GSA Capital Partners LLP Buys Shares of 8,916 STAG Industrial, Inc. (NYSE:STAG)

GSA Capital Partners LLP bought a new stake in shares of STAG Industrial, Inc. (NYSE:STAG) during the third quarter, Holdings Channel.com reports. The fund bought 8,916 shares of the real estate investment trust’s stock, valued at approximately $349,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Ceredex Value Advisors LLC bought a new position in STAG Industrial in the second quarter valued at $13,188,000. F M Investments LLC bought a new position in STAG Industrial in the second quarter valued at $6,534,000. Dimensional Fund Advisors LP increased its stake in STAG Industrial by 6.2% in the second 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 acquiring an additional 167,532 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in STAG Industrial by 7.0% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,776,042 shares of the real estate investment trust’s stock valued at $64,045,000 after acquiring an additional 115,480 shares during the last quarter. Finally, International Assets Investment Management LLC increased its stake in STAG Industrial by 3,828.9% in the third quarter. International Assets Investment Management LLC now owns 116,963 shares of the real estate investment trust’s stock valued at $4,572,000 after acquiring an additional 113,986 shares during the last quarter. Institutional investors own 88.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STAG shares. Wedbush upped their price target on shares of STAG Industrial from $44.00 to $45.00 and gave the company an “outperform” rating in a research report on Monday, August 5th. Wells Fargo & Company cut their price target on shares of 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. Barclays cut their price target on shares of 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. Finally, 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 report on Wednesday, August 28th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, STAG Industrial presently has a consensus rating of “Hold” and a consensus target price of $41.13.

STAG Industrial Stock Performance

STAG Industrial stock opened at $36.48 on Friday. The company’s 50-day moving average price is $37.81 and its 200-day moving average price is $37.64. STAG Industrial, Inc. has a twelve month low of $34.09 and a twelve 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 market cap of $6.65 billion, a PE ratio of 36.85 and a beta of 1.09.

STAG Industrial Dividend Announcement

The business also recently disclosed a monthly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a $0.1233 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $1.48 annualized dividend and a yield of 4.06%. STAG Industrial’s dividend payout ratio (DPR) is 149.49%.

STAG Industrial 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.