Dynamic Technology Lab Private Ltd Acquires Shares of 6,251 STAG Industrial, Inc. (NYSE:STAG)

Dynamic Technology Lab Private Ltd bought a new position in STAG Industrial, Inc. (NYSE:STAG) in the 3rd quarter, HoldingsChannel.com reports. The institutional investor bought 6,251 shares of the real estate investment trust’s stock, valued at approximately $244,000.

A number of other large investors have also recently modified their holdings of STAG. UMB Bank n.a. boosted its position in STAG Industrial by 54.1% during the 3rd quarter. UMB Bank n.a. now owns 872 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 306 shares in the last quarter. GAMMA Investing LLC increased its position in shares of STAG Industrial by 56.1% during the second quarter. GAMMA Investing LLC now owns 907 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 326 shares in the last quarter. Resources Management Corp CT ADV raised its stake in shares of STAG Industrial by 1.3% in the second quarter. Resources Management Corp CT ADV now owns 29,475 shares of the real estate investment trust’s stock worth $1,063,000 after purchasing an additional 370 shares during the last quarter. State of Alaska Department of Revenue raised its position in STAG Industrial by 0.4% in the 3rd quarter. State of Alaska Department of Revenue now owns 107,571 shares of the real estate investment trust’s stock worth $4,204,000 after buying an additional 390 shares during the last quarter. Finally, Cetera Advisors LLC lifted its position in STAG Industrial by 1.0% during the first quarter. Cetera Advisors LLC now owns 40,380 shares of the real estate investment trust’s stock valued at $1,552,000 after purchasing an additional 409 shares during the period. Institutional investors own 88.67% of the company’s stock.

STAG Industrial Trading Down 1.5 %

Shares of STAG Industrial stock opened at $36.79 on Monday. 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 firm has a market cap of $6.70 billion, a price-to-earnings ratio of 37.16 and a beta of 1.09. STAG Industrial, Inc. has a twelve month low of $34.09 and a twelve month high of $41.63. The business has a 50-day moving average price of $37.55 and a 200-day moving average price of $37.71.

STAG Industrial Announces Dividend

The company also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be paid a $0.1233 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.02%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s payout ratio is 149.49%.

Analyst Upgrades and Downgrades

STAG has been the topic of a number of research reports. Wedbush raised their price objective on shares of STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a report on Monday, August 5th. Evercore ISI increased their price target on STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company lowered 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. Finally, Barclays cut their target price on STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Monday, October 28th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $41.13.

STAG Industrial Company 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.