Tectonic Advisors LLC Buys 2,161 Shares of STAG Industrial, Inc. (NYSE:STAG)

Tectonic Advisors LLC lifted its stake in STAG Industrial, Inc. (NYSE:STAG) by 17.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 14,810 shares of the real estate investment trust’s stock after acquiring an additional 2,161 shares during the period. Tectonic Advisors LLC’s holdings in STAG Industrial were worth $501,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Virginia Wealth Management Group Inc. raised its holdings in STAG Industrial by 1.8% in the 4th quarter. Virginia Wealth Management Group Inc. now owns 83,975 shares of the real estate investment trust’s stock worth $2,840,000 after acquiring an additional 1,522 shares during the period. abrdn plc increased its stake in shares of STAG Industrial by 7.8% in the fourth quarter. abrdn plc now owns 56,872 shares of the real estate investment trust’s stock worth $1,920,000 after purchasing an additional 4,091 shares during the period. Ibex Wealth Advisors acquired a new position in shares of STAG Industrial during the 4th quarter worth about $4,562,000. Hantz Financial Services Inc. boosted its stake in STAG Industrial by 13.9% during the 4th quarter. Hantz Financial Services Inc. now owns 8,898 shares of the real estate investment trust’s stock valued at $301,000 after purchasing an additional 1,085 shares during the period. Finally, Vert Asset Management LLC grew its stake in shares of STAG Industrial by 5.2% in the fourth quarter. Vert Asset Management LLC now owns 79,516 shares of the real estate investment trust’s stock worth $2,689,000 after acquiring an additional 3,948 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have weighed in on STAG shares. Royal Bank of Canada reduced their price target on shares of STAG Industrial from $40.00 to $38.00 and set a “sector perform” rating for the company in a report on Monday, January 27th. Barclays lowered their price target on STAG Industrial from $40.00 to $37.00 and set an “equal weight” rating on the stock in a research note on Tuesday, January 28th. Wells Fargo & Company reduced their price objective on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a research report on Monday, November 4th. Finally, Raymond James boosted their price objective on STAG Industrial from $39.00 to $40.00 and gave the company an “outperform” rating in a research report on Wednesday, December 11th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.38.

STAG Industrial Trading Up 0.5 %

Shares of STAG Industrial stock opened at $34.53 on Thursday. The stock has a market capitalization of $6.29 billion, a P/E ratio of 34.87 and a beta of 1.09. STAG Industrial, Inc. has a 12-month low of $32.27 and a 12-month high of $41.63. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.87. The company has a 50-day simple moving average of $34.52 and a 200 day simple moving average of $37.22.

STAG Industrial Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be given a dividend of $0.1242 per share. The ex-dividend date is Monday, March 31st. This represents a $1.49 annualized dividend and a yield of 4.32%. STAG Industrial’s dividend payout ratio (DPR) is 150.51%.

STAG Industrial Company Profile

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.