Tectonic Advisors LLC Acquires 847 Shares of STAG Industrial, Inc. (NYSE:STAG)

Tectonic Advisors LLC boosted its holdings in shares of STAG Industrial, Inc. (NYSE:STAG) by 7.2% during the 3rd quarter, Holdings Channel reports. The firm owned 12,649 shares of the real estate investment trust’s stock after buying an additional 847 shares during the period. Tectonic Advisors LLC’s holdings in STAG Industrial were worth $494,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of STAG Industrial by 0.7% during the 1st quarter. Vanguard Group Inc. now owns 26,237,263 shares of the real estate investment trust’s stock valued at $1,008,560,000 after purchasing an additional 176,332 shares during the last quarter. Earnest Partners LLC boosted its stake in STAG Industrial by 2.2% during the second quarter. Earnest Partners LLC now owns 3,652,984 shares of the real estate investment trust’s stock valued at $131,727,000 after buying an additional 78,189 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in STAG Industrial by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,865,673 shares of the real estate investment trust’s stock valued at $103,333,000 after buying an additional 167,532 shares in the last quarter. Boston Trust Walden Corp increased its stake in STAG Industrial by 1.0% in the 2nd quarter. Boston Trust Walden Corp now owns 2,552,752 shares of the real estate investment trust’s stock worth $92,052,000 after acquiring an additional 25,779 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of STAG Industrial by 7.0% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock worth $64,045,000 after acquiring an additional 115,480 shares in the last quarter. 88.67% of the stock is owned by hedge funds and other institutional investors.

STAG Industrial Stock Down 2.0 %

Shares of NYSE:STAG opened at $37.05 on Friday. The firm has a market capitalization of $6.75 billion, a PE ratio of 35.63 and a beta of 1.09. The business has a 50 day simple moving average of $39.02 and a two-hundred day simple moving average of $37.44. STAG Industrial, Inc. has a 1 year low of $31.79 and a 1 year high of $41.63. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.60 and a quick ratio of 1.60.

STAG Industrial Dividend Announcement

The firm also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.1233 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.99%. The ex-dividend date is Tuesday, December 31st. STAG Industrial’s payout ratio is currently 142.31%.

Insider Buying and Selling at STAG Industrial

In other news, Director Benjamin S. Butcher sold 34,000 shares of STAG Industrial stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $40.78, for a total transaction of $1,386,520.00. Following the completion of the sale, the director now directly owns 8,758 shares in the company, valued at approximately $357,151.24. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.10% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

STAG has been the topic of a number of recent research reports. Evercore ISI upped their price target on shares of STAG Industrial from $43.00 to $44.00 and gave the company an “outperform” rating in a research note on Wednesday, August 28th. Wells Fargo & Company increased their price target on shares of STAG Industrial from $37.00 to $41.00 and gave the company an “equal weight” rating in a report on Wednesday, August 28th. Wedbush lifted their price target on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Finally, Barclays upped their price objective on STAG Industrial from $38.00 to $42.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 14th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and an average price target of $41.22.

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.