26,118 Shares in Stag Industrial, Inc. $STAG Acquired by Versor Investments LP

Versor Investments LP bought a new position in shares of Stag Industrial, Inc. (NYSE:STAG) during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm bought 26,118 shares of the real estate investment trust’s stock, valued at approximately $922,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in STAG. Private Trust Co. NA raised its position in Stag Industrial by 2,183.9% in the 2nd quarter. Private Trust Co. NA now owns 708 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 677 shares during the last quarter. Root Financial Partners LLC acquired a new position in Stag Industrial during the third quarter worth $43,000. EverSource Wealth Advisors LLC increased its stake in Stag Industrial by 270.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,436 shares of the real estate investment trust’s stock valued at $52,000 after buying an additional 1,048 shares during the last quarter. Covestor Ltd lifted its position in Stag Industrial by 98.5% during the 3rd quarter. Covestor Ltd now owns 1,769 shares of the real estate investment trust’s stock worth $62,000 after buying an additional 878 shares in the last quarter. Finally, Huntington National Bank boosted its stake in shares of Stag Industrial by 23.2% during the 2nd quarter. Huntington National Bank now owns 3,495 shares of the real estate investment trust’s stock worth $127,000 after buying an additional 659 shares during the last quarter. 88.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on STAG. Robert W. Baird upped their price objective on Stag Industrial from $38.00 to $39.00 and gave the stock a “neutral” rating in a research note on Tuesday, November 4th. Wall Street Zen raised shares of Stag Industrial from a “sell” rating to a “hold” rating in a report on Saturday. Royal Bank Of Canada raised their target price on shares of Stag Industrial from $38.00 to $42.00 and gave the company a “sector perform” rating in a research note on Thursday, November 6th. Evercore boosted their price target on Stag Industrial from $41.00 to $42.00 and gave the stock an “outperform” rating in a research report on Friday, October 31st. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Stag Industrial in a research note on Monday, December 22nd. Three equities research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $39.33.

Stag Industrial Trading Up 0.8%

Shares of STAG stock opened at $39.48 on Wednesday. Stag Industrial, Inc. has a 12-month low of $28.61 and a 12-month high of $39.88. The company has a market capitalization of $7.37 billion, a PE ratio of 30.37 and a beta of 1.06. The firm has a 50 day moving average price of $37.70 and a two-hundred day moving average price of $37.11. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.89.

Stag Industrial Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be paid a dividend of $0.3875 per share. This represents a $1.55 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Tuesday, March 31st. Stag Industrial’s dividend payout ratio (DPR) is 119.23%.

Stag Industrial Company Profile

Stag Industrial, Inc is a real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of single-tenant industrial properties throughout the United States. The company’s portfolio is focused on free-standing warehouses, distribution centers and light manufacturing facilities designed to meet the logistical needs of a diverse tenant base. By concentrating on properties with straightforward layouts and minimal common-area maintenance, Stag Industrial seeks to deliver stable rental income and attractive risk-adjusted returns for its shareholders.

Since its founding in 2010 and initial public offering in 2011, Stag Industrial has pursued a disciplined investment strategy centered on high-quality, well-located assets.