PFG Investments LLC Makes New $494,000 Investment in STAG Industrial, Inc. (NYSE:STAG)

PFG Investments LLC bought a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,856 shares of the real estate investment trust’s stock, valued at approximately $494,000.

A number of other hedge funds have also recently made changes to their positions in STAG. Fifth Third Bancorp boosted its position in STAG Industrial by 31.4% in the 4th quarter. Fifth Third Bancorp now owns 1,189 shares of the real estate investment trust’s stock valued at $47,000 after buying an additional 284 shares during the period. Ipswich Investment Management Co. Inc. grew its stake in STAG Industrial by 1.5% in the third quarter. Ipswich Investment Management Co. Inc. now owns 20,886 shares of the real estate investment trust’s stock worth $721,000 after purchasing an additional 300 shares in the last quarter. Verdence Capital Advisors LLC increased its holdings in STAG Industrial by 3.6% during the 4th quarter. Verdence Capital Advisors LLC now owns 8,670 shares of the real estate investment trust’s stock worth $340,000 after purchasing an additional 301 shares during the period. Metis Global Partners LLC raised its position in STAG Industrial by 3.0% during the 3rd quarter. Metis Global Partners LLC now owns 10,534 shares of the real estate investment trust’s stock valued at $364,000 after purchasing an additional 311 shares in the last quarter. Finally, Cornercap Investment Counsel Inc. lifted its holdings in shares of STAG Industrial by 1.2% in the 4th quarter. Cornercap Investment Counsel Inc. now owns 27,263 shares of the real estate investment trust’s stock worth $1,070,000 after buying an additional 324 shares during the period. 88.67% of the stock is currently owned by institutional investors.

STAG Industrial Stock Up 0.5 %

NYSE STAG traded up $0.18 on Monday, hitting $34.66. The stock had a trading volume of 1,045,657 shares, compared to its average volume of 1,143,302. STAG Industrial, Inc. has a 52-week low of $31.69 and a 52-week high of $39.61. The business’s fifty day moving average price is $37.11 and its 200 day moving average price is $36.83. The company has a debt-to-equity ratio of 0.76, a current ratio of 1.79 and a quick ratio of 1.79. The stock has a market cap of $6.30 billion, a price-to-earnings ratio of 32.09, a price-to-earnings-growth ratio of 4.87 and a beta of 1.02.

STAG Industrial Announces Dividend

The firm also recently announced a monthly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.1233 per share. This represents a $1.48 annualized dividend and a yield of 4.27%. The ex-dividend date is Friday, June 28th. STAG Industrial’s dividend payout ratio is currently 137.04%.

Analyst Upgrades and Downgrades

STAG has been the topic of several research reports. Robert W. Baird restated a “neutral” rating and set a $41.00 price target (up previously from $38.00) on shares of STAG Industrial in a research note on Friday, January 5th. Barclays began coverage on shares of STAG Industrial in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $40.00 price target for the company. BMO Capital Markets reissued an “outperform” rating and set a $42.00 price objective (up from $41.00) on shares of STAG Industrial in a report on Monday, April 8th. Finally, Royal Bank of Canada boosted their price objective on shares of STAG Industrial from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $39.13.

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.