Pathstone Holdings LLC Raises Holdings in STAG Industrial, Inc. (NYSE:STAG)

Pathstone Holdings LLC grew its stake in STAG Industrial, Inc. (NYSE:STAG) by 3.6% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 100,622 shares of the real estate investment trust’s stock after buying an additional 3,455 shares during the quarter. Pathstone Holdings LLC owned 0.06% of STAG Industrial worth $3,935,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quest Partners LLC purchased a new position in STAG Industrial in the third quarter worth approximately $566,000. Thrivent Financial for Lutherans raised its holdings in shares of STAG Industrial by 3.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 626,981 shares of the real estate investment trust’s stock valued at $24,509,000 after purchasing an additional 21,764 shares in the last quarter. Natixis Advisors LLC lifted its position in shares of STAG Industrial by 2.6% during the 3rd quarter. Natixis Advisors LLC now owns 358,301 shares of the real estate investment trust’s stock worth $14,006,000 after purchasing an additional 9,097 shares during the last quarter. Coastline Trust Co acquired a new position in shares of STAG Industrial during the third quarter worth $55,000. Finally, CIBC Asset Management Inc purchased a new position in STAG Industrial in the third quarter valued at $212,000. 88.67% of the stock is owned by institutional investors and hedge funds.

STAG Industrial Stock Performance

Shares of STAG Industrial stock opened at $36.48 on Friday. The stock has a market capitalization of $6.65 billion, a price-to-earnings ratio of 36.85 and a beta of 1.09. The firm’s fifty day simple moving average is $37.81 and its 200-day simple moving average is $37.65. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.42 and a quick ratio of 1.42. STAG Industrial, Inc. has a 12 month low of $34.09 and a 12 month high of $41.63.

STAG Industrial Dividend Announcement

The firm also recently announced a monthly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be issued a $0.1233 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.06%. STAG Industrial’s payout ratio is 149.49%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the company. Wedbush upped their price objective on STAG Industrial from $44.00 to $45.00 and gave the stock an “outperform” rating in a research report on Monday, August 5th. Wells Fargo & Company lowered their price target on STAG Industrial from $41.00 to $38.00 and set an “equal weight” rating for the company in a report on Monday, November 4th. Evercore ISI raised their price objective on shares of STAG Industrial from $43.00 to $44.00 and gave the stock an “outperform” rating in a report on Wednesday, August 28th. Finally, Barclays lowered their target price on shares of STAG Industrial from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Monday, October 28th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, STAG Industrial presently has an average rating of “Hold” and a consensus target price of $41.13.

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.