of 1.09.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be paid a dividend of $0.1242 per share. This represents a $1.49 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Monday, March 31st. STAG Industrial’s payout ratio is 149.49%.

About STAG Industrial

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.